BlueFire Equipment Corp.(OTC: BLFR) (BLFR or the Company), a specialist in emerging industry acquisitions,today shares a letter from the Companys Interim CEO and Director of the Board, Nickolas S. Tabraue with updates on the share structure.
Dear Shareholders and Investors,
Management plans to commence the process on cancelling 18,000,000 shares of Common Stock and amend its articles to decrease the current 2,000,000,000 Authorized shares to 250,000,000 share. The conversation with SEC legal has been made with the intentions to execute in the beginning of November 2023.
Management is confident that there will not be a need for a reverse split to meet NASDQs $5.00 minimum bid requirement based on the Companys recent merger in September 2023; new partnership with a Joint Operating Agreement being negotiated and finalized to increase production within current operating assets; acquiring additional operating assets to increase revenues, assets, and cashflow; one major producing asset by the end of 2023 and a second within Q1/Q2 2024. There is no need to have more than 250,000,000 shares authorized to manifest our vision while maintaining share integrity and increasing value.
I look forward to sharing updates as we actualize the aforementioned ambissions.
Thank you, Nickolas S. Tabraue Interim CEO, Chief Compliance & Investor Relations Officer, and Director of the Board
About BlueFire Equipment Corp. (BLFR)
BLFR, after its first acquisitions in the oil and gas industry Screaming Eagle Partners, LLC. operating in the state of Texas, has rapidly gained traction and momentum which has propelled its growth and focus on increasing its acquisitions within the energy secter.
SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Companys expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operatiosn or listing on an exchange including words such as anticipate, if, believe, plan, estimate, expect, intend, may, could, should, will and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Companys control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Companys revenues, financial condition or stock price.
Company Contact: Nickolas S. Tabraue Interim CEO, Chief Compliance and Investor Relations Officer, and Director of the Board info@BLFR.info Phone (786) 375-7281
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