Bill Gates Cashing Green
Bill Gates’ investment fund, Cascade Investments decided to sell the 20% stake it controlled in Pacific Ethanol, a Sacramento, Calif.-based company. Stock tumbled, 22% when the news came out yesterday to $4.43 a share. This company’s shares traded hands at $42 a share just a year-and-a-half ago and is a perfect example of how hype is at play when it comes to Green investment. Continue Reading at Earth2Tech.
Anyone dumping 20 per cent is going to cause the stock price to dive. having Gates dump the stock is even worse.