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Re: E-M:/ Liberty Rewewable Fuels is undercapitolized



This is excellent news. Let's hope they continue to be under-capitalized. 



On Dec 2, 2007 2:46 PM, Alex J. Sagady & Associates < ajs@sagady.com> wrote:
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Enviro-Mich message from "Alex J. Sagady & Associates" < ajs@sagady.com>
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The Gratiot County Herald is reporting "Liberty ethanol plant faces
crisis" In its November 29 edition.    This is the corn to ethanol facility proposed for Ithaca, MI

It seems they've started construction of their plant, but have only
$33 million out of $233 million needed to build the plant.

There has been a continual stream of articles in the financial press
about the present glut of ethanol, problems in getting product to
market and money drying up to construct ethanol plants.

According to the article, work on the Ithaca plant is now at a
standstill.

The facility also went through a re-permiting for the air permit for
the facility, changing the type of process equipment they would
install.



==========================================
Alex J. Sagady & Associates         http://www.sagady.com

Environmental Enforcement, Permit/Technical Review, Public Policy,
Expert Witness Review and Litigation Investigation on Air, Water and
Waste/Community Environmental and Resource Protection
Prospectus at:  http://www.sagady.com/sagady.pdf

657 Spartan Avenue,  East Lansing, MI  48823
(517) 332-6971; (517) 332-8987 (fax); ajs@sagady.com
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