BioNitrogen Holdings Corp. (BIONQ)

[retireat40]

More than just that...

BioNitrogen Holdings Corp., a penny stock that hoped to build clean technology plants for the agricultural industry in Florida, filed Chapter 11 reorganization on Nov. 3 with $3.5 million in debt. In October, Boca Raton-based Annon Consulting won a $1.4 million lawsuit against BioNitrogen Holdings over a past-due loan. That is its largest creditor among the $3.5 million in debt listed in the bankruptcy filing. It also owes money to various consultants, including $73,594 to accounting firm Kaufman Rossin & Co., and $124,318 in federal payroll taxes.