Blue Biofuels Inc (BIOF)

[IsaacIronridge]

WSTG vs LTE - Got My Popcorn

While I am long but cautiously bullish, long term, LTE wants this stock to go down while WSTG seems all about the pump. Meanwhile, the stock has stalled here under .50

LTE did raise an interesting point a while back, though. Why in the world if ALLM is getting millions and millions of dollars from the mystery South African partner would they take on 100k (plus interest) in financing? This would surely suggest that they do not expect payment of the millions and millions at any point in the near future, if not at all (November is the deadline). I think we will know by November if this operation is legitimate or not as we'll have full confirmation if this was a pump and dump. Until then, as always with these small names, dilution is the biggest concern. Can ALLM's management control it or will they be like just about every other company that's trying to make it and hand out countless shares?

Time will tell.