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Re: Frankiy post# 4236

Tuesday, 04/17/2012 10:32:21 AM

Tuesday, April 17, 2012 10:32:21 AM

Post# of 5310
FUEL $0.3035 Bk-Play , "On its bankruptcy petition, the company cited debt of $25 million and assets of $37 million."

$12M/ 8.59M shares = $1.39 per share value

Caution: "According to the Wells Fargo letter, one of the conditions prompting default was the existence of a 'government investigation' but no further details about the investigation were disclosed."
http://www.bizjournals.com/southflorida/news/2012/04/16/wells-fargo-default-prompts-smf-energy.html?ana=yfcpc

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