sale of beatrice biodiesel, page-33

Well i said that the rest of the projects are worthless. Basically that the debt in Aus cancels out whatever value lies in Europe. Even if there is no debt in Aus, i'm still skeptical as to the value reported for the euro operations.

Since we haven't seen any "nuts & bolts" in Europe or anything else tangible, for that matter, i stick to claim that a conservative valuation should be between 18 an 22 cents per share.