Earth Biofuels, Inc. (NASDAQOTCBB:EBOF.OB)
The principal business of the Company is the production of pure biodiesel fuel (B100) and the distribution of petroleum/biodiesel blended fuel (B20) for sale through the Company's network of wholesale and retail outlets.
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TMFBent
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will continue to struggle
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This stock is going further down.
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"Alternative Energy" start-up that saw a spike during the recent alt energy craze---has since returned to nearly where it belongs-on the blvd of broken companies. Me thinks a roster of celebrities on the Board won't prop this one up.
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I picked this one before and somehow it got eliminated from my list but the story is still the same Short
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Riding downwithpumpers' coattails.
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Herd mentality
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Yet another company in a new, still overvalued sector losing money and surviving only by selling stock and borrowing money. And when a company is priced 83 times its assets (as this disgraceful company is), I usually consider the company overvalued, especially if it is losing more money every year, gaining liabilities, has decreasing margins, and has a very small amount of cash. And did I mention that the company has negative book value?
Good grief, use common sense and you'll know this company is INSANELY overvalued. Simply yet another biofuel company that will plunge huge amounts over the next five years.
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With the decision to not only make biodiesel and ethanol but to open Earth Biofuels filling stations across the country, EBOF is poised to be the leader in alternative fuels over the course of the next couple of years.
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