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January 29, 2007

Willie Resigns

Looking for something fun to buy a few weeks, I picked up a few hundred shares of Earth Biofuels, Inc (best known as the producers of BioWillie Biodiesel). The company has been picking up both ethanol fuel companies and selling its brand to other biodiesel producers (assuming they meet the ASTM standards for water content, particulate, lubricity, etc).

I guess I'm a little bit happy with the recent news, though: Willie has resigned as CEO of the company and joined on the board of directories. Willie has had an awesome idea starting the company up, but I guess given the penny-stock performance, it's time to let some corporate and marketing types take the reigns. I don't care much about the stock price, but I certainly won't mind if the company expands and does more for the environment and oil trade deficit that we have with certain foreign countries. Hopefully a little change up top will speed that process along...

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