Friday, April 4, 2008

Carbon firm AgCert to delist in survival bid (AGC.L)

This will probably be seen by the big banks as an opportunity to further cartelize carbon.
Here are the first two Google hits for Agcert:

is the solution for managing climate change

™ is owned and operated by seasoned and experienced executives.

Here's the story from The Guardian:
Bankruptcy-threatened carbon project developer AgCert, which sought protection from its creditors after misjudging its carbon credit portfolio, will delist to help stay in business, the company said on Friday.

"For current, ordinary shareholders, it's effectively over," said a source close to the company.

"The company can potentially exist in some form or another but it is unlikely current shareholders will receive participation in that business,">>>MORE

Well, that's one way to say "You're screwed".