Blue Biofuels Inc (BIOF)

[LTE]

I am not missing any thing:

<<NOTE 2 – GOING CONCERN

The accompanying consolidated financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern, which assumes the Company will realize its assets and discharge its liabilities in the normal course of business. The Company has not generated any revenue, has incurred losses since inception, has a working capital deficiency of $1,360,690 and may be unable to raise further equity. At June 30, 2015 the Company had incurred accumulated losses of $13,286,156 since its inception. The Company expects to incur significant additional liabilities in connection with its start-up activities. The Company’s ability to continue as a going concern is dependent upon its ability to obtain the necessary financing to meet its obligations and repay its liabilities when they become due and to generate sufficient revenues from its operations to pay its operating expenses. These Financial Statements do not include any adjustments related to the recoverability and classifications of recorded asset amounts, or amounts and classifications of liabilities that might result from this uncertainty. There are no assurances that the Company will continue as a going concern.>>

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10842996

As Wiseone01 says, to get $4 million from a small house headquarters
in Georgia is a joke. Does not one of the managing directors need to keep money to stay in his own house in Florida?

Secondly to that, to get $25 million from a not established company
in South Africa is even worse.

So the convertible bonds will not be repaid in cash - that
is why the stock will be destroyed because it will be converted
to stock at lower to lower prices and that will cause the "death spiral"
below 1 pennies.