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It's hard to tell. What I heard could have been some upper mgmt tales to keep others from selling. They only put out what they want you to hear. Nothing solid.
I heard that he was older and his wife did not want the risk. It took him a long time to finally sell it all. I am starting to worry about this investment. Ben is a good engineer but doesn't know the business side or how to work with investors to create excitement. There is absolutely no excitement about this stock at all and that is the reason we can't fill a little private placement. We have to be much higher to get listed and it will never get there without transparency. I think Ben will have to reverse us to get listed but it will fail as the big guys short it back down to where we started. I really have no clue what Anthony does all day.
But the good news is that if this works and we have the capacity to convert 2 tons per day right now then there should be some type of income right away to pay bills. The main is problem is that we are all guessing right now with NO CLEAR timeline. This has been going on for 2 years. The shareholders deserve to know what the timeline is. Are we going to build plants, partner, go it alone, sell outright ? Noone knows. Apple, MSFT and AMZN all put out shareholder updates but have no clue what's going on. Unprofessional. If there is something can't be said then we can read through that but we need to know what's happening and what the timelines are.
Same video as last time but for the added acreage which we all saw already in the press release. So we have to scale up 2 more times before we can make money. Sounds like another 3 plus years to me at Ben and Anthony speed. Maybe longer. Look how long it took to get the gen5.
No clue Val. You would think with the all the shares that they own they would want it higher but here we are. They have been vague in all of their news releases. I think it really works. I really do. Maybe they are just getting things in order ie patents. I think we need third party results of what this system puts out and then we are off to the races. Best estimate next 3 to 5 months for that. Let's hope the world doesn't explode financially or literally before then.
When they come out with actual information. They obviously want the price low.
And yet we can't catch a bid. So we know that 100 % that goes in then comes out at 100 % conversion rate. So If I throw a stick in the gen5 100 % of the stick comes out. We the world are unsure of is how much sugar and lignin come out and that's what we need to know. It is good news that they are picking up more acreage because then you can assume that something good is coming out of the machine or they wouldn't be planting more king grass. We need third party audit numbers. Good news though. We just need more actual numbers.
We have been hearing that for years momo. I thank you for your detailed post but many investors do not have the risk appetite for this right now. I would buy this every day at this price If I knew it worked. Ya ya I know the press release says it is scalable but then they should have NO issues filling a small placement at .15 but they have not been able to. The fact that they go so long without news is concerning and scary to an investor like me. Why would I buy more ? I hope it works. I really do. You need special mgmt to run a company like this. Maybe someone who answers questions in a real way or at least puts out a shareholder letter on occasion. People are scared and selling because they don't know what is going on. Fact
When you starve your audience with lack of news, most just move on. They may know how to make reactors but they have no clue on how to work the stock in their favor. Sometimes I wonder if they want the stock price low.
We must be out of Healthcare and now in the lawsuit business huh ?
Ben is VERY close to the vest with info. I don't like it either but I do trust him. I believe the gen5 is in Florida and they are testing. I know that he doesn't want to hype this. The news will be out when it us warranted in my opinion.
This is from last August.
Sometimes I wonder with the lack of news if Ben and Anthony are trying to tank this company on purpose. Someone is trying to get out at any cost.
500000 now and all the rest is 100k in March June September December and then the rest in 2025
If this technology is validated then we are off to the races. Companies have been trying to solve this dilemma for a LONG time. They will throw so much money at these guys when their is validation. UAL just started a fund just for jet fuel creation this week. Just think about this for a minute.
How much is left?
How many acquisition shares ?
More dilution huh. I guess we know the real reason there is no call this Friday. He knew that was coming. What a turd ceo. So much potential but he is burning it to the ground. GXXM 2 I guess.
It has been corrected and back to 150mm.
Blue Biofuels; Recapping the Company's First Half of the Year & What to Look Forward to
I agree marketman but they do a lot of self destruction when it comes to being so quiet. I think they have the real deal and now is a perfect time to show the world what they have put together. The gen5 cant get here soon enough.
Correct 150 million outstanding shares is not bad but my point is that the price will continue to be under pressure until they are done selling. I love our business model otherwise.
Joey said on a zoom call that they will top out at around 150 million before they start going down.
So is the massive selling. Sellers at every level. Still have 13 million to convert.
No one wants to talk to you. I'm sorry you dont see it
Alitrade still covering BIOF
Altitradepartners.blogspot.com
They are developing a technology. Price is not the only factor that dictates success. That will come soon enough when success is proven. I think they will be successful but we will see. Bitching here does absolutely nothing.
Quit acting like you are an expert in all things BIOF. You know nothing but extreme emotion.
Made a ton of money on pred ! No birds lost on it though and that is why he is here complaining and his name is based on Barry having a bird. Lol you cant make this crap up. Human nature is pretty amazing. Barry was involved with Daniel who had a bad process that didn't work non stop which is a huge detriment. We are light years farther now and Barry is not involved so maybe try your detective work in a way that may offer real insight.
Made a ton of money on pred ! No birds lost on it though and that is why he is here complaining and his name is based on Barry having a bird. Lol you cant make this crap up.
Ok thanks
Hey Marty did they send you a cert or just put them in the account? I have TD, I will have to look.
People blowing out because the company is too tight lipped to let us know what the heck is going on. I called this market correction a year ago and said we would need the price up before market corrected. Now we are stuck.
Supposedly that number is wrong and will be updated by Tuesday at close to 100 million.
Thanks Dak. I looked over it but will take another peek.
They did a pp at .25 when the stock was trading .90. Maybe they knew it was going to drop but they could have raised at least at .50 and doubled what they took in. I dont have all the answers but I do have questions. I just want to know what is going on. That's all. It's fair.
Dak I think that is great but first of all it has been years since bk. Not just months. It is great they can get 99 % but we still do not have any production numbers until gen 5 is running which it looks like we do not have money to build unless we reverse split. We can have the greatest tech in the world but is worthless if we cant afford to build it. My point is they let the stock price slide because they do bot know how to tell shareholders what is going on so people sell. I am long but it is hard to raise money in a bear market which we are in. Come out and tell us we have enough cash to build it or what the plan is. When will it be built ? What happens afterwards ? When can we expect production numbers?
Free shares do not count. He screwed himself by not so m.k ing out with real news and trying to be sneaky. Now he has a .14 stock and no way of raising money. Should have raised when it was a dollar at a dollar but they dont listen to us.
I think he was burned on another Barry stock and owns some of this stock back in the days when Barry was pushing it. That's why he has the no birds allowed name.
I'm no fan of No Birds Allowed Dak but I understand his concerns. I am concerned. They will not release any news that can actually lift the price. We need third party validation that we were supposed to have last year. I'm under water now in the pp and I appreciate the hard work mgmt has put in but it is obvious we need money and we should have had it by now. This to me means all the gen 5 timelines will be pushed back even further. A reverse would not help because the price would be violently shorted back down. I am not sure that Ben understands that. We need to partner up.