InvestorsHub Logo
Followers 63
Posts 6284
Boards Moderated 1
Alias Born 02/09/2007

Re: richbob post# 4896

Saturday, 10/31/2015 10:50:41 PM

Saturday, October 31, 2015 10:50:41 PM

Post# of 6407
Nope, a Letter of Intent is all that was stated.

No definitive offer of financing was ever signed.

Big difference ....... HUGE difference

Like I said before, they walked away after a detailed inspection of the process numbers and engineering specs

Just like everyone before has done

Even with "negative cost feedstock" (paid to accept waste cellulosic materials), the process isn't economically viable

All the wishing and hoping can't change physics and economics

Ethanol, including cellulosic, is being produced comercially using other processes that have better economic fundamentals.

BFRE is a dead stock still trading like a "dead man walking"

It's all in my sticky post from a while back
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109493778

spec

- Foglifter -

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.