BioNitrogen Holdings Corp. (BIONQ)

[AirCorps]

Yeah noticed my brokerage account says BION closed up 9.8% on the day. There is always an uptick on Friday it seems.

Q2 report shows 376,003,516 o/s
Q3 report shows 381,752,141 o/s
an increase of 5,748,625 or 1.52% in o/s qtr over qtr...

September 30, 2013 shows 266,610,488 o/s
September 30, 2014 shows 381,752,141 o/s
an increase of 115,141,653 or 43% in o/s year over year...

10mm convertible preferred have been the same for 1 year
13.8mm in options at .05 virtually unchanged from Q1 at 13.4mm
47mm in warrants for consultants at .06, expiring in June 2015. Unchanged since Q1 report

What I'm trying to get at is convertibles, options, and warrants do not account for the 43% increase in o/s. Telling us all, new shares are indeed being introduced into the market.

It also just dawned on me that another 47mm in warrants are due to hit the o/s count by June 2015, on top of the constant trickle of new shares daily... oh boy!