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This looks really bad $0.90 to $0.18...something stinks. I thought the refinery was "about to come online". Doesnt look good and no news looks like bad news. Down 70% in two months...
Agreed...they got me with the IR PR tour. I took a call. the CEO sounded so optimistic and they were goming on an acquisition spree...blah blah blah. down 98%! I have NEVER seen a reverse split that did not go right back down to being back into the pennies. I should NEVER take calls from IR PR promoters..or I should and then SHort the crap out of them. So sad. So pissed. I think people should sue. First they hire IR PR guys to promote the stock, then they convert all the debt holders, and then they offer millions of shares below market value then they reverse split. They HAVE to be working with the short sellers somehow. No CEO is that f-ing stupid or naive to kill his own share price by 99%, but I guess he is. It was like a murder plot for the company they was sequentially planned out but short sellers.
You forgot to add..."i hope" Oh snap. Guess you were wrong.
Reverse Splits NEVER work. They just let short sellers have more fun pushing the price down even faster....ugh what a waste of money. I feel sorry for management (if they are even legit) and whoever is advising them on this must not have any stock, lol. GWAV better make money soon. All this BS about rollups, new business, etc., is all BS. Stocks go up when companies make money. Maybe recycling scrap is not a great money maker after all. This looks like the most manipulated ragdoll of pump and dumpers and penny-stock day traders I have ever seen. I am a schmuck for believing Management 6 months ago on a conf call. Silly Me.
Not when they offer stock at 5cents and 10cent warrants...AFTER converting all debt and screwing anyone who bought in the market. Penny stock scammers. And I liked the CEO so much on the predump pump up call....arrrggghh. silly me. Glad i was in NVDA for 18months.
You called...what did they say?
Holy crap. First they drive the shares form $1+ to 5cent via debt conversion and then a 5cent offer to institutions!!! Shareholders should sue! They obviously dont give a shit obout equity holders. Whats next 50% convertable debt to drive it to .0001? They better have some miracle plans for that 5cent offer (WITH warrents!!) This thing is dead money for a good long while.
You forgot the /S for "snark"
Are you some kind of pump and dumper? Who is "Us"? Who is "we"?? you think 3$??? Are you a broker dealer? Are you a series 79? Where are you getting these "rumors"??? the stock is down 95 damn percent. Did you know these asshats would convert all the debt with your rumors and calls for 3$? Were you paid to post 20times before the GWAV fell off a cliff? I was on a call with the CEO 3 months ago and he said nothing abput possible conversion. They hired IR PR and i bought the stock. I should SUE THE F out of you, send this string to the SEC and sue the CEO for fuk sake. I hope you are just some retail clown fanboy and not lisenced person in any way. I see you dont post here much. Thank god i only put on a small position at 1$. I feel bad for anyone who listened to your hype and put in bigger money. I doubled down since it is down 95% as a lottery ticket but probably will lose that too.
Are you some kind of pump and dumper? Who is "Us"? Who is "we"?? you think 3$??? Are you a broker dealer? Are you a series 79? Where are you getting these "rumors"??? the stock is down 95 damn percent. Did you know these asshats would convert all the debt with your rumors and calls for 3$? Were you paid to post 20times before the GWAV fell off a cliff? I was on a call with the CEO 3 months ago and he said nothing abput possible conversion. They hired IR PR and i bought the stock. I should SUE THE F out of you, send this string to the SEC and sue the CEO for fuk sake. I hope you are just some retial clown fanboy and not lisenced person in any way. I see you dont post here much. Thank god i only put on a small position at 1$ i feel bad for anyone who listened to your hype. I doubled down since it is down 95% as a lottery ticket but probably will lose that too.
1000%!!!!!
Glad someone said it. The 10k shows 40k on 12-31. But hey they made ethanol from sugar!!! Oh wait that's the easy part.
Glad someone said it. The 10k shows 40k on 12-31. But hey they made ethanol from sugar!!! Oh wait that's the easy part.
They would have to raise $10mms and compete with the other 15 liscenees who already make 100mm+/gpy Ethanol....let's see if Ben and the boys can prove scalability with the DEO grant IF they get to phase 2 DEO $1mm. Where are the 182 acres?
It's been a decade for some of us. Hope the doe grant helps get clarity on viability of the TRL
I just heard an AD for BIOF on Satalite radio on the PROGRESS channel from https://greenstockjournal.com. I have known the company from pre-IPO. Needless to say, I was Blown away driving at 10:30 pm and I hear, "Blue Biofuels is a revolutionary new technology...king grass...transportation fuels...etc, etc." I am a long-term holder and absolutely respect Ben's engineering chops and am glad he saved the company (and shareholders), but this ad and a very weird interview video he did last quarter with a really poorly scripted host (Ben was excellent) leads me to believe he is reaching for PR to get the stock up or the word out about BIOF. Does not look like it is helping the stock much yet, bummer. Perhaps someone can point him to more effective PR companies....if there are any. I wonder how much $$ a 20-second ad on PROGRESS Channel costs?? He needs buy-in from funds and institutions at this point and until there is a deep dive proforma valuation on this company from a decent BD or IB I don't see the stock moving. God, I wish we could get some Q1 2021 action!
now the 18 handle!
Daniel was the reason I didn't buy in at ipo. Ben is the reason I am all in now!
87 plus mine makes 88!!!
EMIT (or any GCEH followers) you ever look at ALLM? Alliance Bioeneergy. I knew them when they were private and had "lab bench" demos a decade ago but I could tell the old CEO was an idiot, who turned out to be a crook and an idiot (bad comb!). They gave the old CEO the boot and exited Chapter 11 with a new CEO who looks legit, and the stock has gone from.002 to .07 in a few months. The only reason I would consider going in is that there is an "unlimited" upside since it is a patented technology and not limited to refiner capacity like our beloved GCEH. Don't get me wrong GCEh has some camelina hybrids that I think are proprietary and could be licensed and be revenue additive in a non-limited way, but it dawned on me, that unless GCEh can buy more mothballed refineries for literally pennies on the dollar, then the revenue potential will be capped at several hundreds of millions (depending on refinery output) and the terminal value on a DCF basis would be an order of magnitude smaller than if they had some proprietary technology like ALLM says they have to provide cheaper cellulosic sugar feedstocks for biofuels. Not promoting, not an owner (yet), just thought you might like to look at it and as always, you dig deep so any opinions of yours go a long way with me.
agreed...
EMIT Great posts and links, you do your homework! Not sure everyone is clear on the difference RENEWABLE Diesel vs BIO Diesel. They are completely different and meet ASTM certs for regular diesel.
https://afdc.energy.gov/fuels/emerging_hydrocarbon.html
Maybe everyone here knows that but this is not just another biodiesel boondoggle IMHO. If they really have an 85mm+20mm offtake with "a major" this stock should be a lot higher. Maybe we have to wait to see if they can convert the plant before anyone "real" starts buying. Or maybe no one buys micro caps trading OCBB anymore, LOL. I am kind of surprised the stock didn't go above the 12c recent high, now that they say they closed on the deal. Seems like they paid a bit more cash vs the prior announcement last year ie. 20mm vs 40mm in the latest release. Buy the rumor and sell the fact? or in this case, buy the rumor "meh" on the fact. Unless they do some IR PR with projections we may have to sit on this for late 2021-2022 until they start reporting earnings and sales of fuel. Let's just hope they can pull it off and people in California still want biofuels in 2 years instead of toilet paper and hand sanitizer! HODL!
By A LOT!
https://www.prnewswire.com/news-releases/vertimass-completes-first-technology-license-to-alliance-bioenergy-plus-inc-300879598.html
Thoughts?
I was pitched on Vertimass Funding about 2 years ago. They seemed like very smart guys, funded by a real estate mogul in LA. Why would they do a deal with a "lower companion" of ALLM? Makes me think ALLM is worth buying a few shares in, now that Dan is gone. HOWEVER! My understanding is Dan still owns about half the underlying company "carbolosic". Can anyone else confirm Dan's Ownership outside of ALLM owning 50% of the main technology holding corp? Dan being able to profit off of ALLM success proves there is no God, lol
https://www.prnewswire.com/news-releases/vertimass-completes-first-technology-license-to-alliance-bioenergy-plus-inc-300879598.html
Thoughts?
I was pitched on Vertimass Funding about 2 years ago. They seemed like very smart guys, funded by a real estate mogul in LA. Why would they do a deal with a "lower companion" of ALLM? Makes me think ALLM is worth buying a few shares in, now that Dan is gone. HOWEVER! My understanding is Dan still owns about half the underlying company "carbolosic". Can anyone else confirm Dan's Ownership outside of ALLM owning 50% of the main technology holding corp? Dan being able to profit off of ALLM success proves there is no God, lol.
I saw them from even before Dan took over, while they were private and never was convinced it could scale. Many mechanical systems do not scale well, wind turbines and mining draglines being the exception, LOL. My understanding, however, is that Dan still owns 50% of the technology he did not include in his crappy IPO. Is that correct? He is one crafty guy so I am sure he still has his hooks in it somehow.
God, remember the NY Sandwich idea, the Concert Venue, film and other stupid assets he tried to bundle in on the IPO? We had a severe falling out when I told him that it looked like an "ego" portfolio of bad unrelated ideas. He said I was the idiot and they wanted to be like GE or Vivendi and have multiple sources of revenue. I knew he was sunk then. I am tempted to buy now that the new CEO looks serious, BUT DOES THE TECH ACTUALLY WORK? You say no and I probably need to believe you if you know someone who worked there. Sorry for the financial burden that Dan put you in.
LTE and Magmar, you guys really know your stuff and I am impressed with your due diligence abilities. I have followed this board for 2+ yearS. Mostly on the train when I get bored, lol. I felt I had to say something when one of you posted the shareholder lists and saw a friend on mine listed. I called the guy who introduced us and txted him this board. Keep throwing sunlight on stocks that you tell are Crap as you two really do know your stuff! Just sorry I didn't do it when it was at 1$+ I am an early stage investment banker and my biggest fear when I stage cool tech, is how will management screw up the company. In real estate it's location location location...in businesses it management management management. First due diligence question is always, how are these crooks lying to me right now. If you get past that it is what's does the business model look like. Sure would like to know what you guys think is a good buy!
I have followed them before thier PPM and even before the current management took over from the prior crook, Mr cox. When I read the IPO PPM I thought it was a joke. Sandwich shop, movies, stadium promotion rights AND Carbalosic. When I suggested that it was a bad idea aND they should focus on CTS only I was blasted as shortsighted, didnt know what i was talking about and insulting, etc. I have never believed the endless stream of BS from even before the current management took over. I think the technology has merit but not with this management. They are crafty as even if and when they get delisted they still hold 50% of the CTS technology rights privately and will probably just create yet another company to take in funds off market. My first call with the current CEO, I was told that Morgan Stanley (or some other big shop) was going to float some public/muni debt to buy a facility in Palm Beach County. I respectfully said no startup could float public bonds backed by a municipality. I was told that it WAS happening and that I better hurry up and get investors in before I missed the boat. Glad I missed boarding the "Lucitania". Some pros I know still cling to the idea that management can turn it around. I made a huge introduction to serious player and either they didn't follow up or my source ran after a scratching of the surface. So sad to see promising tech in the hands of what I consider bad managers at best and outright crooks at worst. Good luck to those stuck in this dog.