In Iowa, two North Dakota investors of Energae, formerly known as Black Lion Energae and Algae Energae, are seeking a court-appointed receiver for the company that was meant to produce ethanol and “green” vodka. The company, operated by a former stockbroker, had his securities trading license permanently removed in Iowa for offering or selling unregistered, non-exempt and non-federal covered securities, which opens the door for all investors to receive a refund of their investment.
Category: Fuels