hartleys backyard i hear?, page-26

ATC is where they need the money (for purchases of feedstock, operating costs, etc).

There's little point in the parent company holding a large cash reserve because they have no use for it.

So HAZ would have more cash than shown in their quarterly. Except, it would be held off book in ATC.

It looks like they paid $65k interest (12.5% @ 90 days). At 10% margin, they'd made around $150k on it in the 3 months.