Evolution Biofuels: Same Junk, New Name
Remember the rot that was Earth Biofuels? Remember how CEO Dennis Mclaughlin issued a spirited non-rebuttal to my criticisms?
Well, for some reason I was moved to check in. (Came across that hilarious letter in my files.) This thing now trades for, well, take a look. Four ten thousandths of a cent?
McLaughlin and his crew have done exactly as horribly as expected. Worse, actually.
Beware the name change, though. It's "evolution" biofuels now. Devolution is better.
The financials are still rancid. Remember, McLaughlin and co. pumped this thing up to $3 a share before the bottom fell out and reality hit.