New Generation Biofuels Holdings, Inc (NGBF) news stock charts
New Generation Biofuels Holdings, Inc (NGBF) Investment Summary:
We are a development stage renewable fuels provider. We hold an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from vegetable oils and animal fats that we intend to market as a new class of biofuel for power generation, heavy equipment use, marine use and as a heating fuel. We believe our proprietary biofuel can provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels. 2 -------------------------------------------------------------------------------- Our near-term business strategy involves developing a revenue stream from direct sales of our biofuel produced at manufacturing plants that we may purchase or build, either directly or through joint ventures. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f31%2f0001144204-08-019369.html#FIS_BUSINESS"www.newgenerationbiofuels.com
11 Employees
Founded in 2006
NEW GENERATION BIOFUELS HOLD (NGBF:NASDAQ)
LAST $0.77 USD
CHANGE TODAY -0.06 -7.23%
VOLUME 536.8K
As of 3:59 PM 03/18/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of NEW GENERATION BIOFUELS HOLD (NGBF)
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OPEN
$0.83
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PREVIOUS CLOSE
$0.83
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DAY HIGH
$0.92
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DAY LOW
$0.71
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52 WEEK HIGH
06/26/09 - $1.80
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52 WEEK LOW
03/25/09 - $0.47
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MARKET CAP
22.5M
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AVERAGE VOLUME 10 D
87.2K
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EPS TTM
$-0.86
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SHARES OUTSTANDING
29.2M
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NGBF Does Not Pay Dividends
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P/E TTM
--
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Key developments for NEW GENERATION BIOFUELS HOLD (NGBF)
New Generation Biofuels Holdings, Inc. and Great Full Group Holdings Executes Non-Binding Memorandum of Understanding
03/17/2010
New Generation Biofuels Holdings, Inc. and Great Full Group Holdings (soon to be re-named Regent Trend Investment Ltd., or Regent) executed a non-binding Memorandum of Understanding, under which Regent would invest $20 million in equity securities and collaborate with Regent to form and fund a joint venture to develop and operate biofuel production plants in the continental United States with a capacity of 250 million gallons per year. The indicative terms and conditions of the MOU are outlined in a financial term sheet and a development and operation term sheet attached to the MOU. The financial term sheet summarizes key terms of the potential investment by Regent of $20 million in equity securities, consisting of common stock, convertible preferred stock, warrants or a combination thereof, subject to compliance with any relevant NASDAQ listing rules. The MOU remains subject to a due diligence period of up to 75 days and negotiation, execution and delivery of definitive agreements acceptable to both parties and approved by their respective boards of directors.
New Generation Biofuels Holdings, Inc. Announces Executive Changes
03/3/2010
New Generation Biofuels Holdings, Inc. announced that on February 25, 2010, Steven F. Gilliland resigned from the board of directors and all board committees of the company, effective upon delivery to the board. On March 2, 2010, the company's board of directors appointed Douglas S. Perry as director to fill the vacancy resulting from Mr. Gilliland's resignation and to serve until the company's 2010 annual meeting of shareholders, as recommend by the nominating committee. In addition, the board affirmatively determined that Mr. Perry is 'independent' as required by the listing standards of the NASDAQ Capital Market and appointed Mr. Perry to serve on the audit, compensation and corporate governance committees. Mr. Perry is currently and since 2005 has been President of Davenport Power LLC. From 2003 to 2005, Mr. Perry was a consultant working with start-up companies and projects to develop technology verification and commercialization strategies, improve business operations and obtain funding.
New Generation Biofuels Receives Notice From NASDAQ
12/23/2009
New Generation Biofuels Holdings, Inc. announced that on December 22, 2009, the Company received written notification from The NASDAQ Stock Market stating that because the closing bid price of the Company's common stock for the previous 30 consecutive business days was below the $1.00 per share minimum bid price requirement for continued listing on The NASDAQ Capital Market, the Company is not in compliance with NASDAQ Listing Rule 5550(a)(2). This notification has no immediate effect on the Company's listing on the NASDAQ Capital Market or on the trading of the Company's common stock. The Company has been provided 180 calendar days, or until June 21, 2010, to regain compliance with the minimum bid price requirement. The Companys common stock will continue to be listed and traded on The NASDAQ Capital Market during the applicable grace period. During the next 180 calendar days, the Company may regain compliance with the minimum bid price requirement by maintaining a closing bid price at or above $1.00 per share for at least ten consecutive business days pursuant to Listing Rule 5810(c)(3)(A). In the event the Company does not regain compliance with the Rule prior to the expiration of the grace period, the Company may be eligible for an additional 180-day grace period if at such time it meets the initial listing standards of The NASDAQ Capital Market, with the exception of the bid price requirement. The Company will consider available options to regain compliance with the NASDAQ minimum bid price requirements between now and June 21, 2010.
New Generation Biofuels Holdings, Inc financial resources
NGBF Competitors
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Industry Analysis
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NGBF transactions
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Private Placement
February 2, 2010 |
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Private Placement
December 10, 2009 |
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More Recent Financial News About New Generation Biofuels Holdings, Inc
NEW GENERATION BIOFUELS HOLDINGS, INC Files SEC form 8-K, Other Events
2010-03-18 05:20:20
Quote: ITEMS 8.01Other Events.
On March 12, 2010, New Generation Biofuels Holdings, Inc. and a potential
strategic partner from China, Great Full Group Holdings (soon to be re-named
Regent Trend Investment Ltd., or Regent) executed a non-binding Memorandum of
Understanding, or MOU, under which Regent would invest $20 million in our equity
securities and we would collaborate with Regent to form and fund a joint venture
to develop and operate biofuel production plants in the continental United
States wit...Read article
New Generation Biofuels Announces Appointment of Douglas S. Perry to Board of Directors
2010-03-12 02:03:52
Quote: COLUMBIA, Md., March 4 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (NasdaqCM: NGBF) ("NGBF" or the "Company") today announced the appointment of Douglas S. Perry to its Board of Directors to serve until the Company's next annual shareholders meeting, replacing Steven F. Gilliland who has resigned from its Board due to time commitments in other business activities. Mr. Perry is the President and Chief Executive Officer of Davenport Newberry Holdings L...Read article
New Generation Biofuels Announces Appointment of Douglas S. Perry to Board of Directors
2010-03-05 06:20:50
Quote: COLUMBIA, Md., March 4 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (NasdaqCM: NGBF) ("NGBF" or the "Company") today announced the appointment of Douglas S. Perry to its Board of Directors to serve until the Company's next annual shareholders meeting, replacing Steven F. Gilliland who has resigned from its Board due to time commitments in other business activities. Mr. Perry is the President and Chief Executive Officer of Davenport Newberry Holdings L...Read article
NEW GENERATION BIOFUELS HOLDINGS, INC Files SEC form 8-K, Change in Directors or Principal Officers
2010-03-04 05:08:39
Quote: Gilliland resigned from the board of
directors and all board committees of New Generation Biofuels Holdings, Inc.
(the "Company"), effective upon delivery to the board. Mr. Gilliland's
resignation was not as a result of any disagreement with the Company regarding
the Company's operations, policies or practices. The Company appreciates Mr.
Gilliland's board service and his contributions as an independent director
during his tenure.
(d) On March 2, 2010, the Company's board of directors ...Read article
New Generation Biofuels Announces Agreement to Replace Upcoming $1.0 Million Licensing Payment With Common Stock and Cash
2010-03-01 05:53:20
Quote: 22 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. NGBFNews) ("NGBF" or the "Company") announced today that on February 19, 2010, it reached an agreement with Mr. Ferdinando Petrucci and PTJ Bioenergy Holdings LTD to replace the upcoming $1,000,000 cash payment for its technology license due in equal installments on February 20th and March 20th, 2010 with 1,100,000 shares of the Company's common stock and $120,000 in cash. "We are very pleased with this ...Read article
New Generation Biofuels Announces Agreement to Replace Upcoming $1.0 Million Licensing Payment With Common Stock and Cash
2010-02-23 05:23:08
Quote: 22 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. NGBFNews) ("NGBF" or the "Company") announced today that on February 19, 2010, it reached an agreement with Mr. Ferdinando Petrucci and PTJ Bioenergy Holdings LTD to replace the upcoming $1,000,000 cash payment for its technology license due in equal installments on February 20th and March 20th, 2010 with 1,100,000 shares of the Company's common stock and $120,000 in cash. "We are very pleased with this ...Read article
New Generation Biofuels' Chief Executive Officer To Speak at EUEC 2010: 13th Annual Energy & Environment Conference
2010-02-19 02:41:17
Quote: 21 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF) today announced that on February 2, 2010 NGBF's President and Chief Executive Officer, Mr. Cary ClaiborneEUEC 2010: 13th Annual Energy & Environment Conference, one of the most renown annual meetings in the United States for energy and environment professionals. This year's EUEC is scheduled for February 1-3 and will be held at the Phoenix Convention Center in Phoenix, Arizona. More th...Read article
New Generation Biofuels Helps Washington College to Establish a Clean Fuels Energy Path
2010-02-19 02:41:17
Quote: 19 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF), today announced that it successfully burned its biofuel at Washington College of Chestertown, MD. The purpose of the burn was to provide first hand data and practical information to Washington College about a biofuel that would help the College meet its commitment to reducing its carbon footprint.The results of the evaluation, which was run in a 250HP Cleaver-Brooks fire-tube boiler, show...Read article
NEW GENERATION BIOFUELS HOLDINGS, INC Files SEC form 8-K, Unregistered Sale of Equity Securities, Financial Statement
2010-02-04 04:42:04
Quote: Item 3.02 Unregistered Sales of Equity Securities.
Private Placement of Common Stock and Warrants
On February 2, 2010, New Generation Biofuels Holdings completed a private
placement of common stock and warrants, raising approximately $1,304,692 in
gross proceeds and approximately $1,200,316 in net proceeds, after deducting
finders' fees.
We issued 1,890,857 shares of common stock and warrants to purchase 1,890,857
shares of common stock to a group of investors. We sold the shares and warrants...Read article
New Generation Biofuels' Chief Executive Officer To Speak at EUEC 2010: 13th Annual Energy & Environment Conference
2010-01-22 02:25:34
Quote: 21 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF) today announced that on February 2, 2010 NGBF's President and Chief Executive Officer, Mr. Cary ClaiborneEUEC 2010: 13th Annual Energy & Environment Conference, one of the most renown annual meetings in the United States for energy and environment professionals. This year's EUEC is scheduled for February 1-3 and will be held at the Phoenix Convention Center in Phoenix, Arizona. More th...Read article
New Generation Biofuels Helps Washington College to Establish a Clean Fuels Energy Path
2010-01-20 01:20:44
Quote: 19 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF), today announced that it successfully burned its biofuel at Washington College of Chestertown, MD. The purpose of the burn was to provide first hand data and practical information to Washington College about a biofuel that would help the College meet its commitment to reducing its carbon footprint.The results of the evaluation, which was run in a 250HP Cleaver-Brooks fire-tube boiler, show...Read article
New Generation Biofuels Receives Nasdaq Compliance Notification
2010-01-13 03:02:08
Quote: 17 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (NasdaqCM: NGBF) ("NGBF" or the "Company") today announced that the Company received notice from Nasdaq confirming that it has regained compliance with the minimum stockholders' equity requirement of $2.5 million for continued listing on the Nasdaq Capital Market.On August 26, 2009, NGBF received a letter from the Nasdaq Stock Market ("Nasdaq") staff indicating that, based on the stockholders' equity as ...Read article
New Generation Biofuels Announces Registered Direct Offering of $1.541 Million in Common Stock and Warrants
2010-01-13 03:02:07
Quote: The offering is expected to close on or about December 16, 2009, subject to the satisfaction of customary closing conditions.www.sec.gov or from Jesup & Lamont Securities Corporation at 650 Fifth Avenue, New York, NY 10019 or by calling 415 956-4253.This announcement is neither an offer to sell nor a solicitation of an offer to buy any of our common stock.No offer, solicitation, or sale will be made in any jurisdiction in which such offer, solicitation, or sale is unlawful.About New Generati...Read article
New Generation Biofuels' Chief Technology Officer to Speak at Power-Gen International 2009
2010-01-13 03:02:07
Quote: Management from New Generation Biofuels will be available at the Company's booth to further explain the value of our emulsion technology.kljohnson@newgenerationbiofuels.com
Phone: 816-728-3533New Generation Biofuels Booth:#N1-507
Session Title:Biomass Fuels for Power Generation
Present......Read article
New Generation Biofuels Receives Notice from Nasdaq Regarding Noncompliance with Minimum Bid Price Requirement
2010-01-13 03:02:06
Quote: 23 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF) (the "Company") announced today that on December 22, 2009, the Company received written notification from The Nasdaq Stock Market stating that because the closing bid price of the Company's common stock for the previous 30 consecutive business days was below the $1.00 per share minimum bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in complianc...Read article
New Generation Biofuels Announces the Closing of A Registered Direct Offering of $1.54 Million in Common Stock and Warrants
2010-01-13 03:02:06
Quote: 16 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (NasdaqCM: NGBF) ("NGBF" or the "Company") today announced that it has closed its previously announced registered offering of 1,926,250 shares of its common stock (the "Shares"), par value $0.001 per share ("Common Stock"), and warrants (the "Warrants") to purchase 577,875 shares of Common Stock (the "Offering"). The Shares and the Warrants were sold in units ("Units") at a price of $0.80 per Unit, with ...Read article
New Generation Biofuels Receives Notice from Nasdaq Regarding Noncompliance with Minimum Bid Price Requirement
2009-12-24 02:18:04
Quote: 23 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF) (the "Company") announced today that on December 22, 2009, the Company received written notification from The Nasdaq Stock Market stating that because the closing bid price of the Company's common stock for the previous 30 consecutive business days was below the $1.00 per share minimum bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in complianc...Read article
NEW GENERATION BIOFUELS HOLDINGS, INC Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listi
2009-12-24 02:18:03
Quote: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On December 22, 2009, New Generation Biofuels Holdings, Inc. (the "Company")
received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that
because the minimum bid price of the Company's common stock was below $1.00 per
share for 30 consecutive business days, the Company was therefore not in
compliance with Nasdaq Marketplace Rule 5550(a)(2).
The notification le...Read article
NEW GENERATION BIOFUELS HOLDINGS, INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
2009-12-22 01:51:08
Quote: Item 8.01 Other Events.
On December 16, 2009, New Generation Biofuels Holdings, Inc. (the "Company")
closed its previously announced registered direct offering of 1,926,250 shares
of its common stock (the "Shares"), par value $0.001 per share ("Common Stock"),
and warrants (the "Warrants") to purchase 577,875 shares of Common Stock (the
"Offering"). The Shares and the Warrants were sold in units ("Units") at a price
of $0.80 per Unit, ...Read article
New Generation Biofuels Announces the Closing of A Registered Direct Offering of $1.54 Million in Common Stock and Warrants
2009-12-22 01:51:08
Quote: 16 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (NasdaqCM: NGBF) ("NGBF" or the "Company") today announced that it has closed its previously announced registered offering of 1,926,250 shares of its common stock (the "Shares"), par value $0.001 per share ("Common Stock"), and warrants (the "Warrants") to purchase 577,875 shares of Common Stock (the "Offering"). The Shares and the Warrants were sold in units ("Units") at a price of $0.80 per Unit, with ...Read article
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