InvestorsHub Logo
Followers 7
Posts 368
Boards Moderated 0
Alias Born 01/25/2008

Re: Zorax post# 18011

Thursday, 08/14/2008 9:02:01 AM

Thursday, August 14, 2008 9:02:01 AM

Post# of 100423
Memphis Biofuels is "A REAL COMPANY"... I don't think so.

Your link provided information on Memphis Biofuels regarding their fast start up, but it seems they haven't done so well since then.

This techy article from ISA is written by a representative of CCA, who supplied Memphis Biofuels with their state of the art machinery and processes (DCA). However, a real company would be making money, right? I couldn't find anything on their financials.

I did checked their website which appears to be stuck in 2006 when they started up...

http://www.memphisbiofuels.com/about-memphis-biofuels.htm

http://www.globalspec.com/FeaturedProducts/Detail/HydroDynamics/Memphis_Biofuels_Runs_On_ShockWave_Power/50184/0

Looks like this company is spending some time in court with contract disputes. I bet these court actions against partners have been costly, both directly and indirectly.

http://www.memphisdailynews.com/editorial/Article.aspx?id=36345
http://www.memphisdailynews.net/editorial/Article.aspx?id=32993
http://dockets.justia.com/docket/court-tnwdce/case_no-2:2008cv02146/case_id-49870/

There's a September 2007 article that says Memphis Biofuels was operating at 15% capacity based on feedstock problems.

http://www.commercialappeal.com/news/2007/Sep/07/b7diesel/

Memphis Biofuels may be a real company, but they've got some state of the art problems.


"Opportunities are best viewed through the eyes of a tiger"