Replies to post #35186 on Zenergy International Inc. (ZENG)

[Mr Wizard a1a]

Zenergy plans $37.5 Million plant in California

Zenergy has no plants, no biofuel, no business. It plans, according to SEC files, to sell stock to finance its first plant in California. But this may not be a good idea for stockholders.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39276962

The Company anticipates the cost for its first project, a Bio-diesel plant in California to be $37,500,000. The components of this investment are $9,000,000 for property and $28,500,000 million for Machinery and Equipment. Zenergy may not be able to obtain such additional financing or, if obtained, such financing may not be on terms favorable to Zenergy.

Sales of substantial amounts of the Company’s currently outstanding shares could adversely affect prevailing market prices of the Company’s securities and the Company’s ability to raise additional capital:

The availability for sale of certain shares of Common Stock held by existing shareholders of the Company after this offering could adversely affect the market price of the Common Stock.

Just how many Authorized Shares are available for sale by the company? Zenergy IR indicates Outstanding Shares = Authorized Shares.

[StockInsider]

NOT TRUE >> "It's a start up." <<< It appears they have been in "business" for over three years and are SUPPOSEDLY going to produce "biofuels" SANS a production facility....

THEY WILL NEVER BUILD A PRODUCTION FACILITY...