M Charles Swope wrote:
--- Andy Driscoll <[EMAIL PROTECTED]> wrote:
"I am pleased to announce that Gopher State Ethanol has filed Chapter 11, signifying an ignominious end ......"
A note of caution.
I do hope Andy is right about this being the end of GSE and, given the ratio of liabilities to assets, it probably is. However, this is a Chapter 11 reorganization filing, not a Chapter 7 liquidation, so there is at least a possibility that GSE could be resurrected in some form.
Another possibility is that the plant will be sold at a firesale to another, better-heeled ethanol producer who will restart production. Let's hope not but it could happen.
Finally, one name missing from Andy's list of people who have been instrumental in the fight against GSE is that of John Birrenbach who put in countless hours digging out and publishing documents and harrassing GSE and the regulatory authorities.
Charlie Swope
Ward 1
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