Biodiesel and Ethanol Investing

IBTimes reports that D1 Oils shareholder Principle Capital will refuse to support any plans to raise further equity capital until the company stops ‘fruitless spending’. Principle says its funds have incurred substantial losses on their $18 million investment in the biodiesel company. With 27.55% of the issued share capital, it says it has the ability to block all special resolutions of the company and intends to do so until the board agrees to discuss its requests.