NFL have made it clear in their EGM that glycerine production will only REDUCE FIXED COSTS. This statement was also confirmed by an Lonergan Edwards & Associates. There is NO mention of a profit whatsoever.
The company is in need of substantial additional funding just to remain as a going concern, feedstock prices are going through the roof, consumer sentiment for biodiesel is mixed and you think they are close to making a profit?!!
Maybe YOU need to read the EGM again - you must have missed bits.
BGC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
