Blue Biofuels Inc (BIOF)

[brooklyn137]

I just checked on Pacer. I didn't find much, but the first meeting of creditors is 12/4, 2018;


The company brought suit in bankruptcy court against Dennis Lenaburg, one of the toxic debt guys I think, for fraud and declaratory judgement. Suit was on the docket on 11/16/18 which means that that's the day the suit was either brought or the court got notice of it.

On 11/27/18 they filed notice of value of the assets which was essentially zero.

The positive is that they are continuing to perform their actions in court which means the company is ongoing and Slager and the others are not walking away. Nothing that you wouldn't expect at this point.