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The Company is considered development stage as its only asset is its investment in Energy LLC. The Company's plan is to become an ethanol producer in the United States.
Somehow, this company is trading at a discount to shareholders' equity. However, with only 230 million gallons of ethanol capacity, tons of debt, and little cash, this company has very little to look forward to. I don't see how they can compete with the numerous other EtOH producers with a higher capacity, better distribution network, and more customers. This short-term pop from the long overdue RFS2 mandates for 2013 will not be sustained.
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