BioNitrogen Holdings Corp. (BIONQ)

[LongRun8]

Nice interview; thanks for sharing.

I think their 3-yr goal of having 10 plants is probably a bit far-fetched, though. If it takes 18 months to build one plant, they'd have to get really cracking on all the planning, funding, construction for all the other proposed plants. Seems unrealistic to do all that in three years, esp. without dilutive financing...unless they are miraculously able to get tax-exempt bonds and venture capitalists to invest private money without more share issuance. I recognize that they could be working on plans for other future plants as we speak, but I had asked this very question to Adam end of last year and he said the company was focused 100% on Hardee County plant and not anywhere else. The reason I had asked about other plants was in reference to one of their earlier PRs:

http://www.marketwire.com/press-release/retransmission-bionitrogen-corp-bion-q1-2012-shareholder-report-pinksheets-bion-1640973.htm

Either way, everything seemed a little pie in the sky early on in their history, like how much the plants would cost to build, how long it would take to build, and how many plants they would build.

Don't get me wrong: I've got nothing against reaching for the stars and having big goals, and I still like this company; but I'll patiently wait for the first plant before I start dreaming about multiple plants.

Have a nice Friday and weekend, everyone!