BioNitrogen Holdings Corp. (BIONQ)

[dutchf]

Somebody really wanted 250K shares and NITE did all they could to get them the full amount. They had a blocking bid of .037 @ 15K shares to keep anyone from effectively increasing the BID. I am sure if there was a bid of 15K @ .037 it would have been filled quickly and there would have still been the same ASK hanging there. There is nothing wrong with that and it leads me to believe that there might be some new interest and when news does come there will be a nice increase in the sp. On the discussion concerning the warrants, they have a strike price of .06 which does not mean the go away at the end of June if we don't reach that #. The holder can still exercise them by paying the price for them even if the are under water. It will be very interesting to see what happens and very telling if they are exercised in that manner. That would indicated that the holder was VERY confident that the sp would be increasing. I'm feeling a bit better about the future of BION. GLTA