BioNitrogen Holdings Corp. (BIONQ)

[TFletcher]

The most significant new information is found in BIONQ's latest motion.


http://bankruptcompanynews.com/bionitrogen-bankruptcy-news-5-4-16/

Specifically, they have motioned for an extension of time for "Teneo" to evaluate the technology and investment merits.

The Court scheduled a May, 24 2016 hearing to consider the motion.

It appears that Teneo is evaluating their opportunity to 1) bailout the existing share structure... (giving us diluted shares with SOME value)
OR 2) fully fund everything as a Merger/Acquisition... (and our shares will be cancelled.)

http://www.teneoholdings.com/

There is still hope that the decision-makers see long-term "Goodwill Value" in providing SOME value for the existing "small investors."