Cellulosic fuels company KiOR reveals “substantial doubts” about its viability; funding needed by 1 April
Green Car Congress
MARCH 19, 2014
In its Form 10-K (annual report) filed with the SEC on 17 March, cellulosic renewable fuels company KiOR said it has “ substantial doubts about [its] ability to continue as a going concern ”. As of 28 February 2014, the company had aggregate indebtedness of $279.5 million under its loan with the Mississippi Development Authority (MDA).
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