BioNitrogen Holdings Corp. (BIONQ)

[Longgg]

BION has no money and as a result the EPC is on hold, no EPC means no bond sale. No bond sale means no capital funding, if they fail to receive a cash infusion in the next month or two I suspect something dramatic happens i.e. something on the scale of bankruptcy or sale of technology. As for October, nothing is happening in October or even 2015 at this point. Can Carlos deliver, perhaps, but it is more unlikely every day that passes. If Carlos doesn't land some VC by the end of Q3 I got even money says BK comes in with funding and runs Carlos off, the board would have no choice as they face bankruptcy before EOY.

Bottom line is the current state is not sustainable for much longer, there aren’t “Longs & Shorts” anymore with this stock.