Blue Biofuels Inc (BIOF)

[LTE]

Did anyone see the impairment charge yet?

As I've been saying all along, ALLM's hype is NOT
consistent with market reality.

This is not good for the AllMers who are continuing
to throw money into this company through their private
offerings - it's throwing good money after bad:

<<For the year ended December 31, 2015 the Company’s equity loss in 
an unconsolidated affiliate increased by approximately $3,186,465 
to $3,366,819 from $180,354 in 2015. A portion of this loss was due to recording 50% of the $331,147 loss incurred by the affiliate, which totals $165,573. In addition, the Company recorded a non-cash impairment of $3,207,701 on the value of the CTS license held 
by the affiliate  Although the Company feels that the license has increased in value with continued research and development, due to the market price set by the acquisition of the remaining 49% of AMG Energy Group along with no current financial contracts involving the CTS license, the Company believes it is appropriate to value the license at the market value.