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I know the China deal is done,and the Fulton, MS plant, since the final part of financing was never approved by the DOE. I do believe they are seeking another company to either buy out the BFRE patents, or else make some kind of merger deal, where the other company would agree to provide all the financing, or maybe some similar type of agreement? We just need to wait and hope for the best.
if Klann and IR won't respond for weeks/months, how else would you like them to say "we're done, kaput"?
maybe cease filing the required SEC documents?
in reality, the management of Bluefire has communicated their failure
some just refuse to accept
spec
I totally agree! Mr. Klann needs to inform his investors on advancements, or failures! I can handle losing money on a stock that failed, no problem! But getting scammed or lied too is totally absurd! I'm optimistic on a solution problem solving of trash by turning it into energy. The biomass is out there, we just need heads up in are we moving forward, or do we need to move on?
Yes, absolutely!
Anybody read, heard or seen anything lately on this stock? Mr Klann needs to inform his investors with something! Even if it doesn't look good! I'm just saying! I can't see why anyone wouldn't see the potential fuel from trash would have on an economy.
Too bad they could not get it together. I sold all but a few shares long ago. Thanks for your update and great research as usual!!
It's available through the SEC website on the legal section, it is an administrative action so it is different than a lawsuit
IIRC, it was for an improper sale of stock, a huge block
so now they're stuck with the same unmarketable process, making ZERO revenue, zero interested parties, zero communication with shareholders
and it looks like they're headed to grey sheet, the only place lower than a non-reporting pink sheet
IMO, it's not even worth looking up the details because BFRE is TOAST ...
... and has been toast for years despite wishful thinking that was based on smoke and mirrors to begin with
whatever anyone is able to get for their shares now is all they will ever get
the stock will be totally worthless when they get delisted and that will be soon
investors can recall the better days when it was 100 shares of BFRE for a buck
now it's 100 shares for less than 5 cents, literally worth less that the paper it would be printed on
I've been right about this company from the beginning, I'm ALWAYS right
right newmanspencer?
spec
Spec, do you know any more info on this? What was the reason for the order? Have a great day. Monroe
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 78955 / September 27, 2016
ADMINISTRATIVE PROCEEDING
File No. 3-17585
In the Matter of
BLUEFIRE RENEWABLES,
INC.,
Respondent.
ORDER INSTITUTING CEASE-ANDDESIST PROCEEDINGS PURSUANT TO
SECTION 21C OF THE SECURITIES
EXCHANGE ACT OF 1934, MAKING
FINDINGS, AND IMPOSING A CEASEAND-DESIST ORDER
I.
The Securities and Exchange Commission (“Commission”) deems it appropriate that ceaseand-desist proceedings be, and hereby are, instituted pursuant to Section 21C of the Securities
Exchange Act of 1934 (“Exchange Act”), against Bluefire Renewables, Inc. (“Bluefire” or
“Respondent”).
please fill my .0001s please im trying to frontload
thanks in advance
This is certainly good news for BFRE, if they are able to go ahead with plans to build the Fulton, MS cellulosic ethanol plant? Has anyone heard of any plans for BFRE to merge with, or sell to another energy company that would be able to fund the expected $300M cost to build and manage the new plant?
I am still hoping the Trump Admin. will help with financing, assuming the Chinese are still willing to fund 90%, or $270M of that plant.
https://www.natlawreview.com/article/epa-announces-plan-to-classify-wood-based-power-carbon-neutral?utm_content=c8dc325c1c6cceb4d0fc8a83b029e50c&utm_campaign=2019..5.2Whats%20Most%20Read%20on%20the%20National%20Law%20Review%20in%20April%202019&utm_source=Robly.com&utm_medium=email
This is good news.
Yes, he will win by a landslide, bigger than before. 2 Trillion slated for infrastructure development.
Actually, I fully expect Trump to be re-elected in 2020, which will be good news for our economy and energy markets. My concern now is where BFRE will be able to either get full financing for their future Fulton, MS. plant, or else get bought out by a large energy company that could fund the plant them selves?
Great point! Even horses could be banned by her. They fart and poop too much thus releasing too much methane into the atmosphere. Shouldn't be a problem in Frisco as the huge numbers of street people are defecating in the open and nobody seems to care enough to do anything about it.
Yes, but AOC would also ban all vehicles from our roads, leaving little reason to even make gasoline additives like ethanol? [:^(
He should go up to NY and talk with AOC. She seems to have the green connections.
Monroe1, we don't know much on this end, for sure! I even emailed Pres. Arnie Klann regarding the status of the deal with GS Caltex in S. Korea, but got no reply? It appears that deal was never completed.
I know most, if not all, other employees resigned over a year ago, and they need to soon either merge with or sell out to another energy company who may be interested in the unique BFRE process.
If they continue to delay issuing required financial statements, their stock may be de-listed for public buying and selling?
If BRFE can knock on the right doors, a big if at this point, but with adversity sometimes comes advancement. The political environment has dramatically shifted in favor of these new techs. I sure hope they make something of this effort. It would be professional of them to keep the investors informed. There is no excuse for not clueing us in. But there may be good reason for them that we are not privvy too at this point. Who knows on this end>>>>???????
Monroe1, to answer your last post, BFRE never did own that future plant site in Fulton, MS, as the would only lease it for some length of time. As I understand it now, whatever temporary rights they had to prepare the site has now expired, and to build a plant there now would likely require a whole new agreement with the local Gov.
As you know, BFRE never got the additional grant in order to begin actual plant construction, also most employees, which included a couple experts in plant design and operation have left the company over a year ago now.
I believe the only hope now for Arnie Klann at BFRE is to either merge or sell his company or patent rights, etc., to a larger company in the energy business. There has been no word as to whether anything is actually happening in this either.
The deal with GS Caltex in S. Korea was only to use the BFRE technology for making sucrose, with which Caltex would use for making additional products, which could include ethanol, and a few chemically-related other products. That would have only generated some patent-rights and related income for BFRE, as I understood it. There has been no word as to whether the first sucrose plant using BFRE Technology has been constructed. SucreSource, LLC is the name BFRE set up for producing only the sucrose(sugar) from which the other company would make its final product(s).
Jer, The BFRE process works in a sequence: First, the concentrated acid hydrolysis process turns the waste material into Sucrose, which is a form of sugar. After that is collected, they have the choice of using that as raw material for one of several possible final products, the one BFRE has selected being ethanol.
In the case of their deal with Caltex GS in S.Korea, they only wanted the sucrose to be made by the BFRE process, and then Caltex will use their own production equipment and processes to make their own final product(s). BFRE started an LLC subsidiary company to make just the sucrose, which they call SucreSource, LLC.
Unfortunately, I have been unable to find out where Caltex stands on that deal with BFRE, as BFRE has not released any recent info since the deal was made several years ago.
The Fukton, MS project, as far as I know is dead now, since they have been unable to raise the additional $30M to complete its funding( Chinese EXIM Bank had agreed to lend $270M, but they needed $300M to complete, hire people, and startup the plant. The US DOE had originally made a grant to BFRE for starting this plant, and there was at least another $30M available on that grant, but before BFRE was given the last portion of it, the DOE reneged on the remaining grant money originally offered to BFRE.
I am still waiting for answers too, but for now, it does not look good for BFRE's future. I am highly disappointed, as I truly think their unique process would operate faster and more economically than other cellulosic ethanol producers who use enzymes instead of acid, and who are really struggling with the economics of their operating plants.
Hey Jer I am not up to date on this as I once was. Last I heard they were still looking for money to continue building the plant. Not sure if they still own the land in Mississippi.Great idea that deserves to make it.
Hey there do you know anything about what this company actually does if they actually turn waste into fuel or whatever i just found out about this company but now i'm reading it makes sugar not fuel... I made a couple of posts as well if you could provide any information that would be great. Thanks!
Um i thought they turned this stuff into fuel not sugar... Why does it say they convert alcohol and fuel ethanol into to citric acid or whatever? So from what i think i understand they turn waste into fuel ethanol that they then turn into sugar??? Or does this company not make fuel at all? I'm very confused, please someone give me an update. Thank you!
Anyone know if the fuel they get from these wastes can be used in modern vehicles that take gas and diesel? Do they get all the waste for no cost? and how they are in $1.29 million debt with $277 thousand market cap?? When did they figure out how to make the fuel from waste and i'm guessing it cost alot of money for the research to figure out how to do it. I heard that fuel made from hemp is a flop market but fuel made from waste could actually be profitable i assume.. Taking into account how much it costs to make, i'm guessing the refinery's must cost alot to make so they must have spent lots of their money on that... How far is this company from going bankrupt? i'm guessing pretty damn close.
I am still waiting to hear what is happening at GS Caltex, South Korea, who had a deal with BFRE's SucreSource LLC subsidiary, to produce sugar(sucrose) from cellulosic raw materials, and then make various products including ethanol using the GS Caltex technology. I have heard nothing, either from BFRE or from GS Caltex, on whether or not this plant was ever constructed in Korea? Has anyone here heard any more about this?
I actually thought the farm bill that was passed would've had a big impact on the cellulosic side of ethanol. Agriculture residue is a great commodity in production of cellulosic ethanol.
Three Gorges, China, River, Hyrdo-Electric Plant would also be interested in this. They have a lot of chicken poop in China.
Chinese involvement on Bluefire Renewables would be up to president Trump! Lol! As far as the Fulton project, I thought it had bankrupted due to shortage of funds. Could be wrong!
Will the Chinese be allowed to participate. As it stands now, China is holding off and the US vice versa. If the Japanese were smart they would step in. But how much better could it get if Dept. of the Interior or another agency like the Dept. of Energy. This is likely to get a helping hand as the climate is improving for renewed energy under the new administration.
There seems to be a renewed interest in clean energy again! Maybe the Gov. will change their minds about that $30M they reneged on a few years ago and, if they do, will the Chinese still be interested, and will the Fulton, MS plant site still be available??
That is not why they pulled the grant. Politics entered the scene. But the outcome is as you say... didn't happen and they failed to find alternative sources of capital.
link back - I nailed it
spec
Wow anyone remember this at like 2-5 cents? I do sure glad i didnt buy this one
I have not heard anything as of yet. I believe a China agreement will show all of Asia things are to be better for all the world. So many dollars waiting to return as investments into the USA. The Fed is messing with things, the idea is political sadly to make the end of the year look bad for the administration. Thanks goodness Korea is progressive in development. I think we have to be close.
Monroe1, it seems that most of us are now waiting in the shadows, waiting for something good to happen.
Has anyone heard of how the Korean deal using BFRE's SucreSource for sugar production is doing? It should by now have proven out the Arkenol strong acid hydrolysis process using cellulosic raw materials, including many waste products, etc.
I hang on to a little just to watch it, waiting in the shadows.
I am not one. There are 5 billion shares authorized.
As of April 17, 2017, a total of 926,198,109 shares of the Company’s common stock are currently outstanding held by approximately 850 shareholders of record. Any of You wouldn't be one of the 850? Would you?
Well they're delinquent on their filings now and headed for de-listing
Someone was claiming $5/share was where this useless company was headed
Those claiming returns like that were probably scammed or were part of the scam
It always was a worthless, outdated, inefficient process marketed by people who were either idiots or scammers
or both
spec
Anybody heard anything? Geese! The potential of a new source of energy from trash and waste! Give us some news BFRE!
Has anyone here heard anything at all from management about future plans and expectations?
Yes, PennyMaster, they do need to report something to us about what is going on in any negotiations to either sell or merge with a larger energy company?
$$BFRE took some .0002 lotto, 926 mill OS as of 08/01/2018
https://www.otcmarkets.com/stock/BFRE/security …
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