Yep! That is Correct. Company doesn't even have a current operational ethanol plant yet. They may also post another loss when every they do open their new plant. Stock should be trading for $3.00 per share and up to $5.50 per share once the first ethanol plant comes on line. Anything else higher is pure speculation with no substance.
Yes. I just look them up they are on the pink sheet. Can't believe they traded over 90,000 shares today. Your right about Cargrill would never invest in a company that wasn't serious about ethanol. Both companies need each other.
its not a scam company , Cargill invested 10 mil and some wall street hedge funds invested millions more than that ,,, is the company you mentioned listed on a stack exchange ? Biof fuel is listed on Nasdac ..
well i dont think its quite that bad , biof has two 110 mmg per year plants coming online first quarter next year , they cost about 270 mil for both of them , plus rail car contracts and other improvemants to properrty and plants i would say there is some value . plus 60 mil in cash and a stock repurchase program inplace for 7,5 mil .. red