Biofuels Corp struggling . . .
Biofuels Corporation Plc has had a torrid few weeks;
Shares suspended from trading during negotiations with Bankers and Equity Providers over funding
Restored to trading today and then a massive 32% drop in the share price in one day to 100.23 from 149.5.
All this has been happening while the Government recently announced a new biofuels obligation which should be doing the sector no end of good. The company's website says "Our strategy is simple, deliverable and profitable" - but it really doesn't look like that right now . . .
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