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I m sorry is he not supposed to have a life I’m a doctor and I post on Instagram different content. This is the world today. Also he isn’t being a knucklehead so relax
Is that from the horses mouth?
If it drops to 5 cents I’ll be buying again. As long as they aren’t diluting like they had stated they weren’t going to do I ll be invested here. Half the FUD here will be buying too. The business plan hasn’t changed and with more assets and bigger players coming in it just delays the timeline. I still have faith in Nick it’s easy to criticize from the sidelines.
I do wish if there are delays that they would update us. They had been transparent up to now so what’s changed?
Buy the fear but listen your right the company was very upfront and transparent in the beginning of there are other issues or delays then they can communicate with us shareholders
It’s not always pretty or easy but have faith
I spoke to Nick and told him mzaif on the ihub board is getting impatient can you please let us know what’s going on because he thinks it’s a scam. He told me he was working on The restructure but will drop everything so that the ihub and stocktwits community can stop crying about things that are in motion but out of his control. He also said if your impatient sell and watch everyone else make money In the future.
For legal purposes I didn’t talk to Nick but imagine this is part of what he would want to say
The time to wait doesn’t bother me but unfortunately some investors hang on every word. Better to under promise and over deliver. Riding a shit load of free shares was hoping to make a killing guess time will tell. Not really concerned at this point but will be watching to make sure they stick to the no dilution plan
No problem I m not sure what to think of the news yesterday. I figured some of those let go were worthless like a nobody retired guy that played for the eagles but I m confused about Kirk Yaiger I thought he was gonna play a bigger part
Think you mean chairman of the board not CEO
Impatient bit$hez that’s all. All good here
This shell had amazing potential unfortunately Jon sold this to the wrong people who then sold it to the wrong people sorry fellas this is gonna flop IMO
Just shaking the tree to see who folds on low volume push .
I wonder if the old class A shares are hitting the market now
NEWS$$$$$$
WOODLANDS, TX / ACCESSWIRE / March 5, 2024 / BlueFire Equipment Corp. (OTC PINK:BLFR) ("BLFR" or the "Company"), a specialist in emerging industry acquisitions, today announces the execution of a Combination Agreement with Ram Cap, LLC. ("Ram Cap"). The agreement entails the contribution of a $30 million line of credit and 10 LOIs secured with cash deposits in escrow with the LOIs valued at approximately $209 million. These assets are slated to be merged within 2024, commencing in Q2.
The Transaction:
Through an all-stock transaction, Ram Cap's CEO, Dr. D. Rene Ramirez, executed a Combination Agreement with BlueFire Equipment Corp. (BLFR), contributing necessary capital and transferring select assets to BLFR in exchange for the issuance of 54,000,000 shares of series A preferred stock. As part of the transaction, Rene succeeds Kirk Yariger as Chairman of the Board, leading the Board of Directors, which includes Rene, T. Dan Powers, and Nickolas S. Tabraue. They plan to expand the board to seven members as the company progresses. Kirk transitions from Chairman of the Board to focus on managing Screaming Eagle Partners, LLC. ("SEP"), and Screaming Energy, LLC. ("SEE"). The executive team remains intact, with Matthew Goldston as CFO and Nickolas serving as Interim CEO, Chief Compliance Officer, and Investor Relations Officer. The board will appoint key roles to enhance efficiency and meet merger requirements for companies slated to join in 2024.
In conjunction with the issuance of series A preferred stock to Ram Cap, Prior Series A Shareholders from the SEPacquisition in late 2023 will convert their shares to common stock under a First Right of Refusal/Leak-Out Agreement.
The Assigned Secured Line of Credit:
Through Ram Cap, the Company has been assigned $30 million out of the $185 million secured line of credit from Ram Cap's controlling interest in Ramirez Capital, LLC. The line of credit will be utilized to acquire numerous companies throughout 2024, with the option to increase the assigned line to the Company if needed.
Cash Deposit Secured LOI Mergers:
Through Ram Cap, the Company has been assigned cash deposit secured LOIs to acquire membership interest or assets from 10 companies with an approximate total value of $209,000,000 from Ram Cap's controlling interest in Ramirez Capital Holdings, LLC and Ramirez Capital, LLC. The companies under LOI are planned to be merged into BLFR within 2024, with the first acquisition scheduled for Q2.
Companies being Merged and Values (separate from prior announced acquisitions in progress):
Company Focus
Value
Merger Timeline
Construction Equipment & Real Estate*
$47,000,0000
Q2 2024
Manufacturing, Service, Property & Real Estate*
$44,000,000
Q2/Q3 2024
Property & Real Estate*
$16,500,000
Q2/Q3/Q4 2024
Equipment/Tool Rental*
$27,774,299
Q3 2024
Well Service*
$72,300,000
Q3/Q4 2024
Well Service and Rental*
$14,700,000
Q3/Q4 2024
Aviation*
$3,500,000
Q4 2024
Health Safety*
$12,500,000
Q4 2024
Plugging and Abandonment*
$3,500,000
Q4 2024
Trucking*
$14,200,000
Q4 2024
*The companies are under a Confidentiality Agreement until closed and merged.
About Dr. D. Rene Ramirez:
Dr. Ramirez received his Doctor of Pharmacy degree from Texas Tech University Health Sciences Center. Prior to attending pharmacy school, Dr. Ramirez was a third-generation oil & gas employee experienced in Oil Production, Well Servicing, Fluid Services, Pipeline Maintenance, Dirt Work/Construction, Refinery and Gas Plant Maintenance, and Hydrovac/Hydro Excavation. Dr. Ramirez was also a Certified Safety, Health, & Environmental Instructor, an Accident Investigator, and a First Aid, CPR, and Basic Life Support Instructor. As a pharmacist, Dr. Ramirez has specialized in Healthcare IT, Data Transmission, Collection, and Analysis, Employee Benefits, Insurance, Pharmacy Construction and Workflow Design, and Third-Party Administration specializing in Federal Compliance and Insurance Processing.
About T. Dan Powers:
Mr. Power's brings an extensive knowledge of the oil and gas industry, and specializes in mergers, acquisitions, and divestitures. Mr. Powers' areas of expertise include Well Servicing, Fishing & Rental, Completion Systems, Fluid Services, Water Systems, Automation & Construction, Production Chemicals, and Manufacturing & Fabrication. While serving as Vice-President of Business Development for Globe Energy Services, Mr. Powers was instrumental in Globe's expansion from $20 Million in annualized revenue to $450 Million in annualized revenue. Mr. Powers is a Certified Appraiser, a member of the Association of Energy Service Companies, International Association of Drilling Contractors, Permian Basin Petroleum Association, and on the Board of the Permian Basin International Oil Show.
Dr. D. Rene Ramirez, BLFR's new Chairman of the Board comments, "We believe that BlueFire is uniquely positioned to experience tremendous growth in 2024 due to their acquisition of Screaming Eagle Partners assets last year. Ram Cap brings an extensive team of production analysts, engineers, geologists, landmen, drilling supervisors, and completion specialists that can provide the human capital required to experience aggressive production increases with BLFR's current assets and prospective well acquisitions. Our team also brings a comprehensive knowledge base in environmental remediation and waste management, which will help BlueFire and its subsidiaries produce our nations resources in a safe, efficient, and environmentally responsible manner."
Nickolas S. Tabraue, BLFR's Interim CEO and Director of the Board, comments, "After weeks of silence, we have finally selected and structured the best opportunity for BLFR and our loyal shareholders. We feel that this arrangement and plan will accelerate and exceed our growth without the need to raise capital through the capital markets, keeping our share structure intact while bringing the most immediate intrinsic value to our shareholders."
View the executed Combination Agreement and supporting documents: https://www.otcmarkets.com/stock/BLFR/disclosure
Never can get mad at taking profits
Gltu
Unsolicited quotes suck who knows how many shares are really at .35 Mostly all buying today at the ask and we still don’t know how much left
Have you heard about the Quiet Period? It is a phase when companies halt all kinds of PR and publicity campaigns for some time. Many communication professionals (comms pros) witness this event at some point in their profession. During a quiet period, brands avoid media attention and try to maintain a low-key as much as possible. Now the question is why do companies observe a quiet period? Companies usually refrain from media engagement and publicity when they gear up for major transitions like business restructuring or an Initial Public Offer (IPO). During arbitrations, legal teams advise spokespersons to refrain from making industry positioning statements/comments that might create legal complications. Several factors like the criticality of business reforms, guidelines set by legal/compliance teams, market sentiments and its impact on the business can influence the duration companies avoid media engagement.
The quiet period is challenging for PR and comms teams. They face a lot of limitations in running the show, and budget cuts impact their publicity campaigns. Companies are bound to exercise utmost care while sharing business information in the public domain. The legal team scrutinise every message in line with the publicity guidelines. Quiet period, if stretched too long can become frustrating for comms pros and put them in a tricky situation. Media relations is a critical aspect of public relations, and they cannot afford to remain invisible with journalists. Avoiding media queries can further hamper their relations and may result in negative coverage. Striking a balance between media visibility and legal framework can be tough for PR pros. However, patience and creativity can help them navigate the pressure during such critical times. Leveraging unconventional ways of communication can help them push brand narratives subtly without irking key stakeholders.
I appreciate your honesty
Good luck to you
Just noticed you have really taken a disliking to all of Borders tickers he is involved with. Do you have a personal issue with him or something
Very very well said many either get fooled or don’t have the stomach to hold and it’s hard to blame them because it’s the OTC is most of the time these companies are full of it.
…..But not this one just got to let the plan play out. As long as they follow through on their plan we ll all be good
It’s commical to say the least. It’s either posters trying to get cheaper shares by fear or noobies who can’t be patient. This is gonna be a winner this is the one we have been waiting for.
Chinese economy is in the crapper right now maybe we get lucky and they sell again
Guess we will see
Thanks for some cheapies will go up just as quick
Company has to prove they care about its shareholders. Been here a long time old regime never followed through on any of its so called ventures
IF they are in a quiet period that is a good thing. That means the acquisition is closing.
Cmon bro really????
If you think this is long just see how long it takes for the name change
It’s not like they can snap their fingers and poof they are gone. It’s a legal process bro. And they have to wait for different sides to do different things. It’s not like they are running from it they are updating us As the process rolls on
You should be more concerned with closing the acquisitions and bringing more BOD on board. That is the part they have more control of
Best pinky SS they plan to destroy
Lots of shares accumulated at this .37-.43 range
March at least maybe need to see 2 quarters of incr revs. As long as they don’t dilute we ll be ok. If they change course then you know we ve been duped. That being said IMO they have done everything they said they were gonna do and are building a very profitable business. I know they aren’t ihub posters timeline.
People expecting to be millionaires over night most of these tickers are fake bs companies. Most are impatient. I m optimistic here and will be patient. Still keeping my eyes open though
What has it been 2 weeks lol. Tough crowd here.
I don’t know squat about Borders. What I m looking for is acquisitions and increasing Barrels a day of oil. And increasing revenues from q to q. If they are making money then volume and sp will follow.
Companies are not on investors timelines. At the end of the day they are waiting on FINRA. Q1 Q2 who cares as long as it happens. It’s not like they aren’t being transparent about the process.
IMO it’s more important they rework the wells and increase production of oil. Do the math on 5-10 thousand barrels a day of oil on revenues and then figure out what SP should be
IF they are for real and making that much revenue it will be noticed by bigger pockets than you and me
BLFR As more assets get aquired as more wells get reworked and as we up the BOD of oil the revs will skyrocket and sp will follow. Some were expecting to be millionaires overnight i guess. Rewards for the patient ones coming in time
All BLFR has to do is execute its plan. If we get to 10k BOD everything will take care of itself. Just keep an eye on those production reports
It wasn’t news it was a recap of what they have accomplished this far
Merry Christmas. BLFR family
Their website is live