Blue Biofuels Inc (BIOF)

[Altitrade Partners]

It appears that there is a theory here among a few doubters that the CEO of Alliance Bio-energy Plus has been duping the public and ALLM investors about the efficacy of the CTS process.

In addition they are making claims that the CEO has been producing fraudulent press releases and articles in industry publications that are blatantly false and misleading.

We find this a difficult theory to embrace for a couple of reasons:

1. The trail of public information contradicts such a theory.

2. Why would CEO Daniel deLiege engage in such activities if they do not benefit him directly? We have not seen a major move up in the price of the stock followed by the CEO cashing out of shares on any such spike. In fact, we have not seen selling of any consequence or magnitude by CEO Daniel deLiege.

http://www.insider-monitor.com/trader/cik1602428.html

3. Sarbanes-Oxley is explicit as to the liability that a CEO incurs by signing off on any SEC filings that are inaccurate or misleading.

4. Do you really believe that the parties to the sale of the INEOS facility (Arbor Bank and Indian River County officials along with the Economic Development Office) did not perform their own due diligence on the CEO, the company and the CTS technology before signing off on the $8 million offer?

5. Did not the USDA also do some serious vetting of their own before granting approval for ALLM to move forward with the INEOS purchase?

To paint a picture of malfeasance and manipulation begs the question as to the motive of those here who have attempted to disparage and impugn the integrity of the CEO and the company. Do they have an "axe to grind"?

We would caution investors to take these negative opinions with a grain of salt and instead take a good, hard look at the amount of exposure that ALLM and their unique CTS technology has received among industry publications, trade magazines and other media outlets.

We doubt that there would have even been an agreement between the bank, USDA and Indian River County officials, including County Commissioner Tim Zorc unless Alliance Bio-energy Plus knew that they could raise the funds necessary to close on the $8 million INEOS purchase.

They obviously must have had a funding commitment of at least $8 million from somewhere in their back pocket to be able to get the green light from all of these parties involved in the deal.

Okay, there has now been a setback. There are setbacks all of the time in the business world.

Better to find out about some of these issues now rather than later.

We think that a deal can eventually be reached. Perhaps some kind of arrangement with a lower up-front down payment along with back-end royalties that are capped at some level.

There are always options available if all parties involved are willing to work together to find some mutually beneficial common ground to reach an agreement.

We hope that year-end tax-selling knocks the shares down to a nickel. We would welcome the opportunity to add to our position at that level.