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Stock Prophet, I think it is just a

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richbob   Thursday, 04/23/20 02:04:56 PM
Re: Stock Prophet post# 6380
Post # of 6407 
Stock Prophet, I think it is just a matter of time now, before they halt trading BFRE. Arnie Klann's Son, Richard, called all business partners and Facebook friends nearly two years ago now, saying they will not be able to continue now that the DOE has reneged on their remaining original offer of financial aid, plus the S. Korean deal with their SucreSource subsidiary was never constructed to produce "sugar" for GS Caltex to make their own ethanol and/or other products available from that raw material. He said all Engineering and Business Employees had also resigned, and that Richard himself had just gotten another job.

I personally sold off my remaining investment in BFRE about 4-5 years ago, after taking a huge loss, and losing my confidence that it could succeed. I do feel it is a good technology, but their problem was financing ability to build the very expensive plants.

I noticed someone just bought a million shares at a slightly higher price, so there must be a few investors still interested in this company. I was hoping Arnie could merge with or get bought out by a big energy company, but he never got anywhere with that approach either.

So, as I said above, it is just a matter of time before this stock is discontinued, and the negative people here will almost surely wind up being right.

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