BioNitrogen Holdings Corp. (BIONQ)

[Longgg]

This second half ground breaking makes me nervous, it all depends on what definition of ground breaking is being used (or as Bill Clinton would say “depends on what your definition of what is, is”). Once the EPC report is completed the bonds will be sold, unlike the normal process of progressively selling the bonds until they are gone there is a single buyer which will dramatically compress that lead time. Also recall nothing is being manufactured on location, the plant will be manufactured offsite then assemble like a pre-fab home. So “ground breaking” has very little lead time as it could be considered the offsite manufacturing or the preparatory activities such as water and electricity lines, parking lots, etc. etc. (which by the way are all pre-bid with fixed pricing in the firm EPC) In my opinion the lead time from EPC report completing, bonds selling, and “ground breaking” initiating is something on the order of 4-6 weeks, if that is now second half we have been doped once again with the previous Q1 forecast and in a very big way....Sad and terribly frustrating, compound by the fact something as huge, in fact the single biggest piece of news for this company and they pass it along in this article as opposed to an update. I'm all in, but this smacks of almost being underhanded or at the very least failing to provide investors open and honest communication.