Business Context and Reporting Period
This Form 8-K is a current report filed by BioFuel Energy Corp. (not Green Brick Partners, Inc.) on June 26, 2008, covering events occurring on June 25, 2008. The registrant is incorporated in Delaware and operates in the ethanol production sector.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on operational milestones rather than financial performance data.
Material Changes
- Operational Milestone: On June 25, 2008, the company announced the commencement of commercial operations at two ethanol production facilities.
- Facility Details: The plants are located in Wood River, Nebraska, and Fairmont, Minnesota.
- Capacity: Each plant has a production capacity of 115 million gallons per year.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future financial performance, or specific risk factors. The primary disclosure is the operational status update regarding the start-up of the two ethanol plants.
Investor Verification Checklist
- Verify the actual production output and ramp-up schedule for the Wood River and Fairmont plants.
- Confirm the capital expenditure status and funding sources utilized to bring these facilities to commercial operation.
- Review the attached press release (Exhibit 99.1) for details on initial product quality and off-take agreements.
- Check subsequent filings for the financial impact of these new operations on the company's balance sheet and income statement.