BioNitrogen Holdings Corp. (BIONQ)

[dutchf]

I think there is some confusion about terminology of share count. I have not said that there weren't more shares outstanding. There are not new shares being made which would take share holder approval. The authorized shares is and has been 1 billion. The company has issued shares to account for debentures, warrants and option when and if they are exercised. There is no way to not do that. I would love to say that the share count has not increased but for the company to have not done that would have called for them to seek financing that may have been much worse than selling shares.

I will say again that I think they are doing what is necessary to get the product to market and make the shares worth more. I have been buying shares almost daily to my present position which is well over 1,000,000,000. When the product hits the market and the company shows revenue I don't really think what we have seen for outstanding share will amount to much dilution.