bp oil spill options

BP lost market reached 100 billion dollars over the concerns of the costs of spills

BP Plc has reached a low 14 on Friday and have fallen sharply in the rumors that need extra money to fund the cleaning and clearing project the oil spill in the history of the United States.

Cereplast, Incorporated (NASDAQ: CERP) $ 48M (MarketCap) raises $ 7.5M

The contract comes on the conditions of the offer and registered shelf Cereplast the $ 7.5M value (a figure before bidding, estimated fees and expenses) will be used for general operations. Each unit consists of one (1) Shares and one (1) warrant with an option within five years. The warrants are exercisable at a price per share of $ 4.44 per share, yesterday's closing price, and allows to acquire the Investor to .5 of a share. The warrants are in effect 180 days after the date of completion of the tender.

Mr. Frederic Scheer, chairman and CEO of Said Cereplast, Inc. "This financing will help us continue to grow our business by expanding our product lines are based on obligations and distribution we see both from existing and new customers for our biodegradable, environmentally friendly resins. "

Cereplast shares are trading down $ 1.04 or 23% in early trade at $ 3.40.

In addition, the company also press release of the introduction of 11 new varieties of compostable Cereplast resins to the increasing demand for higher productivity in all conventional plastics processing techniques, and meet at the same time improving the physical fitness Property. According to the press release, the need to reduce dependence on oil is obviously more than ever in the wake of the BP oil spill in the Gulf region.

Apart from the need for landfill and reduce carbon emissions, is one of the main causes of global warming, the massive oil spill in the Gulf heightened interest in to environmentally friendly alternatives to fossil fuels renewed. Businesses and consumers are now seeking products that are environmentally friendly, opens the door for bioplastics - The greener alternative to traditional, petroleum-based plastics.

Cereplast, Inc. is actively producing bioplastic resin for use in products crockery and cutlery for Toys and health / hygiene products, bottles / containers, bags, packaging, gift cards, printed displays, straws, well pipes, Pipelines, and many other applications in the plastics industry 2500000000000 $ Dollar.

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To this product at world prices, click on the Media following link: http://www.worldmarketmedia.com/779/section.aspx/1790/post/cereplast-incorporated-nasdaq-cerp-48m-marketcap-raises-75m

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