Replies to post #60036 on Zenergy International Inc. (ZENG)

[Mr Wizard a1a]

Apparently I do.."you know some thing the rest of us are not aware of ?"

The maker of the equipment at the plant is BioKing - a bankrupt and gone company. The technology is batch - old tech.

The biodiesel industry shows production this year to be about half that of LAST year. The export market for biofuel is gone - several quotes on this, the subsidies expire in two weeks. Two thirds of the production capability is idle. The projections are three years, if ever, for recovery.

[Mr Wizard a1a]

Looks like a RED day. 8% DOWN. 3 million volume.
Sure glad I did not get caught in that .038 slam dunk they pulled last week. Sell now, sell later.. BUT SELL SOON--that is the question!

[Mr Wizard a1a]

Capacity is no help! Intentions to double capacity - even less. Nothing new of any value in the PR - FLUFF.


Quote:
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Two-thirds of U.S. biodiesel production capacity now sits unused, reports the National Biodiesel Board. Biodiesel, a crucial part of government efforts to develop alternative fuels for trucks and factories, has been hit hard by the recession and falling oil prices.

Earlier this year, GreenHunter Energy Inc., operator of the nation's largest biodiesel refinery, stopped production and in June said it may have to sell its Houston plant, only a year after politicians presided over its opening. Dozens of other new biodiesel plants, which make a diesel substitute from vegetable oils and animal fats, have stopped operating because biodiesel production is no longer economical.