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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.
So lets get this straight... the company produces ethanol, a product that consistently has shown it creates poor margins. BIOF lost over 6M dollars last quarter and shows no sign of profitability any time soon. The reason it rallied 800% is based on a decision expected by the EPA regarding the addition of more ethanol to gasoline yet that decision has been moved off at least six months plus. We have a pretty cut and dry case here folks of once again...show me the profit. Unless your name is Archer Daniels Midland, your ethanol production line is just a fancy word for I lose money for a living. Grotesquely overvalued at these levels. Have fun with that 261M in debt as well....UltraLong
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