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no, this is not a scam. They are earnestly trying and came close. It is not over yet. Maybe they do not make it. But that is not because they are scamming. Do your DD first before you yell scam.
BFRE.0008 500 mill a/s link-->http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=jDBejhOi%252faHvRxSJaLC00g%253d%253d&nt7=0
a/s increase or r/s they could only issue 37mil and SS is maxed either r/s or raise cause they owe over $1.5mil BFRE Security Details
Share Structure
Market Value1 $462,680 a/o Oct 18, 2017
Authorized Shares 500,000,000 a/o Oct 10, 2017
Outstanding Shares 462,680,109 a/o Oct 10, 2017 https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12327125
I would abandon Mississippi. A move to China... or even to Canada and partner up. Once proven and running. return to the USA, but not backward thinking Mississippi.
Maybe this will result in them selling their technology to another company, in order to take care of this? The hope now is for a quick addition to the Fulton requirements to be able to build that plant, assuming the Chinese are still in, and the location in Fulton, MS, is still available?
Here is a handful. 8K out
On September 27, 2017, BlueFire Renewables, Inc., a Nevada Corporation (the “Company”) entered into a Settlement Agreement and Stipulation (the “Settlement Agreement”) with Tarpon Bay Partners, LLC, a Florida limited liability company (“TBP”), pursuant to which the Company agreed to issue common stock to TBP in exchange for the settlement of $999,630.45 (the “Settlement Amount”) of past-due obligations and accounts payable of the Company. TBP purchased the obligations and accounts payable from certain vendors of the Company as described below.
On October 11, 2017, the Circuit Court of Leon County, Florida (the “Court”), entered an order (the “TBP Order”) approving, among other things, the fairness of the terms and conditions of an exchange pursuant to Section 3(a)(10) of the Securities Act of 1933, as amended (the “Securities Act”), in accordance with a stipulation of settlement, pursuant to the Settlement Agreement between the Company and TBP, in the matter entitled Tarpon Bay Partners, LLC v. BlueFire Renewables, Inc. (the “TBP Action”). TBP commenced the TBP Action against the Company to recover an aggregate of $999,630.45 of past-due obligations and accounts payable of the Company (the “TBP Claim”), which TBP had purchased from certain vendors of the Company pursuant to the terms of separate receivable purchase agreements between TBP and each of such vendors (the “TBP Assigned Accounts”). The TBP Assigned Accounts relate to certain contractual obligations and legal services provided to the Company. The TBP Order provides for the full and final settlement of the TBP Claim and the TBP Action. The Settlement Agreement became effective and binding upon the Company and TBP upon execution of the TBP Order by the Court on October 11, 2017.
Pursuant to the terms of the Settlement Agreement approved by the TBP Order, on October 11, 2017, the Company agreed to issue to TBP shares (the “TBP Settlement Shares”) of the Company’s common stock, $0.001 par value (the “Common Stock”). The Settlement Agreement provides that the TBP Settlement Shares will be issued in one or more tranches, as necessary, sufficient to satisfy the TBP Settlement Amount through the issuance of freely trading securities issued pursuant to Section 3(a)(10) of the Securities Act. Pursuant to the Settlement Agreement, TBP may deliver a request to the Company for shares of Common Stock to be issued to TBP (the “TBP Share Request”).
The parties reasonably estimate that the fair market value of the TBP Settlement Shares to be received by TBP is equal to approximately $1,666,000. In connection with the Settlement Agreement, on October 16, 2017, the Company issued 37,000,000 shares of the Company’s common stock to TBP. Additional tranche requests shall be made as requested by TBP until the TBP Settlement Amount is paid in full.
In the event that the Company needs to increase the amount of its authorized common stock to satisfy its obligations under the Settlement Agreement, it will file a proxy statement with it shareholders reccommending an increase in the Company’s authorized shares.
The Settlement Agreement provides that in no event shall the number of shares of Common Stock issued to TBP or its designee in connection with the Settlement Agreement, when aggregated with all other shares of Common Stock then beneficially owned by TBP and its affiliates (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder), result in the beneficial ownership by TBP and its affiliates (as calculated pursuant to Section 13(d) of the Exchange Act and the rules and regulations thereunder) at any time of more than 9.99% of the Common Stock.
The Company has reserved a minimum of 37,319,891 shares of Common Stock to provide for issuances upon full satisfaction of the Settlement Amount. To the extent such shares do not satisfy the Settlement Amount, the Company anticipates taking the necessary steps to ensure it increases its authorized capital stock to meet its obligations under the Settlement Agreement.
It appears there might be, Rainer! Has anyone heard any news lately?
Nice one for sure!
BFRE Looking good would love to add if it pulls lower but probably not gonna happen.
They don't even have an office anymore richbob, give it up. Total scam...
https://www.yelp.com/biz/avin-dental-irvine
The office address is a dental supply office now.
Will be much more interesting when we hear some good news. I think the Fulton, MS deal may be having trouble working out after all this time, and if not, maybe they will merge with another energy company to fund it? Hoping for the best outcome!
Interesting day indeed magnet!
BFRE still in play i hope..hit 0012 bottom...any updates expected?
I have patience - the last 3-4 days have shown how BFRE could really
fly when the right news (eg partnership/new financing) appears. This
time it looks like false hope with volume tailing off quite quickly
and the price reverting to it's long term average
No regular poster has posted since you day traders showed up for this little pump n dump. Now you're stuck holding the bag like the rest of us, waiting for news that will probably never come.
The stupidity of some traders never ceases to amaze me. This was .0038 yesterday morning and peeps sell for .0014?
Someone got impatient and giving all cheaposs... all sells today got 0015 0018 0014 noww
Huge selling into the bid...hopefully once these morons are done it will run.
You dump all your .0009's here?
Looks like Stang is dumping his .0009's here. He quit posting here...
Not yet...had a nice run on Friday but no real follow up so far this week.
What's the news? DId something happen?
Really surprised by lack of volume this week. Hold and hope for now.
someone shaking with bid sells... added 0018 0015.. now its 002 again
Spread too wide now...need to close it up a little.
Agreed. Could see .003 in a flash.
Great load zone for sure!This stock can turn in a moments time!$$$
Nice...I got in Friday at 22. Should have waited but didn't think it would pull back this far.
got filled 0015 tooo
A ton of 18's available now on the ask...
Who dumps 1.5 million into a 300k bid??
Yep. Now we just need better bid support.
Yep...ran well Friday but pulled back hard yesterday. We'll see what happens today.
yes, looks like this could pop anytime with a little volume
Your name suits ya well buddy!Were gonna be all trading this at pennys + very soon!
Joined you, L2 looked good and nice retrace from fridays move
Added 002 0018 today...accumlation mode
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As of August 14, 2015, there were 246,890,278 shares outstanding
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