Blue Biofuels Inc (BIOF)

[LTE]

Even more toxic financing - this is atrocious.

How can you people think that this is a real company
that's capable of buying any plants and running them?

It's on page 16 on the bottom of the page:

<<In April 2017, the Company entered into a convertible debenture 
with EMA Financial, LLC, with a principal balance of $150,000 
due and payable on March 15, 2018. The note carries an original 
issue discount of $24,000, accrues interest at a rate of 10% per 
annum and is convertible into the Company’s common stock 
at a 35% discount to the lowest trade price during the previous 
fifteen trading days prior to the date of conversion, 
after 180 days. The note carries a prepayment penalty, adjusting every ninety days to a maximum of one hundred 
thirty percent (130%) of the then outstanding principal and 
interest due, if the note is paid back within the first one hundred eighty (180) days.

https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12064192