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Evolution Biofuels: Same Junk, New Name

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June 01, 2009 – Comments (3)

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.

earth biofuels

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3 Comments – Post Your Own

#1) On June 01, 2009 at 3:40 PM, dbjella (< 20) wrote:

How could Willy and Morgan be so wrong :( 

I really liked Morgan in Shawshank Redemption, but then he followed that up with Hard Rain....ew what a stinker.

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#2) On June 01, 2009 at 4:41 PM, FoolishChemist (97.42) wrote:

Yet another company you destroyed :-)

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#3) On April 01, 2010 at 12:24 AM, skipoff (< 20) wrote:

He actually pumped it up to over 7 per share.  But get this....us stock holders had to pay a twenty dollar reorganazation fee.  So I basically had to pay 20 to lose my 21k....how nice is that...

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