Sunday, November 10, 2013

Algenol Cancels Plans for $500 Million Algae-to-Ethanol Facility

luxresearchinc

We are skeptical of Algenol’s ability to raise the necessary capital to move forward with its first production facility. In this space, a company blaming the government is an all-too-common red flag, indicating a doomed company looking to push blame away from themselves, and clients should view such proclamations with caution. 

Puts that last post into some perspective.

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