Blue Biofuels Inc (BIOF)

[Magmar]

Bigone, I do not own any stocks of ALLM because of my posts on the technical application of their process and the previous posts by LTE and Isaacironridge on the financial side.

If you have some free time, go back to the posts on this site about 2-3 years ago (about the time of the $150M they were to receive to build 5 plants in Florida) and read up to today. Makes for some very disturbing reading. This company has huge debt over it's lifespan and very small profits and nothing to show for it during that time. It's all in black and white with their quarterly and annual SEC statements. Each year, press releases of entering into a sublicense agreement with a plant being built just around the corner only to find out it never happens. Just enough to keep a shareholder holding on in hopes of making money or recouping previous losses. Meanwhile taking out enough small equity loans each quarter to keep them going while they default on others and loans get converted to shares. LTE tells you all about this toxic or death spiral financing in his prior posts. Their carefully worded yet generally vague press releases would lead you to believe that they are the only one who can provide this low cost solution. Search the internet for "cellulose to sugars" or "cellulosic ethanol" or "C5-C6 sugars" (which is what their process makes) and you will see ALLM is not alone. Several companies out there that are further along in the cellulosic sugars game and MUCH more stable financially. These articles should be specifically about them and who they are working with to use their product, but their not because they don't have anybody. Check out the USDOE-BETO request for info on C5-C6 sugars to manufacturers and you will see there are more than just ALLM.

It's simple economics; supply and demand. If there is such a demand for ALLM's C5-C6 sugar product, then they should shamelessly post it all over their facebook and websites. However, I challenge you to find one press release, one news article, one picture that links their cellulosic sugar product or technology to an end user (someone who has used it) such as an ethanol producer, plastic manufacturer, fiberboard, nanotube...etc, as they claim it can be used in. I couldn't find one and that is a huge red flag for me. I also want to have strong confidence in upper management of a new upstart technology such as this. People who bring a wealth of background in biofuels, chemical, ethanol and who know what it takes in this particular area...something like this;

http://www.cometbiorefining.com/about.html

Not the filming industry or real estate.

Finally, Bigone, I leave you with this. The money ALLM is attempting to raise will only help them purchase and get started on the plant in Florida. They will need more as it will take up to a year getting he plant ready to reach operational mode and also moving from Longwood and West Palm. You are sadly mistaken if you think what they have stated in their investnow tab is all that will be needed.

https://www.usatoday.com/story/news/local/shaping-our-future/growth/2017/07/13/new-owners-former-ineos-plant-succeed-bio-energy-plans/469835001/

https://www.transfer.ly/invest/alliance-bio-products

They are not making money, only spending it while short term equity loans come due during this time, convertible bonds/notes issued and the stock gets diluted.

BigBird29: They can post articles stating the potential applications of their product all they want, but without proof that THEIR cellulosic sugar is marketable by end users (which they haven't) it's shamefully misleading to investors. I won't drink their koolaid.