You have missed my points entirely but it doesn't matter at all since Bluefire (the actual subject of this board) doesn't produce either ethanol or butanol at this time.
Their sole source of income, aside from a small consulting fee, is from selling convertible debt which, at current prices, will convert to tens of millions of shares with a cost basis of under .002
This stock is effectively dead from any mid-term or longer-term investment standpoint. Bluefire management is entirely to blame for that fact since they-
1) failed to obtain financing in time to avoid the dire financial state that required them to seek out the vultures of capital and issue toxic convertible debt
2) issued toxic convertible debt at a fraction of a penny/share and in some cases far less
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