Submitted by InterestedReader on November 15, 2006 - 3:48pm.
You'd think this company would have learned its lesson from the drubbing it took earlier this summer.
Cellulosic ethanol will eventually be commercialized, but likely not by a company that just recently jumped into the game with essentially no experience, and then doesn’t invest heavily into R&D. Sharesleuth.com didn’t think so either, hence their investigation.
Some companies just capitalize on hype to fleece investors.
There's a chance Xethanol COULD produce cellulosic ethanol, but I doubt at a price that would be even remotely competitive.
To reply to your comments,which are very reasonable... we ...
"Your cellulosic ethanol webinar was timely, informative and very well done. There was a great deal of very good information. I have circulated it to a number of associates."
— David Jopling, Public Service Commission, State of Florida
Up to same old tricks
You'd think this company would have learned its lesson from the drubbing it took earlier this summer.
Cellulosic ethanol will eventually be commercialized, but likely not by a company that just recently jumped into the game with essentially no experience, and then doesn’t invest heavily into R&D. Sharesleuth.com didn’t think so either, hence their investigation.
Some companies just capitalize on hype to fleece investors.
There's a chance Xethanol COULD produce cellulosic ethanol, but I doubt at a price that would be even remotely competitive.