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Wiki Wiki Summary
Natural capital Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services.
Operating cash flow In financial accounting, operating cash flow (OCF), cash flow provided by operations, cash flow from operating activities (CFO) or free cash flow from operations (FCFO), refers to the amount of cash a company generates from the revenues it brings in, excluding costs associated with long-term investment on capital items or investment in securities. Operating activities include any spending or sources of cash that’s involved in a company’s day-to-day business activities.
Military A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. It is typically authorized and maintained by a sovereign state, with its members identifiable by their distinct military uniform.
USS Alaska (CB-1) USS Alaska (CB-1) was the lead ship of the Alaska class of large cruisers which served with the United States Navy during the end of World War II. She was the first of two ships of her class to be completed, followed only by Guam; four other ships were ordered but were not completed before the end of the war. Alaska was the third vessel of the US Navy to be named after what was then the territory of Alaska.
Phelps and Gorham Purchase The Phelps and Gorham Purchase was the purchase in 1788 of 6,000,000 acres (24,000 km2) of land in what is now western New York State from the Commonwealth of Massachusetts for $1,000,000 (£300,000), to be paid in three annual installments, and the pre-emptive right to the title on the land from the Six Nations of the Iroquois Confederacy for $5000 (£12,500). A syndicate formed by Oliver Phelps and Nathaniel Gorham bought preemptive rights to the 9,600-square-mile (25,000 km2) parcel - larger than six present U.S. states: Vermont, New Hampshire, New Jersey, Connecticut, Delaware, and Rhode Island - in New York, west of Seneca Lake between Lake Ontario and the Pennsylvania border, from the Commonwealth of Massachusetts.
Project finance Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of equity investors, known as 'sponsors', and a 'syndicate' of banks or other lending institutions that provide loans to the operation.
South African property law South African property law regulates the "rights of people in or over certain objects or things." It is concerned, in other words, with a person's ability to undertake certain actions with certain kinds of objects in accordance with South African law. Among the formal functions of South African property law is the harmonisation of individual interests in property, the guarantee and protection of individual (and sometimes group) rights with respect to property, and the control of proprietary relationships between persons (both natural and juristic), as well as their rights and obligations.
Blitzkrieg Blitzkrieg ( BLITS-kreeg, German: [ˈblɪtskʁiːk] (listen); from Blitz 'lightning' + Krieg 'war') is a word used to describe a surprise attack using a rapid, overwhelming force concentration that may consist of armoured and motorised or mechanised infantry formations, together with close air support, has the intent to break through the opponent's lines of defense, then dislocate the defenders, unbalance the enemy by making it difficult to respond to the continuously changing front, and defeat them in a decisive Vernichtungsschlacht: battle of annihilation.During the interwar period, aircraft and tank technologies matured and were combined with systematic application of the traditional German tactic of Bewegungskrieg (manoeuvre warfare), deep penetrations and the bypassing of enemy strong points to encircle and destroy enemy forces in a Kesselschlacht (cauldron battle). During the Invasion of Poland, Western journalists adopted the term blitzkrieg to describe this form of armoured warfare.
CBS Dream Team CBS Dream Team (suffixed with ...It's Epic! before October 3, 2020) is an American programming block that is programmed by Hearst Media Production Group (formerly Litton Entertainment), and airs weekend mornings on CBS under a time-lease agreement as a replacement for the WildBrain-produced animation block Cookie Jar TV. The block features six half-hour live-action documentary and lifestyle series aimed at teenagers between the ages of 13 and 16, which are designed to comply with educational programming requirements defined by the Federal Communications Commission (FCC) under the Children's Television Act.
In Old Montana In Old Montana is a 1939 American Western film directed by Raymond K. Johnson and starring Fred Scott, Jean Carmen and John Merton. It is about the conflict existing between sheepherders and cattlemen in the nineteenth century.
That Which Survives "That Which Survives" is the seventeenth episode of the third season of the American science fiction television series Star Trek. Written by John Meredyth Lucas (based on a story by D.C. Fontana under the pseudonym Michael Richards) and directed by Herb Wallerstein, it was first broadcast January 24, 1969.
Growth of religion Growth of religion involves the spread of individual religions and the increase in the numbers of religious adherents around the world. Statistics commonly measure the absolute number of adherents, the percentage of the absolute growth per-year, and the growth of converts in the world.
The Aerospace Corporation The Aerospace Corporation is an American nonprofit corporation that operates a federally funded research and development center (FFRDC) in El Segundo, California. The corporation provides technical guidance and advice on all aspects of space missions to military, civil, and commercial customers.
Franchising Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.
Operational technology Operational technology (OT) is hardware and software that detects or causes a change, through the direct monitoring and/or control of industrial equipment, assets, processes and events. The term has become established to demonstrate the technological and functional differences between traditional information technology (IT) systems and industrial control systems environment, the so-called "IT in the non-carpeted areas".
Availability factor The availability factor of a power plant is the amount of time that it is able to produce electricity over a certain period, divided by the amount of the time in the period. Occasions where only partial capacity is available may or may not be deducted.
Holcim Group The Holcim Group, legally known as Holcim Limited, (formerly known as LafargeHolcim) is a Swiss multinational company that manufactures building materials. It has a presence in around 70 countries, and employs around 72,000 employees.
Economics An economy (from Ancient Greek οἰκονομία (oikonomía) 'management of a household, administration'; from οἶκος (oîkos) 'household', and νέμω (némō) 'distribute, allocate') is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'.
Human Development Index The Human Development Index (HDI) is a statistic composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, which are used to rank countries into four tiers of human development. A country scores a higher level of HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher.
Disrupt Disrupt was an American crust punk band from Lynn, Massachusetts that was active from 1987 to 1993. The lineup was Jay Stiles and Pete Kamarinos (vocals), Chris Drake (guitar), Harry Haralabatos (drums), Tony Leone (bass).
Solar maximum Solar maximum is the regular period of greatest solar activity during the Sun's 11-year solar cycle. During solar maximum, large numbers of sunspots appear, and the solar irradiance output grows by about 0.07%.
Three Mile Island Nuclear Generating Station Three Mile Island Nuclear Generating Station (commonly abbreviated as TMI) is a closed nuclear power plant on Three Mile Island in Londonderry Township, Pennsylvania on Lake Frederic, a reservoir in the Susquehanna River just south of Harrisburg. It had two separate units, TMI-1 (owned by Constellation Energy) and TMI-2 (owned by TriArtisan ES Partners LLC ).The plant was originally built by General Public Utilities Corporation, later renamed GPU Incorporated.
Installment sale In United States income tax law, an installment sale is generally a "disposition of property where at least 1 loan payment is to be received after the close of the taxable year in which the disposition occurs." The term "installment sale" does not include, however, a "dealer disposition" (as defined in the statute) or, generally, a sale of inventory. The installment method of accounting provides an exception to the general principles of income recognition by allowing a taxpayer to defer the inclusion of income of amounts that are to be received from the disposition of certain types of property until payment in cash or cash equivalents is received.
Operating margin In business, operating margin—also known as operating income margin, operating profit margin, EBIT margin and return on sales (ROS)—is the ratio of operating income ("operating profit" in the UK) to net sales, usually expressed in percent.\n\n \n \n \n \n O\n p\n e\n r\n a\n t\n i\n n\n g\n \n m\n a\n r\n g\n i\n n\n \n =\n \n (\n \n \n \n O\n p\n e\n r\n a\n t\n i\n n\n g\n \n i\n n\n c\n o\n m\n e\n \n \n R\n e\n v\n e\n n\n u\n e\n \n \n \n )\n \n .
Those Once Loyal Those Once Loyal is the eighth and final album by the British death metal band Bolt Thrower. It was released on 11 November 2005 in Germany, 14 November 2005 in the rest of Europe and 15 November 2005 in the United States by Metal Blade Records.
Selective serotonin reuptake inhibitor Selective serotonin reuptake inhibitors (SSRIs) are a class of drugs that are typically used as antidepressants in the treatment of major depressive disorder, anxiety disorders, and other psychological conditions.\nSSRIs increase the extracellular level of the neurotransmitter serotonin by limiting its reabsorption (reuptake) into the presynaptic cell.
Chemical bond A chemical bond is a lasting attraction between atoms, ions or molecules that enables the formation of chemical compounds. The bond may result from the electrostatic force between oppositely charged ions as in ionic bonds or through the sharing of electrons as in covalent bonds.
Conversion of Paul the Apostle The conversion of Paul the Apostle (also the Pauline conversion, Damascene conversion, Damascus Christophany and the "road to Damascus" event) was, according to the New Testament, an event in the life of Saul/Paul the Apostle that led him to cease persecuting early Christians and to become a follower of Jesus.\n\n\n== The New Testament accounts ==\nPaul's conversion experience is discussed in both the Pauline epistles and in the Acts of the Apostles.
Sharia and securities trading The Islamic banking and finance movement that developed in the late 20th century as part of the revival of Islamic identity sought to create an alternative to conventional banking that complied with sharia (Islamic) law. Following sharia it banned from its practices riba (usury) – which it defined as any interest paid on all loans of money – and involvement in haram (forbidden) goods or services such as pork or alcohol.
Securities lending In finance, securities lending or stock lending refers to the lending of securities by one party to another.\nThe terms of the loan will be governed by a "Securities Lending Agreement", which requires that the borrower provides the lender with collateral, in the form of cash or non-cash securities, of value equal to or greater than the loaned securities plus an agreed-upon margin.
Digital marketing Digital marketing is the component of marketing that uses the Internet and online based digital technologies such as desktop computers, mobile phones and other digital media and platforms to promote products and services. Its development during the 1990s and 2000s changed the way brands and businesses use technology for marketing.
Call to action (marketing) Call to action (CTA) is a marketing term for any design to prompt an immediate response or encourage an immediate sale. A CTA most often refers to the use of words or phrases that can be incorporated into sales scripts, advertising messages, or web pages, which compel an audience to act in a specific way.
Frito-Lay Frito-Lay is an American subsidiary of PepsiCo that manufactures, markets, and sells corn chips, potato chips, and other snack foods. The primary snack food brands produced under the Frito-Lay name include Fritos corn chips, Cheetos cheese-flavored snacks, Doritos and Tostitos tortilla chips, Lay's and Ruffles potato chips, Rold Gold pretzels, and Walkers potato crisps (in the UK and Ireland).
Composite construction Composite construction is a generic term to describe any building construction involving multiple dissimilar materials. Composite construction is often used in building aircraft, watercraft, and building construction.
Risk Factors
ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES INC Item 1A Risk Factors Our business is subject to a number of risks, including but not limited to the following: We have a working capital deficit At December 31, 2005, we had a working capital deficit of dlra687cmam039 and at December 31, 2004, we had a working capital deficit of dlra3dtta5 million
The working capital deficit is the result of previously incurred losses from operations, our decision to finance capital projects with cash generated from operations, and our need to fund rapid growth in sales
We may be unable to secure an adequate quantity and quality of raw materials at economical prices The largest component of our raw material costs is scrap polyethylene
The price that we must pay for these materials is related to the market prices of natural gas and petroleum, which have been rising and volatile in recent years
Our future profitability is contingent on us being able to manage raw material costs under these circumstances
6 _________________________________________________________________ [62]Table of Contents The loss of one or more of our key customers could cause a substantial reduction in our revenues and profits We could be materially adversely affected if we were to lose one or more of our large existing customers
Our principal customer for our decking material is Weyerhaeuser, which accounted for 77prca and 81prca of our sales in 2005 and 2004, respectively
A few large door and window construction companies have historically purchased substantially all of our industrial component products
A loss of any one of our large customers would adversely affect our sales and profitability
If we are unable to comply with certain debt covenants, our financial position and operations could be adversely affected The bond agreement contains financial covenants, which include a current ratio of not less than 1dtta00 to 1dtta00 and a requirement that not more than 10prca of accounts payable be in excess of 75 days past the invoice date
We were not in compliance with these two covenants at December 31, 2005; however, these covenants were waived by the bondholder as of December 31, 2005 through, and including, December 31, 2006
There is no assurance that we will be able to comply with these debt covenants in the future, or that the bondholder will waive or modify the covenants in the future
If we are unable to comply with the covenants or obtain a waiver or modification of the covenants in the future, then the bond debt, currently in the amount of dlra12dtta9 million, could immediately become due and payable, the bondholder could foreclose on the property used to secure the debt, and the bondholder could claim our revenues pledged as part of the bond agreement
Restrictions regarding increased manufacturing capabilities could restrain our business growth We increased our sales by dlra23dtta7 million in 2005, dlra20dtta1 million in 2004 and dlra2dtta1 million in 2003, the year in which there was a fire that temporarily shut down our Junction, Texas manufacturing facility
Our products have seen significant growth, and our customers have significant established expansion plans
Our primary customers and markets are large, and continued sales growth will require significant capital expenditures for additional production equipment and manufacturing facilities
Although our goal is to become the number one composite producer in North America, there is no assurance that we will be able to secure the necessary financing, attain the necessary operational execution, or that the equipment and facilities will become operational in a timely manner to meet that goal
Our growth is limited by the availability of human capital resources Future profitable growth will require us to recruit and retain qualified associates
We compete with many larger companies in the labor market, many of whom offer more attractive compensation packages than we are able to economically provide
Though we have adopted equity compensation plans to aid in our efforts to recruit and retain qualified associates, the accounting treatment for those plans results in a reduction in our earnings
Declines in construction activity may adversely affect our business Our products are sold in the home improvement and new home construction markets
These markets are subject to significant fluctuations in activity and to periodic downturns caused by general economic conditions
A slowdown in construction activity could have an adverse effect on the demand for our products
Fire disruptions may adversely affect our business Our raw materials and manufacturing processes involve a greater than average risk of fire loss or disruption
Through the Company’s history, we have experienced several fires, some of which severely disrupted our manufacturing operations
There was an accidental fire at our Junction, Texas facility in March 2003, which caused substantial damage and temporarily shut down plant operations
Although we have increased security and increased fire protection equipment at our facilities, another major fire could occur and materially adversely affect our operations
7 _________________________________________________________________ [63]Table of Contents Covenants in our bond agreements could restrict our ability to borrow, which could impair the improvement and expansion of our operations Certain covenants in our bond agreements restrict the types and amounts of additional indebtedness that we may incur, including a requirement that, with certain exceptions, we may only incur additional indebtedness to the extent it would satisfy a debt incurrence coverage ratio of 250prca of income before interest, taxes, depreciation and amortization to debt service
Those restrictions could inhibit our ability to improve and expand our current operations
Additionally, our ability to secure adequate working capital to support our day-to-day operations as we grow could be limited by the covenants in our bond agreements
Future sales of shares could be dilutive and impair our ability to raise capital The conversion of a significant number of our outstanding derivative securities into Class A common stock could adversely affect the market price of the stock
There are currently warrants outstanding for 9cmam176cmam242 shares of Class A common stock at an average exercise price of dlra1dtta05, and options outstanding for 3cmam688cmam130 shares of Class A common stock at an average exercise price of dlra1dtta01
The exercise or conversion of a material amount of such securities will result in a dilution in interest for our other security holders
The convertible securities whether converted into stock or not, could impair our ability to obtain additional capital because of the potential for dilution
The high growth rate in demand for our products will eventually slow The demand for our decking products has increased rapidly over the past three years due to growing consumer awareness of the benefits of composite decking and the marketing efforts of our customers who sell our products to end users
As annual sales of composite decking increase, it is likely that the growth rate of our decking sales will slow