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Mgmt will not communicate with their shareholders. I think they have something that may work but noone knows for sure. They are obviously having issues raising money most likely because of their hush hush stance. Very frustrating.
Arrogant CEOs cause price drops like this. Ben will not talk to shareholders about long term plans so they get fed up and sell. Simple as that. Meanwhile he has lost millions on his own shares and really doesn't seem to care. Bad recipe.
Of course. Our guys can't raise money without giving away shares under the market price.
Can't get into see this. Can you summarize please. Did we lose out on another deal ?
For all the PVCT people that can not get into IV. We would love to have you join us on our PCVT Facebook chat if you are interested.
I agree they get paid before anything else meanwhile we can't even get a freaking shareholder letter update. We are all clueless and this is getting criminal.
Amen brother
They have been gone for a couple of years. I'm sure they were given the silent treatment as well and bailed a while ago. You can't blame them when they had so many shares.
We are nor sure what the arrangements are because the 8k has not been filed explaining. Shouldn't this partnership be an 8k event ?
We still have to build a plant to convert cellulose to sugars. That will take at least a year even if they had the funds right now which they don't. I'm assuming 25 to 45 million dollars for that. Let's hope vertimass knows some folks with moolah. You can't hide what you have and expect people to throw money at you in this environment.
Whoa there. Let's not put the cart before the horse. We still need funding for this project of which we have heard nothing about. Then they have to build a plant that works. I'm assuming the tech works but have not seen any validation of such. There is no way this plant will be done until 2025 best case scenario. Other than that I like where you are going with that article. Can Ben and Anthony pull this off ? They had a very difficult time getting 350 on the last offering and that is only because their own board bought it up. Time will tell.
Technically we are on our way back down under a dime I believe. Without a real update on what this means for BIOF and how funding will work and a real timeline, people will continue to sell. All indicators have turned negative. Should stop at .093
You are right. That would cover many plants.
We need lots more than that to build a plant. Glad to get some news. I am still curious if this deal is signed or not and will the new company make a deal maybe with a large airline to get some cash up front.
I understand. The sellers are weakening but there is no reason to buy this until we hear what is going on thus not many buyers as well. I truly hope that changes soon.
Yep that's why he have an 8 handle lol
Jan 2026 or 7 ?
I picked up some more but that is it. They need to show ilus what us going on under the hood. They have very little cash left. It'd going to be interesting to say the least.
Lots of people saying "F" it today. Not a lot of votes for a company with no real updates.
Merry Christmas to you as well. Hopefully we will actually hear what is going on next year.
Aligned with shareholders expectations LOL
Steady demand for the companies offerings LOL
The decline in losses comes from the fact that they are running out if cash and will not update shareholders on what has happened over that last 12 months as we continue to hit 52 week lows.
This is just crazy 🤪
This may be the dumbest article I have EVER read. The stock is at yearly lows and this guy is bragging about reducing costs. This would be great if we actually made money. You think we will ever see third party data that was promised ? I'm hoping for a miracle on this one.
Scalability ? We STILL do not have 3rd party results that show it works in the first place. We know it converts well but that is all. So if I throw a beer can in the machine 100% of the can will come out the other end. We need to know that it works because shareholders do not know and that is the main problem right now. Then comes scalability and then cash depending on how you look at it.
The next semi commercial will be able to handle 50,000 tons per day.
Review it ? They need to make cash any way they can in order to make money to finish this commercialization. They have a semi commercial plant. Let's use it and grow this company and show that it works.
I understand what you are saying about certification but why can't we get an update on which direction we are heading ? We have patents on much of the process anyway. Just hate being left out in the dark.
Great message. Most BIOF shareholders have been here for a long time and would just like a real update. That is all. After all we are owners in this company. No institution is investing in this without knowledge of what is going on behind the scenes. Why should we be treated differently ? I have said this in the past but if Ben has pulled this off then this is huge and I would be adding every extra penny I could only if I knew the plan. No plan and no knowledge keeps me away from further participation and i am not he only one as i talk to other shareholders often.Thanks for your post.
A whole 450k investment at today's prices. Real institutional folks drive cars worth more than that. Lol I tell you what though, they come out and show that this actually works with a third party validation or a partner and institutional ownership would sky rocket. Keep up the silent game and people will continue to divest. Anthony was supposed to be connected to hedge funds but I haven't seen anything from him but selling stock at good prices. Hope this works out. I really do. With oil prices up now is the time.
I can tell you this. As the stock price drops and it started at 1 dollar and now is 12 pennies people start to wonder if something is wrong. Ben has not said anything to refute that something is wrong. We were told that we would have third party test results. We have never seen them and that is why this is selling off. I hope this ends up working OK but shareholders have the right to know what is going on with their company.
Yep pretty sure this thing is done. Ben in all his glory will not let us know what is going on so people bail on him.
That was from July. The private is closed.
Good luck to you as well. Shareholders are getting ancy. I have been in otc successful stocks before and they ALL updated their shareholders. What we need to know :
How are we moving forward. Partnership, JV outside investment.
Where are we getting the funds to move forward. The privates are not working.
How much can we produce and when does this start ?
When will the next reactor be ready ? Has it been ordered ?
We know nothing important.
This is certainly not a third party validation. Do you understand this correct? It is logical that 100% of what goes in will come out in some form. We need to know how much of that is sugars, lignin, and waste. We also need to know where the money is going to come from to build thr next reactor and how many years will that take to be ready. We have no update from this management and that is why the stock continues to sell off.
MOU isn't worth the paper it is written on. Stock didn't move because it means nothing. I am not saying it doesn't work. I am saying give me the third party validation they promised us. IF I know it works, then I would put every extra penny into it because it would be a game changer. IF it works then why not show us the proof. Now you get it ?
We STILL do not have a third party validation that it works. We need that BEFORE anyone including me will invest another penny. They started testing 7 months ago and we still have not heard a peep. So either the results were negative or Ben is keeping everything quiet trying to get a deal of some kind. I get corporate updates from my other companies I invest in but not here. We need funds in a big way so I love your article and what it represents. Just not sure if our mgmt understands how to maximize share value. That's why the private placements keep dropping lower. I hope they surprise us. We deserve it as well as mgmt.
We still do not know if our gen 5 even works. We have no update from our company and they are not saying anything. So don't get to far ahead here. First we need a third party testing update.
Then ya I would blow out of your holdings. They will get picked up quick. Good luck to you.
Then I would give ben a call or text and let him know. Maybe he would take it off your hands or would give you some info to make you feel better.
I'm confused. Wasn't that you that sold out yesterday ? Ben has a plan. He is QUIET. I DONT like it either and I think he manages the shareholders horribly but he has a plan and will come out with it at some point. Probably a 2024 story I would bet.