Geobio Energy (fka GBOE)

[Chance To See]

I’m no longer clear about this $20 million.

Originally I thought they could raise $20 million by issuing bonds backed by the State. Some on the board seem to be implying that the State will loan them $20 million directly.

Now I’m not even sure of the amount. The comment about it in today’s PR makes it sound like the whole program is for $20 million, not that GBOE will have access to the full $20 million.

“PCT has already announced its involvement with the State of Wisconsin and the City of Fond du Lac in a $20,000,000 municipal bond program geared toward business development and job creation within the state.”

Does anyone have clarity on this?