Replies to post #1553 on Blue Biofuels Inc (BIOF)

[ascanius]

The technology is real, but is the financing? Can the company deliver? Those are still very big question marks. A lot of OTC failures/scams with decent ideas but poor or corrupt business management. Can ALLM be trusted to execute? The pump and dump price action of the stock (low .16 to high 1.40, now down to .40) is also suspicious. More characteristic of a short-term trading stock, not an investing one.

[LTE]

<<Most OTC Stocks have a going concern. Auditors must disclaim that when the company hasnt made $ yet.>>

That's why most pennies fail. What's worse about ALLM is that they
are an extremely capital intensive company - ant the OTC is not
a place for them to succeed. They need traditional venture capital
like Renmatix to survive - not debt and not particularly
convertible debt "death spiral financing."

<<This technology is real and it is game changing and I think the company will repay the loan they took before it becomes due.>>

What you're saying isn't true because no reputable investors want
anything to do with this technology - that is noted here on page
4:

<<On December 26, 2013, AMG Renewables acquired the controlling interest (51%) in AMG Energy Group from certain related parties for a consideration comprising $2,200,000 cash and delivery of 7,266,000 shares of Company Common Stock. In connection with the transaction, an amount which the Company owed to AMG Energy ($214,894) for various loans and consulting fees was eliminated in the acquisition. On December 26, 2013, 7,000,000 shares of Company common stock were delivered to AMG Energy Solutions, Inc. (a related party) and the remaining 266,000 shares of Company common stock were delivered on June 18, 2014 to Wellington Asset Holdings, Inc. As of June 30, 2015, the Company has paid $168,742 of the $2,200,000 cash payable on account of this transaction, and as of such date, the proceeds of the Company’s pending private offering have been insufficient to pay the remaining amount, which amount has been recorded on the books of the Company as a related party payable relating to an acquisition.>>

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10842996

ALLM is desperate, so they have to go to "death spiral financing"
to get any monies at all.

This is a real company that attracts equity capital and not
"death spiral financing":

http://renmatix.com/technology/our-technology/