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Re: gladiator0813 post# 3747

Wednesday, 12/17/2014 12:49:13 PM

Wednesday, December 17, 2014 12:49:13 PM

Post# of 6407
LOL, no dilution?? Did someone at Bluefart actually say that?

because they told the SEC (and the public) something different

Item 8.01 Other Events.

On February 26, 2013, BlueFire Renewables, Inc. (the “Company”) received notice that the Orange County Superior Court (the “Court”) issued a Minute Order (the “Order”) in connection with certain shareholders’ claims of breach of contract and declaratory relief related to 5,740,741 warrants (the “Warrants”) issued by the Company. Pursuant to the Order, the Court ruled in favor of the shareholders on the two claims, finding that the Warrants contain certain anti-dilution protective provisions which provide for the re-adjustment of the exercise price of such Warrants upon certain events and that such exercise price per share of the Warrants must be decreased to $0.00. No final judgment has been entered. The Company is currently reviewing the Order and exploring all of its options including an appeal, if necessary.

on the other statement in your post

As for spec machine stating he does not trust the company nor trust the sources. Well then he isn't trusting of the DOE and the SEC.


That's putting words in my mouth and you've got it wrong

DOE cancelled further grant funding for valid reasons, ie they walked away from Bluefire and their process with no indication on their current actions summary on renewable that even mentions concentrated acid hydrolysis - I trust that DOE knows a thing or two about the science and economics of the process. My opinion is that the part that doesn't work is the economics. Other pre-treatment pathways for cellulosic eth had a much later start than BFRE and have been funded, constructed and are operating.

On the SEC and trust, I generally have a higher trust in the company filings with the SEC since they have to be reviewed and even "accidental" lies and misstatements are punishable.

Again, should you invest in BFRE, contact the company, contact the TA, contact the DOE, contact the SEC. You will get the answers you seek. I did.

Contacting the SEC with questions about BFRE and expecting anything useful as a response is laughable. I've contacted the SEC dozens of times both by email and by phone. They are happy to accept information about alleged misconduct but will never respond or comment on company actions or violations outside of their litigation releases. They won't even confirm or deny if a company is under investigation.

Contact the TA? Go ahead and try to get the share structure as of today. Post it if you can get it directly from the TA. Shareholders and prospective shareholders have a right to know that information (That fact can be confirmed with the SEC) I bet you can't get today's share count because the TA is gagged.

keeping it real

spec


- Foglifter -

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