Biofuel Energy Corp to reverse stock split at 1-for-20

In Colorado, Biofuel Energy Corp has received a further extension to regain compliance with the $1.00 bid price requirement. The company plans to do so by implementing a reverse stock split of outstanding shares at a ratio of 1-for-20, effective on or before June 15, 2012. The company currently has two 110 million gallons per year ethanol plants in the US.

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