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12/04/09 4:16 PM

#1410 RE: recolect #1409

biofuel -- what's your idea of what's coming?

(1) when do you expect the POR will be released?
(2) what's a fair market valuation for AVRNQ?
(3) what pps do you think the shares will trade after POR is released?

The EPA's decision to delay the E15 ruling until mid-June was disappointing, but ethanol demand and prcing remains strong even without it. The comparables (BIOF, GPRE, PEIX) have moved up nicely over the past week or so. All good news for AVRNQ.