ESYM...should have some news coming soon. In May they signed a management agreement with Global Ethanol and hired Trevor Bourne as their new CEO...he is also the CEO of Global Ethanol....
This is an excerpt from their latest 10Q for: THE FISCAL QUARTER ENDED MARCH 31, 2009:
"We are specifically focused on the acquisition of distressed renewable fuel production assets, with an emphasis on first generation corn ethanol production facilities. We believe that we have an opportunity to establish EcoSystem as a central player in the renewable fuels industry by leveraging our technology portfolio to consolidate assets at a time when anemic margins and the challenged financial markets have converged to discount valuations to as low as 40% of cost. We have recently entered into a management services agreement with Global Ethanol, LLC to facilitate execution of this model.Global Ethanol, LLC operates two corn based ethanol plants for a production total of 160 MMGY located in Riga, MI and Lakota, IA. The company is experienced in construction, start-up, and operations and maintains a strong differentiator of all internalized functions and services with collective experience in ethanol production, plant management, grains procurement, ethanol marketing, risk management and project development."
....maybe the 2 companies have something huge planned for the future....
05/07/2009 (13:45 ET) EcoSystem Executes Management Agreement with Global Ethanol - Business Wire
05/11/2009 (10:11 ET) EcoSystem Appoints Trevor Bourne to Board of Directors - Business Wire
05/14/2009 (22:55 ET) EcoSystem Signs Management Pact with Global Ethanol - Close-Up Media
05/20/2009 (00:21 ET) EcoSystem Names Trevor Bourne to Its Board - Close-Up Media
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