In Massachusetts, auditors for Verenium expressed doubt “uncertainty in our ability to continue as a going concern” in a 10-K filing with the SEC. The company has accumulated a deficit of $437 million to date, and a cash shortage looms despite $174 million in private placements completed in 2006 and 2007. The company said that “if we are unsuccessful in raising additional capital from any of these sources, we may need to defer, reduce or eliminate certain planned expenditures, restructure or significantly curtail our operations, file for bankruptcy or cease operations.” The company, which has lost $108 million in the past year according to press reports, is seeking up to $90 million in government grants to support its cellulosic ethanol research.
Top Story:In Indiana, the future of the "BioTown USA" of Reynolds is troubled, according to an Associated Press profile. The town's nickname is drawn from a 2005 plan to become the first US town to dr...
The Willie Nelson-affiliated Earth Biofuels, in its latest SEC filing, expressed doubt over its ability to survive....
AUSTIN, Texas--(BIOFUELS DIGEST NEWSWIRE)--SmallCapVoice.com, Inc. today announced that a new audio interview featuring John Rivera, Chairman of Sustainable Power Corp. (the Company) (Pink Sheets:SSTP...
Ben Whitford, in Plenty magazine: "It turns out that the Straight Talk Express is a flex-fuel vehicle: when the going gets rough, John McCain is willing to fill up on ethanol in order to keep his drea...
Two Philippine-China biofuel farming deals collapsed this week, but Philippine Agricultural Secretary Yap will continue with his planned China trip. The Shanghai trip is to encourage further biofuels ...
Senator Chuck Grassley of Iowa: "Besides the fact that the ethanol tariff is perfectly in line with WTO obligations...Brazil has yet to even take advantage of exporting ethanol duty-free to the United...
