Post by
M101 on May 06, 2014 11:24am
financing announcement overdue
April 02 quarterly:
" Lignol Energy Corp. is working with its financial advisers to establish the terms of a financing which it needs to complete within the next month...In order to meet its current obligations and provide payments to maintain title to assets, LEC needs to take steps over the coming month to complete a financing."
Comment by
M101 on Jun 13, 2014 1:00pm
Managment is divulging nothing about the financial problem but the TBF note conversion price is coming up at the end of the month so I expect something (ugly?) soon. Meanwhile, the EU is at least recognizing the catastrophic boondoggle that food crop derived biofuel has become. https://www.theguardian.com/environment/2014/jun/13/eu-biofuels-food-crops
Comment by
ellaaa on Jul 08, 2014 11:29am
You are right with the cellulosic process that Lignol has in house using non food stock is the way to go. Lignol has a lot of in house know how and patents to boot. With oil prices rising this should only help justify their process.