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/

Direct Market Access. You stick your own orders through the book. BFC is an AMSM stock which, like SETSmm, allows you to be your own MM. You buy on the bid and sell on the offer sides.

I'd suggest you check it out. ;-))

cynic / pth

GNI CFD info

Al

Probably the only difference between GNI and IG as far as BFC is concerned is the former's ability to offer a shorting opportunity today or recently. Out of interest did you try and take out a short today?

pth - not tried today, but had a buy order sitting for some time earlier. No problem.

Update - couldn't put sell order directly into book. Am not going to hit bid in attempt to short as won't throw money away! ;-))

PS - that's a new one on me. Can't short with direct access. Hmmm.

Even a sell order on the Bid first thing this morning would have reaped a nice return, bit pissed off I couldn't trade.
Makes you wonder how this is going to unravel with all the stock apparently out on loan?

I'm long at this juncture and have an order to close a little further up the book. ;-)

going long is always going to be easy ...... try it with SEO and you'll get your arm ripped off ... lol!

Closed for a penny whilst shopping so around 10% intraday will work for me. ;-))

AL .... have checked with GNI ..... they use excatly the same systems as IG and if one wants to short, they too have to find a lender of stock .... in this particular case, i don't think there have been any lenmders for the last 4/6 weeks

Nice one Al :)
Cynic, wots a lenmder? Is it the same as a lemming?

a lenmder is a cheeky one who follows the example of Opik Lembit, more correctly spelt from transcribed cyrillic as Lenmdit

Cheers pth. Don't expect to be doing the same every day. ;-))

cynic - you learn something new every day. I really was not aware I could not short even with DMA. Mind you, it doesn't seem sensible if there's none to borrow. At some point it all has to be bought back. Hmm.

Al, well, I guess if the company is terminally stuffed that's probably where we will see the DCB, when all that stock is bought back, praps summat to keep any eye out for ;)

Always looking for an edge, pth. ;-0

Biofuels Corporation PLC
01 June 2007

Biofuels Corporation plc
(the 'Company')

Financing update

In its announcement of 29 May 2007, the Company confirmed that its bankers would make available additional facilities to meet the Company's requirements from 1 June 2007.

The Company confirms that its on-demand banking facilities with Barclays, who
remain supportive of the Company, have been rolled over to 31 December 2007.
Barclays have also agreed to provide additional facilities of:

7.0 million for working capital and fixed capital purposes which the
Board expects to be sufficient for its interim requirements

The deferral of payment until 31 December 2007 of future interest
payments due up to that date

1 June 2007

ENQUIRIES:

College Hill Tel: 020 7457 2020
Mark Garraway
Gareth David

big bear squeeeze but BFC is still a no hoper ...... suppose Barclays reckoned they were in so much shit already that extending with the hope of finding a buyer was the cheaper option

I'm sure we've been told berofre that the financing was sufficient and it has turned out not to be, or is my memory poor? Anyone?

u know my opinion of this company, reiterated above!

and clearly the market has reflected on the new funding and also decided that BFC is still a dead duck