The negativity is fully justified, these guys have burnt through a lot of shareholder money. But he's not chasing biofuels. It's waste to energy. A biofuel typically needs a valuable feedstock (corn, palm oil, whatever). A waste to energy plant might use wood waste, poo, plastic, etc...feedstocks considered waste.
Maybe I'm wrong but every dog has its day so let's just chill out until we know what's happening. It could be really really good.
The negativity is fully justified, these guys have burnt through...
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