Blue Biofuels Inc (BIOF)

[LTE]

June 15 - Facebook Post:

So where is the announcement by the "end of the summer"?

<<I just got back from the shareholders meeting. It was my first so don't expect a comparison. It was more a learning event for me. There was a quorum, and everything passed. The most interesting thing to me was the diversity of males, and how much more attractive the women were...I did tell you I am not the best person to report on the meeting. It was way too positive. There were no surprises. good or bad. Someone did ask how the NREL got involved with ALLM... Mr De liege stated something about someone at Flint Hills introducing him to someone at the DOE. Don't read too much into that... "Several Ethanol companies are in talks with us concerning a multitude of subjects..."
Oh, and Daniel said to look for something formal to be in place by the end of the Summer... I suspect the people that heard it all will be buying more stock tomorrow.>>

PS: It figures that Frisbee is commenting on the women at a technology
company's annual meeting. Aren't there more relevant issues to
address with regard to the profit and loss of the company's prospects?

For example, what's going on with the purchases of new equipment?

<<Alliance BioEnergy Continues to Move Forward with Optimization of Protein/Corn Oil Extraction at the Front-End of the CTS Process While Adding New Upgraded Equipment

Jun 07, 2016>>

http://www.otcmarkets.com/stock/ALLM/news/Alliance-BioEnergy-Continues-to-Move-Forward-with-Optimization-of-Protein-Corn-Oil-Extraction-at-the-Front-End-of-the-CTS-Process-While-Adding-New-Upgraded-Equipment?id=133507&b=y

If you go to the latest quarterly report, you can see that very
little went into the company's property and equipment - why only
$18,000 in equipment when they received $2.6 million in proceeds
from stock sales to mom & pop this year? Does that paltry investment look like they're ready for mass production?

Check page 5:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11691251

So it looks like De Liege et al. are making BS promises so that they
can line their pockets with mom & pop's money!