Blue Biofuels Inc (BIOF)

[LTE]

<<I guess the press release (July and today) doesn't need to divulge every little detail when it comes from a consultant who works for ALLM (Luna) >>

Magmar, I was wondering if Vanessa Luna might
buy another jeep with ill-gotten money?

<<Vanessa Luna CEO>>

http://www.lunaconsultantgroup.com/business-development-1/

How do we know that she won't buy a jeep with the money?

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Vanessa Luna - Why does ALLM hire so many people so close to
this stinking mess?

On page 18 of 35 Jens Dalsgaard had "serious problems" with
Vanessa Luna's work on October 17, 2014. If she did not
improve, she would be fired.

On page 18 it says that everything was done without Jen's knowledge
and he was "shocked" by her work. He would do everything to "correct
the actions" of Vanessa Luna.

On page 20 of 35 it says that Vanessa Luna was using the monies
for her own purposes - she was "terminated immediately."

Page 21 - It says that she allegedly bought a Jeep with the corporate monies without approval.

Page 22 - It says Vanessa Luna wasn't fired - was Jens Dalsgaard also
involved in the unseemly activities?

There's so much more - see for yourself. But just here's just
one extra tidbit of an allegedly unseemly person involved in this
case:

<<11 People Implicated so Far

This latest sweep in the investigation has been going on since last year. A further four alleged participants in the scheme were charged with several counts of fraud in the summer of 2014: Abraxas J. Discala, Chief Executive (CEO) of OmniView Capital Advisors, Ira Shapiro, the Head of CodeSmart, Craig Josephberg, a broker, and Kyleen Cane, another attorney. An additional three people involved in the schemes – Marc Wexler, broker Matthew Bell, and Victor Azrak – have pleaded guilty.>>

http://www.financemagnates.com/institutional-forex/regulation/two-brokers-and-attorney-arrested-for-securities-fraud/

Ms. Cane is on page 14 of 35:

http://www.cytta.com/resources/2015-2-23%20AACC_Answer_and_Counterclaim.pdf

Although the above doesn't implicate ALLM directly in anything,
it shows that they're not too far away from some serious stench!