I have been watching another pink that traded at sixty cents yesterday with zero sales and revs. Their O/S is 94 mil and Float is 73 mil. vs the XPGH O/S of 64 mil and around 25 mil float. Seems kind of crazy to me.
I did read somewhere that at this time Biofuels are out of favor with investors. Wish I would have saved the article. Anyone else know what the sentiment is for biofuels right now?
I also agree with Makecents post #3845. The cost of sales is high because XPGH isn't making its own fuel and sub contractors look to be taking big share of sales revs. If Parsons can pull off the Gen X Energy deal that would help XPGH keep some of it profit.
It's probably going to cost a few bucks to get listed on OTC. So, these one time start-up of costs look to be far from being over.
Still, XPGH is moving in a positive direction and agree with others this stock is here to stay. I too have been adding shares while its been here at this price.