It looks to me like Syntroleum can continue to have problems if they do a dilutive financing and they dont expect to make any revenue from their facilities for the "near future".
So why wouldnt they want to sell it off to raise some CASH or merge with BLDV to gain access to Belize cahoon/cahune palm nut oil stocks at a time where rising beef/chicken/soy/corn stocks are rising?
Still, as promising as this sounds, a lot of words are in the future tense when discussion ensues. words The biodiesel products this company will produce are still quite a way off, and the company admits in its SEC filings that it doesn't expect to realize any significant revenue from its facilities for at least the "near future."
The lack of revenue keeps some investors cautious on this company, even if the end product might be useful. For example, CAPS player adallik sees problems if Syntroleum has to go back to the credit markets to raise money during a time of illiquidity: "Syntroleum's near-term revenues are not enough to cover operating costs, requiring the firm to find new revenue and funding sources. A weakened credit market could hamper the company's ability to raise funds and delay projects."