Monday, May 12, 2008 1:25:57 PM
I went over statements in the article regarding having made offers to three biodiesel plants in the United States and that soybean prices having halted a number of plants in the U.S. It mentions the higher production costs associated with soybean oil.
There's also the statement, " We have known all along that controlling our feedstock production would be the key to our profitability and sustainability. For this reason, we have worked tirelessly to establish ourselves in Belize and to implement cooperative agreements." Therefore, it makes sense to me that BLDV could be buying a closed biodiesel plant in Oklahoma.
Here's just one possibility in this bankrupt company where the money owed appears to be low:
http://newsok.com/article/3166812/1194577536
http://www.biodieselmagazine.com/article.jsp?article_id=1978
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