BIOFUELS POWER CORP (fka BFLS)

[Renee]

BFLS revoked registration:

https://www.sec.gov/litigation/opinions/2019/34-86380.pdf

[Renee]

BFLS SEC Suspension for severely delinquent Financials/Filings:

https://www.sec.gov/litigation/suspensions/2018/34-84174.pdf

Order:

https://www.sec.gov/litigation/suspensions/2018/34-84174-o.pdf

Admin Proceeding:

https://www.sec.gov/litigation/admin/2018/34-84173.pdf

[litton51]

"Biofuels Power

"On February 1, 2016, BPC purchased another gas field in Humble, Texas. They are in the process of preparing for the the installation of their gas-to-liquids plant they bought from Japan, and which was received in early January 2016. This is their third gas-to-liquids plant. Their other two plants are being redesigned for deployment to stranded gas wells. The company is configured to produce naphtha from the natural gas. They could process the natural gas to make diesel or jet fuel, however naphtha continues to be around $100 per barrel, so they are configured for naphtha right now.

"The management of the company is planning on conducting a roadshow over the summer months."

[litton51]

Can someone refresh my memory? Several years ago BFLS settled a lawsuit with someone to whom they owed money. I believe the amount was several million dollars.

Thanks.

[litton51]

mdmdmd
Membership Type [Give this person a gift subscription]
Followed By 0
Posts 1
Boards Moderated 0
Alias Born 01/20/2015 12:42:44 PM



No. A check with Harris County reveals no such action has been recorded. I notice you became a member of this forum the day you posted, once. What are you trying to do?

[litton51]

Really? Why is there no reference to this anywhere on the Web?

[mdmdmd]

If anyone is still following this stock I hope you know that the Hiram Clarke Plant has been seized by a court order and sold to Berry Group LP as of May 2014. The deed transferring the property was recorded in August 2014 with the Harris County Civil Court. I live nearby this plant and am very concerned about what is going on there. If anyone has any information on this situation please let me know. Also I have been unable to contact anyone with Biofuels Power concerning this matter. If you are in touch with them please let them know as they may have legal means to regain the property if they act within a certain period of time

[randall899]

ive made over 100% here 3-4 years in it.

[litton51]

Biofuels Power to build small-scale gas-to-liquids plant in Houston

6 August 2014

Houston-based Biofuels Power Corporation ( BFLS) has signeda letter of intent with ThyssenKrupp Industrial Solutions (Africa) (Pty) Ltd and Liberty GTL, Inc. to build a small-scale gas-to-liquid demonstration facility in Houston. The parties have established a non-binding target date to complete installation and commissioning of the GTL Pilot Plant on or before 31 December 2014. The purpose of the GTL Pilot Plant is to commercially demonstrate converting stranded natural gas resources to synthetic crude oil.

BFLS originally intended to develop biofuel-fired power projects. Since 2010, however, biofuel-fired power projects have not been economic due to declining prices for electricity, which are driven by lower natural gas prices. The company is switching its focus to GTL.

BFLS intends to differentiate itself by deploying small-scale GTL plants as modular field processing units at the wellhead and producing a synthetic crude oil suitable as feedstock for refineries or petrochemical plants.

BFLS will operate the GTL Pilot Plant for the 2-year demonstration. ThyssenKrupp will provide technical services and contribute a previously operating auto-thermal reformer pilot plant of proven design, which will be used to generate synthesis gas feedstock for the production of synthetic crude oil.

Liberty will provide intellectual property and operating know-how regarding crude oil synthesis along with the relevant catalyst supply. The Liberty technical team is also credited for designing the FT (Fischer-Tropsch) Reactor which will convert the synthetic gas to synthetic crude oil. The GTL Pilot Plant will be assembled at the Houston Clean Energy Park, which is an industrial estate owned by BFLS.

The focus of the GTL Pilot Plant will be to optimize design and operability of small-scale gas-to-liquid facilities capable of converting 5 – 10 million cubic feet per day of natural gas into approximately 500 bbls per day of synthetic crude oil. Building on Liberty’s previous engineering studies completed by ThyssenKrupp in 2013, BFLS and Liberty are in the process of completing engineering on a 500 bbls per day reference plant design with the goal of deploying multiple units in North America in the future. This process is scheduled to be completed in the coming weeks.

BFLS believes that gas to liquids projects of this size may be attractive to operating companies confronted with curtailing production or, in the extreme case, ceasing production due to capital cost barriers related to expansion of natural gas gathering, processing and transmission infrastructure. These stranded gas wells would be released for production if the planned GTL units could process the natural gas immediately after completion of the well.

http://www.greencarcongress.com/2014/08/20140806-bl.html

Would most likely handle gasified plastics as well.

Biofuels Power Corporation (BFLS)-Other OTC

0.2350 0.0250(11.90%) 9:47AM EDT

finance.yahoo.com

[litton51]

So that's it? Ask drops 35% and bid drops 50% without explanation or event? Company years late paying-back s/t loans and no relief in sight? Would be nice to hear from management.

[litton51]

http://i570.photobucket.com/albums/ss145/TJStepp99/senileagitation.jpg

[dirt man]

No worries, just hope you payed less for your shares than I did.

[randall899]

oops I goobered it wrong board wrong post wrong way ill get over it hope you can too. Besides I am a lunatic. A lunatic that has made a small profit by holding this for a few years . Now I am on course bfls. Never been disappointed by this one. Except I might should have sold it when it broke the dollar. Thought about it decided not too. I own some of this and it doesn't jump around much. I like that factor.

[dirt man]

This is already a publicly traded stock, why would it have an IPO ? You may need to rethink your trading strategies, haha!

[randall899]

Stocks are hard to understand. I do not understand them. I am aware of some of the dynamics. I have a reason to think that this stock is attempting to have a IPO in the future. There may be negotiations ongoing. please don't pay me no mind. Besides I want all this I can get as cheap as it is now. There are some very large banks around. I am not dropping any names. I understand little. I speculate voraciously. I am also a fool. Already fooled not. ? NASDAQ/ NYSE> BOUND? Changes in equity prices occur rapidly. Reasons hit the street and the poo poo hits tha fan. KABOOM!!!!! Is this a winner? Yup sure. MAGNIFICENT PROSPECT MOST ASSUEREDLY

[litton51]

I am a long, also. However, BFLS never repaid the "one-year" loan I gave them years ago. With interest, it is now worth 260% of what I paid, but there is only silence from them on repayment. When a company cannot repay a one-year loan after five years I am pessimistic about its prospects.

[randall899]

I bought this at 9.7 cents in 2010. I have not done bad on it . I didn't sell at the high because I can wait. Doesn't matter to me as I did not put much money into this one . Its price usually doesn't go down and when it does it doesn't stay down long. It is very lightly traded. Im holding a while longer. Might be a mistake but no matter what ill live with it. I have never considered selling this stock either except when it got up over a buck but I did not so ill wait awhile longer. $5.00 is my target. Ten years is my timeframe. I ll be unconcerned with it till then.

[kranthikumar]

BFLS is up by 100%

[litton51]

BFLS also has a number of short-term loans (notes) that were due in 2010. You may disregard any stock activity until BFLS pays-back these notes.

[litton51]

BFLS has 32,440,000 shares outstanding with 100M authorized. You may disregard any stock price activity involving less than 100,000 shares.

[litton51]

Someone is propping-up the price with small buys. Too bad it means nothing until real quantities are bought.

[litton51]

Possibly. Or it could be simple manipulation.

[dirt man]

The buying continues, something is brewing

[dirt man]

Your right, I'm just ready for something to happen so I can unload the 90k shares I own.

[litton51]

When someone can drop the value of the stock 30% by selling 300 shares, the share price has no real value.

[dirt man]

Not sure, but someone is buying

[litton51]

Who is trying to manipulate the stock price? Or is it about to take off?

[litton51]

$1.80/share? WTF? Is this real?

[dirt man]

$1 biodiesel tax credit

http://seekingalpha.com/article/1093451-the-biodiesel-excise-tax-credit-is-good-news-for-refiners?source=feed

[stockseekerok]

Well now that a long time/ Id only hope Im not waiting 6 years

[dirt man]

Six years and counting!

[stockseekerok]

The day will come

[stockseekerok]

BFLS

[stockseekerok]

BFLS Video http://ih.advfn.com/videos/educational/bfls-best-bio-fuel-company_52s4mKEzJ9Y

[stockseekerok]

This Company Needs to seek Out Drillers In the Balken Shale/ my son In law works there as a workover and Drill Consultant. They flare off most of their Natural gas

[stockseekerok]

With Clean Energy Being An Obama peak Interest an election cycle Bio Fuel Stocks are where to be

[mrbizzard]

sounds good bud..

[stockseekerok]

I Intend to slowly wake this one Up in the Coming Weeks :)

[stockseekerok]

You are correct this was a sleeper :)

[mrbizzard]

s;leeper

[Codesters]

BLOOM Energy creates Fuel Cells Runs on BioFuels.
http://sanjose.bizjournals.com/sanjose/stories/2010/03/01/story1.html?b=1267419600^2949141

[dirt man]

Any thing new going on here?

[Buzzie]

Well, the job is mine. I have some disturbing news.
It appears we have loss our lease. Well, I will have to make some phone calls and also determine if we own the plant like the news article said and the news release.

[Buzzie]

Well, this is post #4. I have satisfied their requirements. This company is great.

[Buzzie]

Well, I believe in it and will become the moderator, if they will have me. Let's see what goes.

[Buzzie]

Ok, this one by the I-box was identified early, but patients grew thin, and investors moved on.

[Buzzie]

This company has a very nice plan. I see it as a long term investment. The potential is huge, just another gem..

[BIG BALLER]

wha'gwan here dutty mon?

[dirt man]

Oak Ridge biofuel plant six months behind on lease payments

By JAKE MUONIO
Updated: 06.11.09
Since its inception in 2007, the biofueled power plant located in Oak Ridge North has generated its share of accolades to go along with the electricity it produces.

Touted as the first entirely biofueled electricity generator in the United States to sell wholesale electricity, the plant, located at 321 Alana Lane, once received a congressional commendation.

Now, Biofuels Power Corporation — which operates the ORN plant, as well as several other facilities in the Houston area from its headquarters at 25211 Grogan’s Mill Road in The Woodlands — is at least six months behind on its rent payments, in default of its $3,500 a month lease.

The biofuels facility was ordered locked down Monday with a vote of the Oak Ridge North City Council. ORN Mayor Fred O’Connor, who is the CEO of Biofuels Corp., did not vote.

The action came after Councilman Steve Holcomb questioned city staff about giving preferential treatment to BFC, including allowing the lease to remain past due for as long as it did.

Holcomb also raised issue with several of the company’s filings, made both with the city and the U.S. Securities and Exchange Commission.

ORN Police Chief Andy Walters said the city’s police department, the Montgomery County District Attorney’s Office and the U.S. Attorney’s Office have been investigating the issue for more than a year.

In relation to the lease, ORN City Attorney Scott Bounds said in a June 5 memo to the council that he wasn’t yet able to issue an opinion on the legality of four possible leases and subleases on the property.

“Without additional information related to the City Council’s approval and funding of the lease agreements ... I am unable at this time to determine the validity of those agreements,” Bounds said.

Biofuels Power Corporation

The Biofuels Power Corporation evolved from two other companies, Texoga and Safefuels, which in the early 2000s were involved with a project to create a safer fuel tank for military vehicles using biodiesel.

After failing to land a military contract, the concept was abandoned, with the focus shifting to renewable fuel-related energy production. On Sept. 12, 2005, the ORN City Council voted to participate in such a project.

Later that month Safefuels (which ultimately created the Biofuels Power Corporation in 2006) entered into a memorandum of understanding with ORN, in which the city agreed to help facilitate the acquisition of some equipment and property on behalf of the company.

ORN helped secure the lease of a property that was suitable for the site in 2005, and subleased the property to Safefuels. In addition, the city used the Texas Building and Procurement Commission’s Surplus Property Program to acquire generators and a forklift for the plant.

Holcomb also has questioned the legality of those purchases, since the agency’s offerings are restricted to use by government agencies and non-profit organizations.

The City Council’s decision to give notice of default to Biofuels Power Corporation didn’t extend as far as Holcomb proposed in his initial motion, which was to begin the eviction process for the company and terminate the lease agreements on the properties.

“The actions that I have taken and will take in the future, are and will be, in my opinion, for the best interest of the citizens of Oak Ridge North,” Holcomb said. “… I am not pleased at the events that have occurred in the past, and I will continue to pursue these issues until a resolution is made.”

Moving forward

The ORN City Council will discuss and possibly vote on whether or not to terminate the lease agreements it has for the property.

“I think the company is taking the position, after last night, that Oak Ridge doesn’t want (the facility) there anymore,” said Steven McGuire, a founder and former Biofuels Power Corporation CEO. “If that’s the position, we’ll move it.”

The plant came online in August 2007, and was profitable for its first three months, primarily due to low fuel costs and soaring prices for natural gas.

McGuire said the plant operated some in early 2008, but the economic downturn has affected the company, much the same as with renewable fuel-powered generation sites all across the United States. In the case of BFC, one factor was sharply increasing prices for soybean oil, which the company uses to power its facility. At the same time, the price of natural gas, which is used in most electricity generation in Texas, plummeted, lowering the wholesale price of electricity.

In the months since the economic collapse, BFC has been looking for alternative fuel sources for the generators. If a suitable fuel source is found and the defaulted lease is taken care of, the facility could begin producing power again this summer, McGuire said.

[Crusader]

UP 18.5 % TODAY...NICE

NOW LET'S SEE SOME REAL UP VOLUME.