Blue Biofuels Inc (BIOF)

[opt_123]

yes Altitrade many things can happen outside their control. However, there is also some blame on them:
1. Back in 2020 (beg of the year) Ben said this year will be a breakthrough year (and that year was the opposite of that)
2. Also, he said a semi-commercial plant will be ready by early to mid-2021, and revenue will start by beg. of 2022. None are even close to being achieved. These dates and guidelines were provided by them, not me...
3. The constant date change and delays are not looking good while lacking communication from management (other than patents update).
4. The cash they raised at beg. of 2021 should be close burned (I would guess at this point, or close to it), they will have to raise new capital, and based on how the stock is performing, we are in a very tough place. (Maybe Anthony Santelli can buy or lend $1.5 mil he sold, and invest back at these levels)?!
5. While corona is def a factor, this has been going on for quite some time, and it is the same theme -delays over huge delays, and no real and verified data coming from their cts 2.0 process.
It is unfortunate for investors, and I hope things will change soon.