Blue Biofuels Inc (BIOF)

[LTE]

Magmar:

I think that he $672K that was raised this year
doesn't have to do with the 506(c) offering to raise
money for the plant. They've raised money over the
years by selling stock to mom & pops at a discount
to the market price and through toxic financing. The
money to build the plant is supposed to be raided in
the form of convertible preferred stock (not death spiral
/ toxic convertibles) - check here:

<<WEST PALM BEACH, Fla., March 23, 2017

WEST PALM BEACH, Fla., March 23, 2017 /PRNewswire/ -- Alliance Bio-Products, Inc. (Bio-Products), a subsidiary of Alliance BioEnergy Plus, Inc. (OTCQB:ALLM), today announced its filing of a Regulation D (506(c)) offering with the U.S. Securities and Exchange Commission (SEC). The purpose of the filing is to secure funds through accredited investors for the purchase of a bioethanol plant in Southeast Florida that would enable the Company to increase production capacity and profitability of its sustainable, environmentally friendly alternative to petroleum-based fuels and other products through its patented Cellulose to Sugar (CTS) conversion process.>>

http://www.otcmarkets.com/stock/ALLM/news?id=154115

The above offering is only for accredited investors with a minimun
investment of $5,000:

http://docs.transfer.ly/ACCREDITEDINVESTORQUESTIONNAIRE.pdf

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

I see nothing in their most recent 10-Q that discusses the 506(c)
offering:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12226383