sale of oil cleaning plant

TOx has finally settled the sale terms of its portable oil tank cleaning plant. This deal almost sent TOX bankrupt and why the shares fell to under one cent last year. On an annualized basis the sale will improve profitability by around $450,000 pa (as it falls immeadiately to the bottom line). Debt reduces by $300,000 as well and frees up an additional $200,000 for re-investment. Looks like the buyer may also send TOX additional oily wastes to process. Good work TOX.