11:50 AM EST - Biox Corp. : announced that it expects net loss and comprehensive loss for the third-quarter of 2010 to be between $6.0 million and $6.3 million. The company said that loss for the quarter includes an estimated $1.4 million writedown of finished goods inventory to market value calculated excluding the $1 per U.S. gallon related to the biodiesel tax incentive that has not been reinstated. At June 30, BIOX had sold biodiesel that included $1.6 million of contingent revenue that cannot be recognized unless and until the U.S. biodiesel tax incentive is reinstated. Biox Corp.
shares T.BX are trading even at $1.50.
