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Thursday, November 11, 2010 6:22:22 PM
Forbes is digging deep into Earth Biofuels, the company that brought BioWillie to the market. According to a story in the latest issue, Earth missed a deadline for finding $80 million in financing to restart an ethanol plant. Based on financial reports, the company had just under $42,000 in cash last September. But that's not all that concerns Forbes. CEO Dennis G. McLaughlin III apparently hasn't been disclosing his "colorful background" that includes lawsuits and a company bankruptcy. Forbes also questions some insider transactions.
http://green.autoblog.com/tag/Dennis+McLaughlin/
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