Bluforest, Inc. (OTCMKTS:BLUF) Still Slides Despite 103 Emails
The more the promotion grows, the more the stock price falls- a sad reality in the past few days for Bluforest, Inc. (OTCMKTS:BLUF). The sum total for the promotion reached $410,000, more than 103 emails were sent away, but so far the ticker won’t abandon its pessimistic bent. 
While the beginning of the promotion started with highly paid pumpers such as Market Bulls receiving $200,000, now the compensation is for single emails, no more than $15,000, which taken together with the back-tracking of the stock may mean the promotion is starting to wear out. The pumpers’ emails claim that BLUF is resilient, but we have to see it to believe it. 
Meanwhile, BLUF shared its latest financial report, showing how the pure potential has translated into numbers. The previous results were dismal:
- $43 cash
- $17 210 total current assets
- $3.2 million total current liabilities
- ZERO revenues since inception
- $24 million net loss
The new filings as of June 30 show:
- $1,357 cash
- $18,080 total current assets
- $3.6 million total current liabilities
- Zero revenues
- $416,085 net loss
While the company is continuing, it is still burdened by a lot of debt, and piles up losses upon losses. The company holds several forests, but so far it has not managed to get a piece of the large carbon credits market. In the meanwhile, the stock at $1.40 has a long way to fall, especially now that investors are habituated to the constant email reminders. We predict that at the end of the campaign, little will remain of the heights BLUF reached previously.
At around $1.20, you could find NanoViricides, Inc. (OTCMKTS:NNVC), a pharmaceutical ticker that takes a little breather from a long climbing trend. Still, NNVC is not so heavily promoted and the price was reached more gradually.
Another technological wonder that still strives to market its breakthroughs is Liquidmetal Technologies, Inc. (OTCMKTS:LQMT). The ticker was promoted, and while at a more accessible 14 cents, still hovers above the usual levels from the past months.
If you believe in the potential of BLUF to start selling carbon credits, all is well, but keep in mind that the promotional effect is significant and stay away unless you can afford an even deeper correction.
