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BioFuels Energy Corp. Message Board

  • traderxyz009 traderxyz009 Apr 3, 2012 8:02 PM Flag

    SHAREHOLDERS WILL VOTE AGAINST THE REVERSE SPLIT.

    Nothing to get excited about the shareholders will vote against the reverse split, it is not the answer. Biofuel will make it without r/s that is why. 2 good quarters of earnings plus biof is on the e-15 list of companies. The company decided on the r/s before the good news came in about e-15.

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    • I hope you are right. If peix can go above a buck biof should too , particularly now since they have E-15 approval as supplier. What if they fix the votes. Don't you have to be there in person to cast a vote ? There is no absentee ballot that I could see. How many shareholders will be there to say otherwise ? And what about the price of the stock in the meantime ? the vote isn't until may 24th. That's a long ways away. We will know by april 16 if we don't go up above a dollar. Why take a chance then when the voters could knock it down and force delisting. I think we should go up by the 16th.In after hours today it went to .60 and the bid is now like .56. Crazy, on good news.

 
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