Bluefire Renewables, Inc. (fka BFRE)

[spec machine]

No, they only have the first 20M so far

http://www.sec.gov/Archives/edgar/data/1370489/000101905615000245/bluefire_13g.htm

the remainder gets put (in block sizes determined by Bluefire) at a discount of 20% below the lowest closing bid price of the 5 days following the put notice to Kodiac

So as Kodiac dumps and vaporizes the bid, they get the next lot even cheaper. In fact, Bluefire may need to file a new S-1 if they need to exceed the 50M shares to get the level of funding for payroll that they initially targeted.

anyone who has seen this play out before, already knew this drop was coming

spec