BIOF's plants are worth about $1.50 per gallon of capacity. Debt is roughly $180 million. If they sell the MN plant, they would be nearly debt free and profitable. Don't count BIOF out. They have very valuable, undervalued assets and are making a profit again. The seeking alfa article is written by a moron. BIOF has made profit in the past. Several other points he made are way off base.
It is to risky buy at this point, I think Monday will be some news, do they found a buyer already? Who will buy this plants now from BIOF if they can buy it cheap later from the bank as a foreclosure property ? Why they just don't use the money from the profit to do some down payments, why they didn't any before and put the company on this position?