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/

I understand your rationale Cynic, no argument from me, sure I would have done the same thing in your place :)

ptholden
apologies for O/T, but Cynic has suggested I beg a favour of you. Would you be so kind as to look at the CSR thread? Thanks in advance.

Doesn't this really show that large "Public" developments should be properly funded right from the start?
Remember Eurotunnel? that was a huge debt waiting to bite....the promoters thought they'd cream off all the x-channel traffic at the price they could name - do they think we are mad?
What happened was the ferry co's got their act together and massivly improved the pleasure - partly playing on the fear of being in a tunnel....see the sea, play the games, shop/drink relax on the sun-deck....

Here with BFC, who would guess that the Government would "rat" on their Green promises and effectivly tax the nascent company out of existance. Grief! give them five years to get their act together Mr Brown! The cost of the plant should have been paid for byt he Government and just leased to the Company in lieu of Tax - at so much a litre - that would prevent the Taxman getting greedy since he would be curtailing his own return on investment. The oil imports would be reduced by folk up north using biodiesel, probably to heat their houses also!
But then the Oilcos would never give any donations to politicians, would they?
....and BFC wasn't smart enough to lock-in the Government - shades of Patientline - eh?
It really is a sad day for those folk who wanted to help green this country.

BFC Masterminded their own demise hangon, not the government, nor the Oilco's.

quite right GDP .... BFC was a private enterprise, and like any company, suffers the consequences if they get it wrong .... BFC did! ....... grizzling and whinging by hangon and/or others is totally unwarranted .... there have certainly been plenty of posts on here going back several months telling everyone that this company was a dead duck

Looks like it's nearly dead now.

Heard that Barclays are buying up stock today, this could go much higher, fortune holders the brave.

fools rush in even quicker!
Barclays investment arm were also buying swathes of stock a couple of months back at about 12/14p ..... smart move that!

Why are people drawn to these dead ducks when there are so many better opportunities out there?

Amazes me. ;-0

It's being de-listed from 2/8.

i dare say all the traffic relates to peeps closing off their shorts (no silly comment back please!)

I think the answer to why people are drawn to these type of shares is,,they see it down at 2p or whatever ,see that it was once 2 and think its a bargain ,and not the dead duck that it is .

I remember those days Jimmy, when this was going to make us a fortune....... LOL

i sure did well out of it, certainly on the short tack (20/20 says i should not have cashed in when i did, as could not repeat the exercise), and i think even long

Hi Frampton ,how are you ? yup BFC was going to buy me my house in Monaco,,, i broke a lot of my own investing rules with this one ,and learned a valuable lesson..
That was back when this was a hot stock.

Hi Jimmy, doing ok. I thought I'd learned my lesson on this share, made the money that I'd lost back in a few months, then lost it again - so I obviously hadn't learned anything at all! I'm being alot more cautious these days, and dreaming less, though a house in Monaco does sound good...

has bfc gone into administration? I know a bit naive but i have not read anything about it but shares do not seem to be quoted anymore

robin, see RNS link below.

http://moneyam.uk-wire.com/cgi-bin/articles/200707271044189949A.html

thx for that- have been on hol's

It was de-listed as from 2 August