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Hi Valeria,
What troubling about the Blue Biofuel situation is finding an answer to this simple question. Why would the management of Vertimass who are industry insiders waste their time and resources partering with Ben and Blue Biofuel if they don't have the goods for success? They could have simlpy bought Blue Biofuel off? So we have to ask ourselves the question, what I we missing and that's where I am stuck!
If Ben has the magic sauce, is there on one in this industry to help him bring it out to the market or pay him off so that they can take it over?
Help us out folks! Most of you know a lot more about this industry than we do.
Jake
At this stage is really a casino with this stock and management. Not sure anymore I believe they have any plans to become a leading biofuel company. Before, Ben used to say he takes no salary and his interest are even more than most shareholders since he holds most of the stock. But by the way they report and operate/communicate to us is very sketchy we have a future. What was the point of king grass now already 2 years. Where are the third party verifications, etc. What was the point of forming a new company with Vertimass if we have no clue what we can produce and if the technology is viable?!
Maybe Ben will be able to turn this around, but he has been on the throne for now 5 year or so, and we are dead in the water.
Anthony not even sure if that guy is doing anything for the company, other than he cashed out about $1mil when the stock was pumped by the famous Altitrade pumper…So many things don’t add up…
Of course. Our guys can't raise money without giving away shares under the market price.
basicly they raised 50 -100 mil,and we did not
Can't get into see this. Can you summarize please. Did we lose out on another deal ?
Seems like not much of a news… stock just goes down anyways
Blue Biofuels Initiates Engineering and Design for Their CTS Commercial Plant Positioned to Produce Ethanol from Cellulosic Materials
PALM BEACH GARDENS, FL, April 16, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF) .
In a recent development, Blue Biofuels Inc. (“BIOF”) proudly announces the commencement of an FEL 1 & 2 engineering study for a 2.4-million-gallon cellulosic ethanol facility. This endeavor is grounded in the company's innovative Cellulose-to-Sugar (CTS) system, which has undergone and is undergoing continuous refinement and optimization for the efficient conversion of cellulosic biomass into ethanol.
The engineering study meticulously outlines each process step, technical layout, and required equipment for the facility. Even at this initial volume, it demonstrates the viability of the CTS process in yielding positive margins for cellulosic ethanol production. Blue Biofuels is now poised to scale up its engineering design for larger facilities, leveraging the inherent advantages of scale to enhance profitability.
Drawing on successes achieved in their pilot plant, Blue Biofuels remains committed to further enhancing their process, with a focus on catalyst recycling and lignin separation for potential sale. While lignin sales are not yet factored into the model, ongoing optimizations signify a commitment to maximizing efficiency and sustainability.
Looking ahead, Blue Biofuels envisions integrating their CTS process to supply ethanol for their Ethanol-to-Sustainable-Aviation-Fuel joint venture with Vertimass, down the line replacing the sugar cane ethanol that will be used to start the ethanol to SAF production. This positions BIOF as a key player in the renewable energy sector, expecting to be the first to have an integrated process from Biomass to
stock is.08. don`t we all think that they deserve the raises they are giving themselves
yea I read that, B and A could fuel their own with all of the bullshit they have spoutted over the last 5-10 years
I hope at some point they start telling the truth about where they are and what is really happening,
Poopy-powered planes in the future?
https://www.bbc.com/news/uk-england-essex-68789981
I can't find any news. Small solace but share price holding up better than I thought it would under these circumstances.
$0.09 has been bedrock support. Now, it's been breached. It'll be positive if we climb back over it soon.
Only thing left here is hope and some
Miracle. Stock is dead, management is playing the same card. When asked about some responsibility, they keep saying the same thing - ben (i brought the company back from the banckrupcy) even though we are not far off now either. Again today huge dump… go figure
and they should not get paid before anything else. the money should go to pruduction, they have give themselves more than enough stock to compensate.
getting criminal ! i would argue that it is already criminal. they learned from daniel, !!
I agree they get paid before anything else meanwhile we can't even get a freaking shareholder letter update. We are all clueless and this is getting criminal.
they cannot do that without money, and right now they have none. we do not know anything about what they are doing to raise money, the only thing we do know is that when they do, they will get paid before the money goes into the company, and therein lies the problem.
From the 10k - "The Company believes that it can optimize the pre and post processing elements at this pilot scale plant to finalize design and operational parameters to provide operating cost estimates of a full-scale commercial volume system."
unless they close a deal. very shortly and get realistic about compensation in the near term.is stuck
Well what do yall think? Is this dime going higher or is this the best it has to offer and prepare for some sinking?
My Man, someone sees
Glad someone said it. The 10k shows 40k on 12-31. But hey they made ethanol from sugar!!! Oh wait that's the easy part.
Glad someone said it. The 10k shows 40k on 12-31. But hey they made ethanol from sugar!!! Oh wait that's the easy part.
the only reason they are not taking it ,is becasue they have no money to take from the company. ny money that they raise . that the company will need will once again go onto their pockets, To the detriment of shareholders. Usually when someone get a raise they have done something to deserve it.no production no deals no money no plant. so tell me why give themselves a raise,.
The fact that they are not taking it gives some confidence.
Read the 10k. Salaries increased for Ben and Anthony - but neither of them have TAKEN a salary since Q3 2023, voluntarily delaying
Where did you see he raised his salary?
Ben raised his salary again!
Now over 1/2 million.
is this accurate , i did not see it
about time :)) the only thing is it does not say how much they produced.
Great article!
1. $BIOF successfully produced its first batch of cellulosic ethanol using its CTS pilot line. Significant milestone in journey towards commercialization.
2. $BIOF granted two US patents related to its technology, with six more patents pending.
3. Expansion Plans. $BIOF planning to establish production capacity for Sustainable Aviation Fuel (SAF) in collaboration with Vertimass. Evaluating potential locations in Florida that can accommodate both SAF and cellulosic ethanol production facilities.
4. $BIOF engaged in discussions to expand its off-take agreement(s) (contract between producer {$BIOF} and buyer {World Energy Sustainable Products + looking for others} for "X" supply at "Y" price) for biofuels.
Sounds like we're getting close to having an actual product, able to be produced on a commercial scale! We already have a partner to help us produce it. We already have at least one buyer willing to purchase it. Just a few more pieces needed to fall in place and then some big a$$ oil company will come along and snap us up.
Thanks golonguy. This is something, not because they have made ethanol, once they have sugar I don't think that's much of a challenge, but because it may indicate that more is coming. They are talking about offtake agreements, which should mean no dilution. Hopefully, they come through soon.
another month, another nothing... sad
Thanks, I was curious and couldn’t find those interviews or data. It’s probably on the website and I missed it.
The timeline was a semi-commercial plant built and ready by second half of 2023.
The timeline was a semi-commercial plant built and ready by second half of 2023.
Is it me or have they pulled the old videos (from YouTube) w/ Ben giving timelines & updates?
another quarter behind us, another bust of a performance. Markets at all-time high, and we are pretty much at the lows nonstop. I see small companies in different industries, having no issues raising capital, if the concept and potential exist. For some reason, with $biof, there is always a struggle to raise the funds and move forward. If this is such a breakthrough technology, why is this not taking off? It's been now 4-5 years since Ben is the new CEO in charge, they raised capital a few times at .25 cents and .15 cents, with zero results.
There is only hope left here, that they can prove something in scale, and that management is realy capable of delivering something. Because time is running out
Still holding on… I bought way below .10
I am a oldie moldy.
A lot of people are here for 5-10 years, with an average price way above .10. So if it runs to $1 is nothing spectacular. I would have been better in 10 years keeping the index alone. But that would def. help
If they produce good news and this runs to $.60 or $1 in a week, all the comments on this board will be about how everyone should have bought when it was trading at $.10
Its just weird they pumped the stock, made it like the biggest story on their sites, had tons of share and then silence. This is very strange
They have been gone for a couple of years. I'm sure they were given the silent treatment as well and bailed a while ago. You can't blame them when they had so many shares.
interesting you no longer comment on biof, and your super long position in the stock. You were the biggest advocate for the stock, and then you went silent, very weird and strange, and if you have any reputation left, you should at least put something out.
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