Blue Biofuels Inc (BIOF)

[LTE]

More press release hot air. They're now saying that their
technology takes time to become commercialized.

BUT since ALLM didn't get their greedy hands on this EB-5 money
that was supposed the produce 3 times the original
investment after year two, they're chaning their tune because
they didn't get any of this money:

<< A Sugar-Sweet EB-5 Opportunity

The CTS™ process is significantly faster than any other sugar manufacturing process available today, and produces no hazardous chemicals or waste.

The Company will raise $33 million USD for the first plant in Palm Beach County, Florida via the United States’ safe and well established EB-5 program.

The estimated profits realized by the project grow to nearly 3 times the total EB-5 loan by the end of year 2, signifying strong cash flow and project security.

A site has been secured for the first CTS™ plant to be located in Palm Beach County, Florida.

The CTS™ project will generate an estimated 846 permanent jobs.>>

https://prezi.com/c481bncxgz5u/carbolosic-ctstm-eb-5-opportunity_english/

Since the EB-5 money was hoped to be $33 million for each plant and supposedly supplemented by $8.8 million in developer equity (all figures are in the above link) was supposed to be raised about two years ago, they should have 3X the original $33 million in profits right around now. But according to today's press release, things like that are no longer the case because it takes a lot of time. What a joke!

Here's how we know that they're supposed to have the $33 million + for
each plant in EB-5 loans two years ago:

<<WEST PALM BEACH, FL--(Marketwired - Jul 16, 2014) - Alliance Media Group Holdings, Inc. ( OTCQB : ALLM ) (the "Company") announced today that through its subsidiary Carbolosic, LLC the Company has entered into an agreement with the United States Regional Economic Development Authority (USREDA) to provide up to $150,000,000 in debt funding for the construction of five (5) Cellulose to Sugar (CTS) plants in South Florida through the South Atlantic Regional Center (SARC).

USREDA is one of the largest and most respected processors of investment-based immigration (EB-5) programs. The agreement calls for the construction of five (5) Carblosic plants over the next several years starting with the first plant in rural Palm Beach County. Each plant costs approximately $30,000,000 in Capital Expenses and Licensing Fees and can produce more than $112,000,000 in revenues each year, at full capacity. USREDA has begun cultivating immigration investment through its offices in both China and South Florida. It is expected that the first plant could come online in by 2015.

"We are extremely excited to be partnered with USREDA on this project," said Company CEO Daniel de Liege. "They have a proven track record and a long history of success with funding EB-5 projects," he went on to say.>>

http://finance.yahoo.com/news/alliance-media-group-holdings-inc-130000539.html