Blue Biofuels Inc (BIOF)

[LTE]

We already know that.

The problem is that with no money, there's no closing date:

<<Dated: July 7, 2017

Item 1.01 Entry into a Material Definitive Agreement

As previously reported, a wholly-owned subsidiary of the Alliance BioEnergy Plus, Inc. (the “Company”), Alliance Bio-Products, Inc. (“ABIOP”), was formed for the purpose of acquiring and operating a plant for the installation of the Company’s patented CTS process. In this regard, ABIOP had submitted an offer to the United States Department of Agriculture (“USDA”) and Arbor One Farm Credit to purchase the former INEOS Bio-Ethanol plant in Vero Beach, Florida (the “Plant”). By letter dated June 30, 2017, the USDA advised ABIOP that its $8,000,000 collateral purchase offer with respect to the Plant is acceptable and in the best interest of the government. The offer provided for the purchase of the fully functional Plant, 143+ acres the Plant resides on and all of the related equipment and vehicles.

ABIOP is in the process of finalizing the raising the funds to complete the purchase of the Plant together with the upgrading of the Plant for ABIOP’s and the Company’s purposes. The transaction is subject to the negotiation and execution of definitive purchase documents and closing of the required financing. A closing date for this transaction has not yet been set.>>

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