New Generation Biofuels (fka NGBF)

[Richard2]

Well... guess we knew it was coming.

[Renee]

NGBF revoked:

http://www.sec.gov/litigation/admin/2013/34-69112.pdf

[Richard2]

Bingo

[MoneyMark]

Is this company out of business, or what? Is there any value left in the stock?

[Kiwitech]

Is this in regards to a different stock? How does this platform trading work? Is it for anyone?

[Richard2]

Sounds like there is huge potential.

[McWubbin]

Yes, but the platform is the real value it can be used for broader purposes - serving the 500,000 eBay stores or gathering of materials for manufacturers.

[Richard2]

And it's ready to go public?

[Kiwitech]

Looks good

[McWubbin]

www.US-BX.com

The platform can be used for other purposes too.

[Richard2]

Stock still trades too. What do you have on mind?

[Richard2]

XLPI, no SEC restrictions, company is no longer operational.

[McWubbin]

Looking for a shell with equity trade. Any ideas?

[Richard2]

It's ashame really, but guess the run with the emulsified biofuels is over.

[Kiwitech]

Also if you call the former director of investor relations, he says he no longer works for the company and cannot comment on any info. It looks as if a shell can be placed as soon as soon as the settlement is over on jan 10.

[Kiwitech]

I think the sec has a hold on it tell the settlement is finished.

[Richard2]

From my dd I would say the shell is available. What info are you looking for?

[McWubbin]

Hi Guys,

Does anyone know how to get ahold of this company? Is the shell available?

Thanks!

[Richard2]

Someone may acquire the shell and maybe our stock will be worth something one day. If you're looking for renewable stocks you may want to check out CPWY. Good luck and happy holidays.

[Kiwitech]

Thanks for the info. Hoping this one would be a good one. Looks like the natural man got the better of this company. It is what it is. Thanks and have a great Christmas!

[Richard2]

What money, the company is defunct so there is no one to have the trading suspension lifted. Quotation may resume on the grey market, but, being that the company is defunct, what value do the shares have? The market cap will probably reflect the last quotation before the trading suspension, but it may just go to zero and disappear.

[Kiwitech]

That sucks! Do you know what happens to the money in the market cap? It has to go somewhere....

[Richard2]

No, you might as well just write this one off as a loss on your taxes.

[Kiwitech]

So are we able to get the cash amount the sec froze it at?

[Richard2]

We're fucked. The SEC has saved us! Now we have worthless shares that can't trade. This company has been dead for two years, now the SEC comes to save us. Washington bureaucracy at its best.

[Kiwitech]

What happens to shareholders?

[janice shell]

Yes, this one's finished. But it seems the real action in it was a year or more ago...

[Renee]

Nice resolve by the SEC. This stock is toastados as it should be.

[janice shell]

And there's litigation, too:

http://sec.gov/litigation/litreleases/2012/lr22578.htm

AND they're going for revocation of registration:

http://sec.gov/litigation/admin/2012/34-68508.pdf

[Renee]

NGBF SEC Suspension:

http://www.sec.gov/litigation/suspensions/2012/34-68507.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2012/34-68507-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2012/34-68508.pdf

[OCKHAM'S RAZOR]

100k block buy @ .004
:)

[Richard2]

Not familiar with the 2nd. As far as I can tell we have no operations. Wonder what's going on.

[OCKHAM'S RAZOR]

Been thinking that if NGBF is no longer or WTAR?

[Richard2]

Someone acquiring the public shell maybe?

[OCKHAM'S RAZOR]

Resistance around .0047

[Richard2]

And back when the Democrats controlled Congress and the White House, we couldn't even get any meaningful extension of the biodiesel tax credit. I wouldn't become very bullish here due to his reelection.

[OCKHAM'S RAZOR]

Obama wants BIOFUELS!

[OCKHAM'S RAZOR]

NGBF * 300k block @ .002

[Lucky_Charm$]

i dunno, been watching for a bit though

[Richard2]

Anything going on here, or has this company finally bit the dust?

[ClarkKant]

Yeah this just came up on my scans of biofuels. When they hired the new CEO after he ran the last company in the ground was there really any hope? Sorry don't remember the names but this is to bad especially with a somewhat promising product and patents.

[Richard2]

Management broke this company a few years ago to the point that no one could bring it back. Oh well, maybe a R/M in a few years.

[ClarkKant]

Website was taken down recently.

Move on. Nothing to see here. :)

[Richard2]

Check out CPWY everyone, they have a similar market, but a much better financial footing and wider product base. However, it is also in the bargain basement right now. This may come back, but not right now. I don't even see a chance at all without the tax credit.

[valleyview]

sure looks that way. sad to see ... i believe with a good team on board this could have been something.

IMO.

[Zunobira]

Game Probably Over
Heading to zero.

[Richard2]

management just can't get their shit together, the last management team ran this company into the ground, this was a Nasdaq stock, I can't say it ever will be again unfortunately

[tonykool]

Done dadda!! Ngbf is donzoo at least for me I'm.done with this company's sketchy bullshit! Sold this morn and wont be getting back in. Lesson learned for me..

[RF118]

Is there more news coming ? anyone ? anyone ?

[tonykool]

News?? Thought we were expecting fins or at least something? At least its again in p.land for the moment..low volume