A pennystock company based in Las Vegas that's been trumpeting biofuel-from-algae has been making announcements lately that are even more oddly mixed by its own bizarre standards.

AlgoDyne Ethanol (OTCBB: ADYN) touts a microalgae-based (phytoplankton) technology that "provides a powerful means to produce clean, renewable energy from the continual harvest of bio-mass from Photo-Bioreactors. The end result is the production of ethanol, methanol, biodiesel, electricity, coal and animal feed—all in a carbon dioxide neutral way."

Last week, it trumpeted the fact it was buying thousands of acres of land in the Canadian province of Saskatchewan, with the intent of growing crops for ethanol. It even claimed to have closed on 800 of those acres.

Today, it issued a statement that—oops! We didn't get the land after all!—and blamed the provincial government. Now it's no longer going through with any part of the multi-thousand acre purchase.

It begged the question, what would an algae company want with farmland? In a release March 16th, the company claimed it would "grow crops to supply the ever increasing demand for ethanol." No mention of algae. No talk of bioreactors. Crops. The dirt kind.

We also wondered what a biofuel-from-algae company would want with fuel cells. The company issued an announcement last December seeking partnerships in the Direct-Alcohol-Fuel-Cell (DAFC) business, claiming to have "devoted substantial development resources to DAFC research."

Then there's the company's scheme for harvesting algae blooms from the ocean and turning them into ethanol. That was the kicker. The best minds in the world are still grappling with turning algae into biodiesel, let alone ethanol (yet.)

So, let's recap. AlgoDyne is dabbling in:

• Growing crops for ethanol production
• Fuel cells, and
• Biofuel from algae

If Richard Ritter Von Raffay, President of AlgoDyne, would only consider getting into electric vehicles, solar and geothermal, too, say, we'd be happy.

Heck, if we only had one company to write about, our lives would be so much easier. We could ignore all those other pesky vendors.

AlgoDyne has a $1m round open, according to an announcement made by the company a few weeks ago. Caveat emptor.