Blue Biofuels Inc (BIOF)

[judge2236]

Possible Fraud - Anyone with appropriate information of potential "fraud or wrongdoing" can submit a complaint against this company to the Securities and Exchange Commission by going to the link below and use the electronic form for their submission:

http://www.sec.gov/complaint/tipscomplaint.shtml

Having said that, I have spoken to my attorney who stated no one can successfully sue and win against this company as they have gone to great length to create plausible deniability. For example, they have a weak patent on that water heater look alike and their "fully disclosed financial reports to the SEC have always shown an extremely dire outlook with all kinds of disclaimers. They have repeatedly stated they may not have enough money to continue operations into the next quarter. Their financial reports to the SEC also show that the founders have been selling hundreds of thousands of shares on the open market with their 5,000,000 shares each that they paid virtually nothing for ($5,000.00)

I don't know that the SEC will do anything at all with my complaint - other than laugh out loud at me and the people in that mega-church I attend - for getting involved in the first place. I managed to get most of my money back (the money I did lose, I have more than recouped in 2015 from legitimate investments in the stock market) so my attorney, knowing this, did laugh a bit after I gave him the story on this company. After he stopped laughing, that is when he stated that I could contact the SEC but don't waste any of my money in pursuing this matter. So I am following his advice.

(By the way, I attend church only because my wife goes there - I am no longer a Christian as, after a lot of study, I now believe all religions ever created by man are nothing more than fairy tales). I may owe this insider a great debt because after going through this fairy tale experience with this company with someone claiming to be a Christian, it caused me to study and look objectively at all religions. Now I know, for one of many examples, that the idea of the Creator of the Cosmos, if he exists, will not torture microscopic sized beings for trillions of years for not believing in a being who does not communicate with them in any way. The Cosmos is way to big (it never ends) for a Creator to want to torture tiny microscopic sized living beings for eternity. We are simply way too small to know much about the universe around us.

EXTRACT FROM SEC LINK:
Enforcement Tips and Complaints

If you would like to provide us information about fraud or wrongdoing involving potential violations of the securities laws, which may include the conduct listed below, use the Tips, Complaints and Referrals Portal. See also further information about submitting a tip or complaint.

Ponzi scheme, Pyramid Scheme, or a High-Yield Investment Program
Theft or misappropriation of funds or securities
Manipulation of a security's price or volume
Insider trading
Fraudulent or unregistered securities offering
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Abusive naked short selling
Bribery of, or improper payments to, foreign officials
Fraudulent conduct associated with municipal securities transactions or public pension plans
Other fraudulent conduct
Important Notes