There are numerous producers of biofuels that produce north of a billion gallons of ethanol a year that don't see the need to retail, think ADM and Cargill. There is a well established market to sell ethanol if you are indeed capable of PRODUCING it.
To think that you'll have to first establish retail outlets before you commence production is ludicrous, given the required logistics network it takes to bring YOUR biofuels to YOUR stations. Especially if you think about the fact that the only "planned" facility that actually belongs to the sister company EVLN is in Washington State. Makes a lot of sense to truck that stuff to Kansas, doesn't it?
How come noone has enough common sense to notice that this is just a loose combination of dreams, prayers and pieces that really don't fit together? I still struggle that a company would be willing to provide EVFN financing, given that previous creditors just settled for mere pittances compared to the amount owed. That's the equivalent to someone receiving $1 million in new home financing a second after the bank foreclosed on their existing home.
If there ever will be such a thing as "Big Biofuels", I am pretty certain it won't come from a company that has little to no cash and no actual operating experience in this space to its name. Let's not forget the checkered track record. We can argue about nuances of Aurora, Apollo, EBOF and how the original $50m of cash was wasted in failed projects, Durant etc, but fact is none of them succeeded and all of them left shareholders with a very bad taste in their mouth.
If this were such a slam dunk, why wouldn't an established player jump on it? There are billions of private equity and corporate dollars looking for growth opportunities, but the bright minds that run these operations somehow missed out on this sector?
Let's not forget, there's a reason this company traded at $0.0001, performed a reverse split and saw it's market value erode another 90%, give or take the daily fluctuations.
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