Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Cool new office space.
At a UPS store. Maybe they have an office upstairs?
Do they meet in the UPS store when CTG comes to town?
or at Starbucks?
If they want to close the deal, meeting at a Karaoke bar would likely be best.
Don't they typically have a shareholder meeting each year? No word on one this year.
This is not a purchase of stock, these seem to be acquired by members of the board for their service.
But, what is strange is the CEO/owner acquired 18000 and has a reported total of 40,000? Someone made a mistake or he never reported when he sold or transferred 20,000,000 shares?
See below for when he acquired 5 million shares and reported total ownership to be over 20 million. Now down to 40k?
https://www.sec.gov/Archives/edgar/data/1370489/000149315214002797/xslF345X03/form4.xml
Something is off.
And where are they getting these at?
Certainly not at 31 Musick, office has been vacated.
Spida, Here's a pertinent question:
Where did you guys move to?
Where are you operating from?
If Chinese bank officials or China Three Gorges came to California where are you meeting them? Starbucks? Karaoke bar?
Maybe Richard moved to China?
I am sure you can agree that knowing why the office is vacant is the most pertinent question right now.
Just dust bunnies left.
They should release an update to inform of their office move.
If there is a new office.
11 years and 30 million dollars later.
3 million a year to work in an office filing applications to US Gov to get grants and traveling to get investors, so they can, uh, make 3 million a year for 11 years.
Does anyone have 3 million for one more year?
The Bluefire website shows the vacated address.
The SEC.gov records show the emptied address too.
You think they would update the SEC, or at the very least their own website.
Phone number goes to an answering service, likely RingCentral which is forwarded to a cell phone, creating a "mobile office" which the user decides to answer or let it go to VM.
On standby for a new HQ address.
Anyone in the know?
Speaking of moved, where is Bluefire?
Their offices are vacant.
Does anyone know where they have moved to?
Anyone speak to the Klanns?
It's not the performance data.
It's a brute process, that works.
Not a delicate in the lab test, then tried on a commercial scale
It's the large sum of money that is the barrier.
$300 million.
Politics too. US left them high and dry. There was financing from Europe ready, but USDA Loan guarantee desperately disqualified the loan because they didn't want to guarantee a non-US bank and send money abroad.
China is the last hope and USDA in not there to block.
They will need to issue another 500,000,000 at this rate.
Still a bargain though, right! It will drop the price down below 1/10 of a penny, so we can afford twice as many.
Is Bluefire at 350 million shares issued now or 400 million?
Anyone keeping track?
A half dead cat bounce from what?
A dead cat bounce from .003 means it would bounce to... where it is now.
The only thing we will find out this week is how many shares are left from this latest toxic loan conversion.
An oldie but a goodie...
notice this guy is gone... since that post about a year ago, there were 200,000,000 shares issued to toxic loans... about $100K worth of loans.
Penny,
how many shares do you think are outstanding?
350 million or 400 million?
How soon until it's at the max half a billion?
Proof?
The proof is in the transfer agents hands and they are gagged.
You will see in the next quarterly report. No end in sight in more toxic loans.
But I am sure you will respond " right, no proof"
Toxic loans converting.
NO, kicking themselves because they should have waited for the overhang to sell off. Should be 1 cent soon.
Some may see that as a X-mas present.
Perhaps if you fancy coal in your stocking.
Toxic debt knows not to wait for Exim to quietly disappear like others before them.
Only 180K shares made it do this today?
Wait until the tens of millions hit.
Whoever paid 3 cents will be kicking themselves in another week or so.
Agreed it will go to $0.02 or lower.
It is way over priced right now for just having a LOI.
The over hang of millions of $0.001 shares that Bluefire handed out, is about to break off and the bids definitely will not be able to support it.
The LOI is just like those Pre-approved credit cards invitations you get in the mail. It's a LOI. Until they see your credit history and deny you the offer.
Remember, DOE walked away. It makes Bluefire look like damaged goods.
"the loan from EXIM Bank is almost a sure thing, once the remaining $30M grant is resolved with the DOE"
"almost a sure thing"
The grant is more than $30 million, it's 88 million. If DOE doesn't come aboard, then what? Reversal seems to be a 5% chance.
There's more obstacles here then the agility course at the dog show.
You are right Google is not a good example.
They didn't convert debt into their stock at $0.001 a share early on.
They knew they had an incredible product and didn't borrow $350,000 for 85% of the company.
The example is only to demonstrate that if you double your O/S shares, using those shares as currency to pay debt, it hurts you everytime. It's what companies do when they feel their company is not going to survive. If Bluefire survives, it's a mistake they will forever regret.
So if Google issued shares doubling it's outstanding shares
It wouldn't reflect in the stock price?
Just magically get ate up?
Especially is all those additional shares are given to people that are not investors and they play to cash out immediately?
What would happened is the stock would drop 50% by the mere doubling of the share count, then it would drop lower due to the oversell cash out.
How does news swallow up a debt?
There is $190K coming up and Bluefire wouldn't make money from news, they'd need stock to sell in order to make money.
Bluefire has to pay off the debt so it doesn't convert into shares at 50% below the lowest trade in the last 20 days...
The $190k would convert at a penny right now...
so another 19 million shares
better than the 190,000,000 shares already given out as low as 1/10 of a penny.
It's those 19 million shares and the other left over converted toxic debt shares that are to hit the market.
On big news, you'd be lucky to see more than 5 million shares trade in a day. So a long time to churn through the printing press of shares Bluefire keeps putting out.
Supply and demand.
Bluefire keeps out pacing the demand of Bluefire shares with a MASSIVE amount of supply. Hence price will go down.
You should hope so too.
Because if the toxic debt holders hold on, it will kill the stock later. Better sooner than later.
No,
the 2 million is part of the toxic debt conversion. Many more millions come with that.
They just want the max for their $0.001 conversion.
As EOY approaches, they will start the sell off.
Yes be very concerned.
DOE invited them to the party with a 90 million grant, then after about giving Bluefire 12 million, the DOE is willing to part ways and cut their losses while they can.
Why wouldn't they continue with the project?
While Bluefire collects on $12,000,000 tax payer dollars, they BORROW $350,000 and let it convert into shares give away 190,000,000 shares or 85% of the company.
You should be more concerned about the actions of Bluefire. Definitely not the actions of a company that thinks it will succeed.
Just pointing out the irony of those who put the company on a pedestal and ignore what decisions management made.
DEcisions to not pay back what was borrowed with cash, but instead gave away shares at less than par value of the actual paper: $0.001 per share.
Does the company share the same confidence when they allow a loan of $28,000 to convert to 28,000,000?
How is that not MASSIVE DILUTION?
And not like it was just one small loan and one whoopsie.
It happened multiple times to the tune of 190,000,000 shares or 85% of the total O/S shares.
Those are the moves of a company that does not share the same faith as those investing into them.
Just a reality check. The advice posted earlier:
Don't cheat, borrow or steal.
It is true, and Bluefire borrowed and chose to pay back dearly with stock, which a vast amount is still to hit the market.
we will have answers either way.
Yes, it can go either way. That's why IMO stock is coming down in the weeks and months to come.
Don't cheat, borrow or steal.
Sound advice, especially the borrow one: Don't sell 80% of your company at $0.001 a share to bottom feeding toxic debt.
BGreen, you posted that the stock would pop then go down.
Can you elaborate more on that, why you think there will be a steep drop. Toxic debt shares?
I know they are coming, just be nice to see others input on the most ignored fact with this stock, the fact that there are professional loan sharks, that couldn't care less about the company and need to keep their money moving.
Really?
I offer you $10 and you'd say no?
You wouldn't come back here and buy back 500 shares with that $10 when it hits 2 cents?
That's a 500 for 1 deal.
Yes you are 100% right.
No US bank will loan Bluefire money on their project, but they are buying the stock.
Sure. Sounds right to me.
Dad is the CEO,
Son is the CFO?
Who is the CTO? Cousin?
Who is Richard Klann?
I thought the CEO is Arnold Klann?
Are you sure you spoke with Bluefire?
Sounds like you got your names mixed up.
Who is the CFO?
I hope not that Chris Scott fellow, due to the SEC lawsuit.
"Should anyone have doubts of anything, always go to the source. Its so much easier than weeding through negativity or third-parties. I will be buying more shares this coming week. "
That is exactly the outcome Bluefire would hope for from your call.
Take the split out of the equation.
Split means nothing, because
1,000,000 shares at $1
is the same as
100,000 shares at $10
You made a couple math errors:
First, P/E ratio is on profits and not revenue.
Gross profit would be $19 million not $50 million.
Remember there is also a $270 million loan to pay off.
But also, if Bluefire issues another 220 million shares (they have authorized up to half a billion) then John's investment just got cut in half, diluted 50%.
There is still toxic debt hanging and conversions that Bluefire already proved that they don't pay back with currency, they pay back with stock.
I know many of you are confident, but if you were CEO with that confidence that this will all go through, would you raise $28,000 for 28,000,000 shares? Would you sell your stock at $0.001 for chump change if you think it would be worth $4.54 a share!
That means you are paying $4540 for each $1 raised.
It's hard to believe the company shares the same confidence here, with their actions.
About 190,000,000 shares sold at ~$0.001 to $0.003 range
"Doesn't matter -
Once revs come in from Ethanol production they could easily do a 2-1 to 5-1 split to reduce the OS and then do an uplist; problem solved."
So just issue as many shares as possible because later, you can just do a split and magically you keep the same value?
Wow!
So if Google or Apple issued double the O/S, they can just do a split later and all's good, same market cap with double O/S?
Do you work for the mint?
"So you see, if the loan materializes, that means the Chinese believe in Bluefire;"
Sadly more than Bluefire themselves.
You do understand, when Bluefire issues another 220 million shares that you have lost 50%?
Starting to make sense why so many do not understand the concept of MASSIVE DILUTION.
What happened in the past doesn't matter.
Really?
When faced with a cash flow problem, Bluefire decided to borrow $28,000 and pay it with stock at a 50% discount from the lowest trading day over 20 days? Bluefire chose to issue 28,000,000 shares, instead of paying back 28 grand?
Worse part is they did this multiple times.
Think about it. On this board it has been mentioned and dreamt that Bluefire is worth 1-2 billion and beyond.
Think about that. If Management thought the company was worth 1 billion, why in lord's name would they ever sell 10% of the company for $28,000?
10% of the Billion that some investors here believe Bluefire to be worth is $100,000,000.
Do you think Management thinks the same, as so to sell $100,000,000 of value for $28,000??
No way, No how.
For those that think this is worth 50 billion (ridiculous) then that means Bluefire Management felt that a $28,000 loan is better to give back in Massively discounted stock then simply pay it back? They could have raised $28,000 with a car wash, rather than give $5 billion perceived stock value at the $50 billion future valuation.
NO one sells themselves short by those VAST PROPORTIONS.
Think about it...
(no not the CEO washing cars in a wet t-shirt) but the valuation those on this board give Bluefire after Management themselves sold perceived future value of $100,000,000 value for $28,000.
Ultimate tally, Bluefire's raised approx. $300,000 by giving 85% of the company away (190,000,000 shares).
85% of 1 billion?
$300,000 for $850,000,000???
Company certainly doesn't think they are worth that. They are just looking to cover payroll by giving the company away.
Beware of what you invest in. Looking forward to the responses.
I will be posting all day if I had to substantiate your request...
I will start with this one:
http://www.marketwired.com/press-release/bluefire-announces-its-selection-mecs-inc-design-build-its-cellulose-ethanol-plants-707132.htm
Pointing out that you missed the original movie, and this is just the sequel... New audience, same plot and outcome.
? Where are you getting the information you are posting?
Is this factual or arsenomics?
Q1 Big Banks Buying Big Stakes?
Sure!! They love deals that haven't materialized. Especially after the DOE pulled funds after all their due diligence AND after the Loan Guarantee program decided it was too high risk to lend them anything.
US banks are going to buy this up big time based on a LOI from China? LOL. Sure! China's word is good as gold.
You can't even 'fact check' on this because it's all empty promises from a foreign country. Bluefire played this card 3 years ago, also from a knight in shining armor called China Huadian. Heard anything from them? Nope, just a pump news release, then nothing... ever.
3 years passes, new suckers come on the scene, why not do it again. Keeps the gravy train running!
US has lost 100% interest in renewable energy, pulled all funding and no loan guarantee program currently running. New propaganda has to come from overseas.
No institutional investing going on here. Only new sheep.
" If they are truly investing in BFRE, and as much as they are"
They are not buying Bluefire. No institutions would be buying Bluefire, unless someone was purposely looking to lose their job.
Pennyland, no operations, no financing, retracted DOE grant, recently on the brink of extinction at $0.0009, toxic debt coming out the ying-yang, no cash flow, enough funds on hand to survive a few weeks AND you think BNYMellon is buying!!
What??
This has absolutely nothing to do with Bluefire, unless Bluefire is a non-profit working on social change? and only need a slice of 1 million$? Huh?
I might as well post an article that turkey sales hit an all time high this year with 46 million turkeys sold in the US!
That means investors will be well fed and ready to buy up a ton of Bluefire stock!!
Oopsie... That was 2006...
10x more shares
10x more sheep
Not 1 drop of ethanol produced.
Bluefire Execs have purchased more fuel at the local Chevron this past week, than they will ever produce.