Biogold Fuels Corp. (fka BIFC)

[funnyG986]

More DD: I just called the TA today, the OS as of today is 170M and float is 35M.

Enviso Capital redeemed 100M warrants and notes at the price of 0.03 per share.


Searched Enviso Capital's CEO and Owner "Ryan N. Bowers" on SEC filings. Found the following interesting materials.

Previous "Heritage Equity Group, LLC" and now Enviso Capital owns 61.8% of BIOGOLD FUELS (BIFC)

The percentage was calculated based upon 192,293,701 shares of common stock, as follows: as of September 30 2008, 79,132,002 shares of Common Stock were issued and outstanding according to the Issuer’s Quarterly Report on Form 10-Q for the year quarter ended September 30, 2008, and 113,161,699 shares of Common Stock are issuable upon the exercise of the Warrants or convertible upon conversion of the Notes held by the Reporting Persons.

http://www.sec.gov/Archives/edgar/data/1381192/000136231008008686/c78853sc13d.htm

From BIFC 10K 2009: WARRANTS TO "Heritage Equity Group, LLC" ARE ISSUED AT $0.03 PER SHARE

On November 4, 2008, Lender exercised the Option, and the Company issued to Lender a Senior Secured Convertible Promissory Note in the principal amount of $294,117, due and payable on January 31, 2010 (the “Second Note”) and a Warrant to purchase 19,607,700 shares at a price of $0.03 per share (the “Second Warrant”). In conjunction with the issuance of the Third Note, the Company agreed to modify the Original Note and the Additional Note so as to make each convertible at a price of $0.03 per share and payable on January 31, 2010. The Company also agreed to modify the Warrant to make the Warrant exercisable for 19,166,667 shares at a price of $0.03 per share. In addition, simultaneously with the closing of this transaction, the Company issued a warrant (the “Third Warrant”) to purchase 36,666,667 shares of the Company’s common stock with an exercise price of $0.03 per share.
http://www.sec.gov/Archives/edgar/data/1381192/000136231009005185/c83546e10vk.htm