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Blue Biofuels Inc (QB)

Blue Biofuels Inc (QB) (BIOF)

0.087
0.00173
( 2.02% )
Updated: 13:17:32

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Key stats and details

Current Price
0.087
Bid
0.0801
Ask
0.087
Volume
13,560
0.0801 Day's Range 0.087
0.0435 52 Week Range 0.1757
Market Cap
Previous Close
0.085275
Open
0.08355
Last Trade
500
@
0.087
Last Trade Time
13:17:32
Financial Volume
$ 1,151
VWAP
0.084852
Average Volume (3m)
146,249
Shares Outstanding
302,803,463
Dividend Yield
-
PE Ratio
-8.91
Earnings Per Share (EPS)
-0.01
Revenue
-
Net Profit
-3.06M

About Blue Biofuels Inc (QB)

Blue Biofuels ("Blue Bio") (OTCQB: BIOF), is revolutionizing the biofuel industry. We have developed and patented technology to convert fully renewable, cellulosic, non-food feedstocks -- like grasses, agricultural wastes, and other plant material -- into biofuel, in a low-cost, environmentally frie... Blue Biofuels ("Blue Bio") (OTCQB: BIOF), is revolutionizing the biofuel industry. We have developed and patented technology to convert fully renewable, cellulosic, non-food feedstocks -- like grasses, agricultural wastes, and other plant material -- into biofuel, in a low-cost, environmentally friendly, and carbon friendly process. Our modular, easily scalable Cellulose-to-Sugar (CTS) technology allows rapid conversion of almost any biomass into soluble sugars for further processing into bioethanol and sustainable aviation fuel (SAF). The process has a near zero carbon footprint in that the amount of added atmospheric carbon created by burning the cellulosic ethanol produced by the CTS system is reabsorbed/recycled by newly grown plant materials that are harvested as feedstock for the next round of cellulosic ethanol produced. Sulfur free lignin is a by-product, and it has a wide array of potential commercial applications. The Company believes that biofuel originating from its CTS process will be eligible to receive the US EPA's generous D3 cellulosic Renewable Fuel Credits. The D3 RIN credit for each gallon of ethanol has ranged between $2.00 and $3.34 since the beginning of 2022. This incentive is offered to all domestic cellulosic fuel producers whose fuel is used in the transportation industry. The EPA's D3 RIN volume mandates for cellulosic biofuels include 840 million gallons for 2023, 1.09 billion gallons for 2024, and 1.38 billion gallons for 2025. Show more

Sector
Indl Organic Chemicals, Nec
Industry
Indl Organic Chemicals, Nec
Headquarters
Las Vegas, Nevada, USA
Founded
1970
Blue Biofuels Inc (QB) is listed in the Indl Organic Chemicals sector of the OTCMarkets with ticker BIOF. The last closing price for Blue Biofuels (QB) was $0.09. Over the last year, Blue Biofuels (QB) shares have traded in a share price range of $ 0.0435 to $ 0.1757.

Blue Biofuels (QB) currently has 302,803,463 shares outstanding. The market capitalization of Blue Biofuels (QB) is $25.82 million. Blue Biofuels (QB) has a price to earnings ratio (PE ratio) of -8.91.

BIOF Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0005-0.5714285714290.08750.08750.0705617830.08313849CS
40.011615.38461538460.07540.0990.0665630610.08408728CS
12-0.0009-1.023890784980.08790.0990.04351462490.07754449CS
26-0.05055-36.75027262810.137550.1450.04351258770.09090495CS
52-0.0632-42.07723035950.15020.17570.04351288230.10470367CS
156-0.21475-71.16818558410.301750.410.04351769780.17161825CS
2600.0350567.4687199230.051951.50.0281930260.28642965CS

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BIOF Discussion

View Posts
Jagman5 Jagman5 22 hours ago
Good to know. Thanks for the info.

$BIOF
👍️0
valeria123 valeria123 1 day ago
Based on who Ben is and why he is here for so long, doing toxic financing, would be the stupidest thing he would do. So, if anything, I would say he would never do it. As much as I hate their progress and communication, I do not believe Ben would kill the company like this. He has a lot of skin in the game, so let's hope they get some real investment or JV or something.
👍️0
Jagman5 Jagman5 6 days ago
I also hope they don't do it via toxic financing. THAT will kill them.

$BIOF
👍️0
crazyflavor crazyflavor 6 days ago
Sounds like the Tech works. The concern is the same as always. Financing to buy a plant. Not cheap, I hope they don’t try to do that via dilution (at least not at these prices)
👍️ 1
NewJerichoMan NewJerichoMan 6 days ago
Now? It's always been a hit-or-miss play.
👍️0
valeria123 valeria123 7 days ago
Yes, I guess everyone is now looking for some moonshot miracle, as many have probably already written the loss off. It is either full loss, which is not much from these levels (especially for me anyways), or some miracle. The fact that management is not communicating anything is not helping at all. Anyways, best of luck to us
👍️0
NewJerichoMan NewJerichoMan 1 week ago
Still holding as well. Not real bullish on a positive outcome but it's always been a long shot and treated as such. Here's hoping the tech works and we've hit a moonshot stock.
👍️0
golongguy golongguy 1 week ago
same
👍️0
brooklyn137 brooklyn137 1 week ago
I'm still here. Nothing new as far as I know.
👍️ 1
valeria123 valeria123 2 weeks ago
Is anyone left here? Seems like we are dead, no news no updates nothing((
👍️0
valeria123 valeria123 2 weeks ago
Is anyone left here? Seems like we are dead, no news no updates nothing((
👍️0
3Djschmidt 3Djschmidt 2 weeks ago
Crickets..............
👍️0
happy gylmore happy gylmore 2 months ago
Mgmt will not communicate with their shareholders. I think they have something that may work but noone knows for sure. They are obviously having issues raising money most likely because of their hush hush stance. Very frustrating.
👍️ 1
MrVision68 MrVision68 2 months ago
Why is this not moving? How bad is the management at this company??
👍️0
NewJerichoMan NewJerichoMan 2 months ago
Nice paint job. Happy weekend y'all.
👍️0
valeria123 valeria123 2 months ago
Some volume today…
👍️0
NewJerichoMan NewJerichoMan 2 months ago
The only question left is can they raise the money.

And at what price? Selloff today suggest they either couldn't raise money or did so but at a price point lower than our current one. Neither are good but we'd definitely want the latter rather than the former.
👍️0
valeria123 valeria123 2 months ago
Yes, lets hope so, we need all the help!
👍️0
valeria123 valeria123 2 months ago
I hope they have and at the moment i do not believe they are fraud, but def. Not the way he posted when the stock ran to $1.5. He did the same to many other stocks, the latest being cbmj! Look at that chart and how he pumped it. I really hope Ben will for once deliver something
👍️0
brooklyn137 brooklyn137 2 months ago
Look, we all know what's going on. the company has a technology that works, has a deal with a company that has a technology to convert ethanol to aviation fuel and a license to sell 20 percent ethanol fuel. They have a plan with Vertimass to build a plant. The next step is to raise money. If they are talking to people, and I am virtually sure they are, they probably can't talk to us because because of the rules of their negotiation.

So, what could they say to bring us up to date? Nothing. So talking to us would be worse than worthless. Stockholders would be demanding information they can't give and would be more pissed at the end.

Consider, when we bought we knew we were taking a big risk, but the reward justified it. Now, we are taking a much smaller risk for the same reward. Why smaller? Because all the development has been done. The only question left is can they raise the money.
👍️0
AAZ AAZ 2 months ago
But his long analyses, did they have any solid facts and background? Or do you think everything was invented. Or another question: If Altitrade is a pumper, is also the company a fraud, or do they really have a plan for the future? Thanks!
👍️0
valeria123 valeria123 2 months ago
Altitrade is a pumper
👍️0
happy gylmore happy gylmore 2 months ago
Arrogant CEOs cause price drops like this. Ben will not talk to shareholders about long term plans so they get fed up and sell. Simple as that. Meanwhile he has lost millions on his own shares and really doesn't seem to care. Bad recipe.
👍️ 1
AAZ AAZ 2 months ago
What is happening here? I bought more, because it is cheap, but is there anything left with value in this company? I invested in this one and in CRXM, both recommendations from Altitrade, I still have some hope left, but until now, almost every other investment decision I made by myself was clearly outperforming these ideas by so much. Perhaps there will be a big surprise one day and I will be very grateful for Altitrade’s ideas, but right now we have only new lows or even a delisted company and Altitrade didn’t make an update for a very long time. Good luck to everybody!
👍️0
valeria123 valeria123 2 months ago
Below 0.05$ incredibile. Let’s get a few more patents though…
👍️ 1
NO birds Allowed NO birds Allowed 2 months ago
down again
👍️0
NO birds Allowed NO birds Allowed 2 months ago
if only we had themoney to monetize any of this
👍️0
brooklyn137 brooklyn137 2 months ago
https://www.globenewswire.com/news-release/2024/05/21/2886089/0/en/Blue-Biofuels-Receives-Canadian-Patent-on-CTS-Process.html#:~:text=Blue%20Biofuels%2C%20Inc.%2C%20(,Method%20of%20Using%20the%20Same.%E2%80%9D
👍️0
valeria123 valeria123 2 months ago
Markets make all time high weekly pretty much, if we can’t raise funds in this environment, I wonder how would we cope if a recession hits…
Hard to believe Ben is capable of running this show, based on history, of him being the CEO so far, the odds are not looking great for us…
Not even sure what anthony and others are doing other than getting salary
👍️0
NO birds Allowed NO birds Allowed 2 months ago
i do not know what that means
👍️0
Stridinggod Stridinggod 2 months ago
You forgot the /S for "snark"
👍️0
NO birds Allowed NO birds Allowed 2 months ago
does anyone here wacth any other boards and if so have you seen anything else written about the stock
👍️0
NO birds Allowed NO birds Allowed 2 months ago
I don`t know val. but from the look of that , they both deserve raises don`t you all think. spectacular performance after all of this time
👍️0
Stridinggod Stridinggod 2 months ago
1000%!!!!!
👍️0
valeria123 valeria123 2 months ago
https://fintel.io/doc/sec-blue-biofuels-inc-1549145-10q-2024-may-06-19849-5519?utm_source=twitter.com&utm_medium=referral&utm_campaign=filing
👍️0
NO birds Allowed NO birds Allowed 2 months ago
actually , the only thing that we really need is a competent ceo, the one we have now should be the cto . let him move over and lets someone who knows what he is doing take over
👍️ 2
Jagman5 Jagman5 3 months ago
I've contacted a company who has funds to invest about $BIOF, suggesting they buy in with enough funds to build the plant. This is outside their normal wheelhouse so we will see.

Your CEO has a significant problem. If he reveals enough about how it works it will get stolen. If he doesn't he will have trouble raising funds. And no, an NDA doesn't work because they can't afford to defend that either.

$BIOF
👍️ 1
jtk1950 jtk1950 3 months ago
I was going to send a message to Brooklyn when I saw your post. Ben has limited funds and cannot showcase his achievements at Blue Blofuels as much as we will like him to but in my opinion given the circles he is operating in, and given the fact that those companies are doing jvs with him I am willing to believe that Ben has met the requirements needed to move the project to move this project forward. I would rather have him spend the money he would need to prove CTS works to build the plant and produce some jetfuel. For all we know we might get some financing from UGI to get our plant built. What do you think folks.
👍️ 1
valeria123 valeria123 3 months ago
We don’t know how it works and if it is scalable. We know it works somehow in a lab with small quantities. Financing would not be such an issues otherwise imo…
👍️0
brooklyn137 brooklyn137 3 months ago
I feel your frustration, however, we are now at the point where the technology works, we have an unlimited market with aviation fuel and gasoline with vertyigas and huge margins with the RIN for cellulosic ethanol. The only thing we need is the money for the plant. I am sure it will come, the opportunity is too good.
👍️ 1
valeria123 valeria123 3 months ago
Down and down, no real news. I don’t even think Ben has our best interests here. He has been the ceo for 4 years and we are nowhere better than with Dan
👍️0
3Djschmidt 3Djschmidt 3 months ago
EPA Registers Vertigas20 -- Green Gasoline to be Produced by VertiBlue Fuels
GLOBENEWSWIRE

9:55 AM ET 05/01/2024

PALM BEACH GARDENS, FL, May 01, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (BIOF) .

VertiGas20, a renewable gasoline product, is now registered to be sold as 20% blends in conventional gasoline to help mitigate transportation carbon emissions.

VertiBlue Fuels, LLC, a 50/50 JV between Blue Biofuels (BIOF) and Vertimass, will start producing this renewable gasoline as one of the first products coming from the production capacity that VertiBlue Fuels will realize.

Blue Biofuels, Inc. (BIOF), is pleased to announce that the United States Environmental Protection Agency (EPA) has approved registration for blending up to 20% of green gasoline with conventional gasoline. This new renewable gasoline product, VertiGas20, is made from renewable ethanol by the joint venture’s licensed technology from Vertimass, its Consolidated Alcohol Deoxygenation and Oligomerization (CADO) technology.

VertiGas20 is a new generation of fuel which can be used in current gasoline vehicles (approximately 340 million in the U.S. alone) without any engine modifications. This will help reduce greenhouse gas emissions from existing cars and other gasoline powered engines.

Blue Biofuels (BIOF) is planning to produce cellulosic biofuels which will further reduce the greenhouse gas emissions either when the cellulosic ethanol is used as direct blend in fuel or if it is converted into gasoline or SAF for use in transportation.

"VertiGas20 represents a significant step toward producing more renewable fuels, compatible with the existing infrastructure, which will help mitigate climate change," explained Vertimass Chief Operating Officer Dr. John Hannon.

Blue Biofuels (BIOF) CEO and Chairman, Ben Slager notes: “An interesting factor is that this enables gasoline vehicles to become more green without replacing them with electric vehicles, thereby offering more choices for the green consumer. Moreover, when Blue Biofuels’ produces cellulosic ethanol with its Cellulose-to-Sugar technology, this will add significant further CO2 reduction to the VertiGas20 fuel by providing cellulosic ethanol, with a higher carbon reduction rating, as feedstock to the VertiGas20 production. This will be a winning combination for the environment and for the Company.”
👍️ 1
jtk1950 jtk1950 3 months ago
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
👍️ 1
valeria123 valeria123 3 months ago
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…
👍️0
happy gylmore happy gylmore 3 months ago
Of course. Our guys can't raise money without giving away shares under the market price.
👍️0
NO birds Allowed NO birds Allowed 3 months ago
basicly they raised 50 -100 mil,and we did not
👍️0
happy gylmore happy gylmore 3 months ago
Can't get into see this. Can you summarize please. Did we lose out on another deal ?
👍️0
NO birds Allowed NO birds Allowed 3 months ago
https://www.axios.com/pro/climate-deals/2024/04/22/lanzajet-100-million-ethanol-saf-jet-fuel
👍️0
NO birds Allowed NO birds Allowed 3 months ago
yup as usual
👍️0
valeria123 valeria123 3 months ago
Seems like not much of a news… stock just goes down anyways
👍️0