Sunday, November 20, 2011 8:29:08 PM
I was just responding to your comment after having read something from Augusta on ORIONS board:
AugustaFriends Share Sunday, November 20, 2011 1:57:02 PM
Re: interloper post# 151143 Post # of 151779
Biofuel Energy Corp. (BIOF): BIOF is a holding company engaged in the production and sale of ethanol and distillers grain in NE and MN. Insiders currently hold 24.8 million shares or 23.9% of outstanding shares. Last week, Cargill Biofuels Investments LLC, 10% beneficial owner of the company’s shares sold 1.2 million shares, ending the week with 10.2 million shares. This is in addition to the 1.1 million shares that we reported Cargill sold last week. Overall, insiders sold a total of 2.3 million shares in the past three months, and a total of 6.5 million shares during the past year (buying none). BIOF shares, along with its peer ethanol play Pacific Ethanol Inc. (PEIX) have been surging recently, both up more than five-fold in the last two weeks, so the sale by BIOF insiders last week could be interpreted as a sign that insiders may not be as sanguine about the company at current prices.
http://seekingalpha.com/article/309074-basic-materials-sector-analyzing-noteworthy-buys-and-sells-by-insiders-last-week?source=yahoo
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