A so-called clean-tech company, BioNitrogen was set up to produce fertilizer out of agricultural waste instead of using…natural gas. The company estimated debt of $3.5 million and assets worth from $1 million to $10 million, in papers filed in the U.S. Bankruptcy Court for the Southern District of Florida.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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