Green Energy Resources orders share buyback after shares fall 50 percent in ‘08 despite profits, dividend

In New York, Green Energy Resources ordered a share buyback after share prices have tumbled by more than half in 2008 despite four years of consecutive profits, issue of dividends in the last two years, projected sales growth of up to 20 percent and no debt. The company supplies wood fiber for ethanol, co-firing with coal for power generation. The company said that it would buyback up to 3 million of its shares, which are currently trading on the Pink Sheets at $0.06.

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