BlueFire Equipment Corp (BLFR)

[Voices of Reason]

Why would drillers risk buying equipment from an unknown OTC company, that is associated with a former CEO of an SEC suspended company (ref. Tyson Rhode of GSLO)? Even if one were naive enough to believe in this pipe dream, the company clearly states it has little to no cash (~$3k), has many obligations including needing to fund the Columbian venture ($50k), and a variety of loans they need to pay back totaling $242k in liabilities, as well as secure financing to implement their business plan: "anticipate needing a minimum of $250,000 for Phase One and an additional $500,000 for Phase Two of our planned development plan, totaling $675,000" - all of this prior to any sales or drip revenues from leased equipment actually happening, and does not include the corporate overhead ($84k in the 1st quarter alone). All of the above means some serious dilution coming just to pay the bills and move forward.