But how do you know that?
You say that you are confident that they are working things out, but based on what? It's been 3 years since they have entered out of bankruptcy and all you have to go on is they catapaulted from a v2 CTS to a 4 and now a 5 is in the works with no pics and no proof it exists. If lucky enough to get a picture, then where is the trial run demonstration data that supports their claims that the new version is much faster and more efficient than the last? Where is the data from the previous versions to even know that they were inefficient? The only direct news from this company are the patents they filed and what the potential applications could be. There is NO hard evidence that they have produced any C5-C6 sugars and can do so continuously for anyone to fund money. As I said before, there is a reason for this.
Show the articles or press releases that give you an ounce of confidence that they can do what they say they do? Since someone on here is a majority investor and has gone out of their way to convince you they have been in it for the long term and are long and would not make unwise investments, they should be able to help convince you of the above. Surely they have seen the evidence? Instead they speak in generalities and provide links to the potential, not concrete evidence for this company. I am willing to bet they did not check the science behind all this. I asked before and received dead silence.
No bank will finance this company because BIOF will be held accountable. The ONLY REASON this company went to >$1 was because of the change to the Biden Administration and his plan to combat climate change & global warming. This company benefited by technology affiliation to renewable fuels only, not by what BIOF has accomplished. It did not get to $1 by anything it exclusively did which is evident in its 75% freefall since.
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