BioNitrogen Holdings Corp. (BIONQ)

[Longgg]

Just curious how you come to that number OOTS, I have provided in previous posts details related to my forward looking forecast of NPV based on cash flows for an indefinite horizon to determine terminal value. This estimate demonstrated something on the order of $1PPS for each functioning plant IF they truly can produce $50 EBITDA/plant. I will grant you some degree of investor excitement that perhaps raises the PPS above what the companies acquisition value truly is, but let’s be real even in the best case (and I am reaching here) we will have (1) plant in two years and BION’s five year plan is to have (5) plants producing. I will grant you we could have enough excitement to rise above the current cash flow value because multiple plants will be in production with an expectation of coming online so baking that into the math (and assuming all BION’s promotional estimates hold true) we could be looking at something on the order of $2-$3 in two years and $5-$10 in five years (high end assuming another (5) plants coming online in Canada or somewhere else).

I love the passion and positive attitude but you are overloaded on the front end of your estimate and the back end is grossly inaccurate to the point of being comical. I would love to see some quantifiable evidence if you disagree, being proven wrong would make me very happy indeed!