The main activity of Biofuels is the large scale production and exploitation of biodiesel and glycerine following the construction and commissioning of the initial plant.

Biodiesel is produced from vegetable oils and, as an environmentally friendly product, can make a significant contribution towards reducing green house gases and meeting Kyoto targets.



RNS's from BFC can be viewed at:

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=bfc&go.x=17&go.y=8

http://www.biofuelscorp.com/

bought too late? ..... yes, arguably so, though that was to close a short at an average of about 27p, so as i said previously, made a very good profit rather a stunning one had i closed at 10/11p a week earlier, or even arguably left the short position running.

as for PXC, i held them for several monhs about a year ago and sold at a modest profit from memory, in May/June ...... have now bought back.

The times reporting a debt For equity swap - this is the end or BFC

been telling you all that for ages! ...... that Barclays management fund is going to have a lot of questions to answer!

But the sp is moving upwards today. Maybe they will fund it because there is something good in BFC?

if you have a profit, for goodness take it ... if you are running a loss, then either cut it or set a very tight stop loss ..... if you want a similar gamble, play russian roulette

I guess that is the excitement in BFC.

if you are playing with real money, then the excitement lies in getting the calls right, whether that is taking your profits or cyutting your losses .... only a damn fool reckons he can buy at the bottom and sell at the top .... if you are playing with matchsticks, then take all the risk you like

Barclays will surely not be playing with matchsticks...I don't see them backing losers.

but BFC is a loser. The funding theyve just secured will only run till May ! Perhaps Barclays know that We're going to war with Iran and that as the price of crude rises so will the popularity of Biodesel and subsequently BFC.

exactly so, and the price of crude has nil effect on BFC's (in)abilituy to survive

wonder why Barclays would continue to buy unless there is some clever scheme related to the (inevitable?) d4e

That's what I'm saying, cynic. (post 1091)

am no longer short, though would be if it was possible ... so that's what i am saying .... and for sure would not be holding if long; odds stacked against you

I bought 4500 shares at 27.5p each, they are now worth approx. 16p each. Any advice as to what I should do would be very much appreciated.

Do I just take what I can get now and run, or do I hang in there and hope that things improve?

If D4E swap happens what is the likely outcome for my shares, do I lose a number of shares or do I keep the same quantity but the value of my shares is decreased?

I sort of assumed that if there are 49,000,000 shares in issue and Barclays took 50% of the company there would in theory be 98,000,000 shares in issue making the value of existing share holders shares halved??

This is all purely guess work on my part and after my failed investment on CHP (bought @ 17p sold @ 16.5p), BFC is only my second investment and it is probably quite obvious that I have a lot to learn.

Thanks for any advice in advance.

Cynic - price of crude will sky rocket so biodiesel will become a far more popular and cheaper alternative fuel - so yes there is a big effect.

GDP .... biodiesel will almost certaionly become more popular over time, but that does not mean that every cruddy little biofuel company is a potential gold mine, and BFC has does not even have the appearance of iron pyrites (fool's gold!)

BEAN* ...... imo, cut your losses .... D4E will cut or even decimate the little value of what you have left

Corn, etc has already rocketed as has many other raw materials for biofuel. It'll become as pricey as crude and other users, eg farmers, will charge more for their product.

It's a vicious circle.

Either way, chances are BFC is for the knackers yard. ;-))

did i hear an echo .... lol!

As predicted, last week's bounce to 23p was of the dead cat variety.

LOL

golly gosh! .... have barclays stopped sweeping up everyone's droppings? ..... sp now 14.5/16