DD Support Board and Research Team

[nodummy]

BION- sounds like any of those 100,000,000 shares issued to Claude Eldridge and his cohorts (John Jarvis, Jay Almieda, Michael Strizzi, etc.) at $.0001/share for that bogus $150,000 debt Note that were not sold during the big pump&dump from January will now be reverse split 300:1.

I say bogus debt Note because the BION shell was completely inactive for several years before John Jarvis and Claude Eldridge hijacked it in 2009. There is no way a debt Note could have been created in 2007.

According to the PR every 300 shares still owned by the Note holder from that December 2011 debt Note conversion will now become 1 share. Of course the PR only mentions an "intent" to consolidate the shares. I'll be surprised if it ever happens if there are even many of those 100,000,000 shares left. I doubt that too many of those shares are left after the big pump&dump in January. The stock hit nearly $2.00/share before being dumped down to under $.04/share. I sounds more like ammunition to me to run a mini pump&dump on the stock for the insiders to dump some more shares.


Here is some old research on BION from during that awful pump&dump:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71466039

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71467011

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72960217

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72963572





At $.01/share those 100,000,000 shares are worth $1,000,000 for $10,000 worth of debt. At $.10/share those 100,000,000 shares are worth $10,000,000 for $10,000 worth of debt.

The outstanding balance still not converted for that debt Note is $67,766.66 as of March 31, 2012 according to the last OTC filing done by BION.

At $.0001/share that will be another 677,660,000 free trading shares for Claude Eldridge, John Jarvis, and gang to dump.

At $.001/share that will be another 67,766,000 free trading shares for Claude Eldridge, John Jarvis and gang to dump.

We don't know which conversion rate they will get this time, but obviously the officers of BION are not against allowing the insiders to get as many shares as possible from the debt Note based on the previous conversions and the fact that they are facilitating the insider enrichment being done from this bogus debt Note.