I said early on and still believe they will cancel the common shares, that is the only way they can get rid of BK. We have to remember that BK owns a massive amount of shares, something on the order of maybe half the company.... It is a real shame we will all have to be penalized in the process and I am hopeful that somehow my millions (literally) of shares aren't $3k write off for the next 100 years of tax returns, but I am a realist. Think about it BION is a $5M - $6M investment away from building ten plants with disruptive technology funded by $2B in state backed bonds and the product is contractually sold out for twenty five years, so if you are the potential investor do you buy the company with nearly a half billion outstanding common shares to include BK as the largest share owner or do you wait for current management to zero out the common shares and you then invest in something you own 100%.
It kills me to say this, especially when there is a glimmer of hope but the cold hard truth is we most likely will lose everything. Having said that I have considered this a complete loss already so I will remain long on the slim chance I am wrong and the company does what is morally right not what is financially efficient. I would appreciate any thoughts from folks who have experience or commercially sound opinions that support or reject my thoughts (other than garbage about pollution and government graft).
