EARLY TO THE PARTY

[FunGuns09]

I'll give you both view points and let you guys decide. Just randomly found it Friday night:

***BFLK*** float 32.7M trading at .0007

Something to keep an eye one, don't own any shares.

Market Value 5M

http://www.otcmarkets.com/financialReportViewer?symbol=BFLX&id=131766

16th of Jan highlights from this:

"The company has 9.000,000,000 common shares authorized with .00001 par value.The company has 7,790,911,238 common shares outstanding; of which 32,735,832 is free trading as of November 30, 2014 "

"On October, 2014 the Company amended its articles of incorporation to increase its authorized capital from 90,000,000 to 9,000,000,000 shares of common stock.
During the period ended October, 2014, the Company issued 7,710,000,000 restricted shares of common stock of the Company to directors for compensation."

So out of the 7.79B O/S, 7.71B are restricted

Some people were talking about legal issues on that board:

"There has been no filing of bankruptcy nor receivership. The issuer is not now nor has ever been a shell company. There has no pending or threatened legal action"

Future:

"Our primary focus for is the production and market penetration of our proprietary Bioflamex aerosol extinguishers intended for everyday consumers. We are now preparing the first production batches. The collaboration agreement with our key partner and supplier of core raw materials (biological fire extinguishing/retardant media), Hartindo Saudi, has been drafted but not yet finalized. We also have a draft agreement, not yet finalized, with our aerosol production partner, Dansoll A/S. The collaboration agreement with our key partner and supplier of core raw materials (biological fire extinguishing/retardant media), Hartindo Saudi, has been drafted. We also have an agreement in place with our aerosol production partner, Dansoll A/S. We have acquired the core raw materials needed for production"

"We have submitted a patent application for our Bioflamex aerosols in January 2011 to ensure the security of our intellectual property rights and enhance the market response to our product propositions. We plan to build a solid portfolio of intellectual property within the “clean tech” fire prevention industry"

Now the bear view, this came from the most recent 10q:

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=131765

"These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. The Company has not yet achieved profitable operations and since its inception (August 25, 2004) through November 30, 2014 the Company had accumulated losses of $3,473,704. Management expects to incur further losses in the development of its business, all of which raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The Company expects to continue to incur substantial losses as it executes its business plan and does not expect to attain profitability in the near future. Since its inception, the Company has funded operations through short-term borrowings and equity investments in order to meet its strategic objectives. The Company's future operations are dependent upon external funding and its ability to execute its business plan, realize sales and control expenses. Management believes that sufficient funding will be available from additional borrowings and private placements to meet its business objectives, including anticipated cash needs for working capital, for a reasonable period of time. However, there can be no assurance that the Company will be able to obtain sufficient funds to continue the development of its business operation, or if obtained, upon terms favorable to the Company."

I like the product but will have on watch until I see some type of merger, patent approval, or acquisition. The float alone will get to .0025-.005 on air. I'm an honest guy, so I strive to give honest picks. Also I'm still a small fish amongst sharks and whales lol.