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WARNING to all the BIONQ investors and shareholders! All the common shares (448M shares) will be canceled by FINRA anytime! Which means up to 448M shares will be dumped at 0.0001 ~ 0.0002 very soon... Therefore when anyone liquidates his BIONQ shares just a little bit late one would end up with no way to sell one's shares due to "No Bid" at all (i.e 0 x 0.0001)!
BIONQ: All the common shares will be Canceled anytime from the official public company news below!
Jun 27, 2017, 12:51 ET
DORAL, Fla., June 27, 2017 /PRNewswire/ -- BioNitrogen (OTC PINK: BIONQ) is today confirming that it was unable to reorganize under the protection of the Chapter 11 process given the unproven nature of the technologies and the difficult environment in the global Urea market over the last 2 years. There were no bidders for the business and the company was unable to raise fresh capital despite several promising leads – in large part due to the very depressed nature of global energy and Urea pricing.
With agreement of all major unsecured creditors, the intellectual property of the company was transferred to the one secured creditor, Annon Consulting, Inc., in lieu of its secured claim. This formed part of a broad agreement presented to the Bankruptcy Court in Florida on April 25th 2017 and approved earlier this month – June 7th.
After several further weeks of review, it has been concluded that there are no business opportunities for BioNitrogen given its lack of both assets (Intellectual Property) and cash. BioNitrogen has ceased all other operations, effective immediately. The company has requested that FINRA de-list the stock from the OTC exchange and this request is pending approvals. Chairman and CEO, Graham Copley will step down from his role as soon as the delisting process is complete.
SOURCE BioNitrogen
https://www.prnewswire.com/news-releases/bionitrogen-announces-results-of-chapter-11-process-the-shutdown-of-all-corporate-activity-and-the-resignation-of-chairman-and-ceo-graham-copley-300480545.html
Or someone is trying to front-load before a pump.
Or, maybe, not so quietly.
It seems BIONQ will be canceled as soon as tomorrow or next week since so many Bankrupt "Q" peers are canceled by SEC/FINRA today!
At $0.0004 the Market Value of BIONQ is $179.2K which is ridiculous high because the majority of OTC Shells (i.e. not-Bankrupt non-"Q" OTCNI-Tier Non-Reporting OTC stocks) are trading below $179.2K Market Value now!
Re:
Why so many shareholders are still holding their BIONQ shares which will be canceled by FINRA/SEC anytime? The current Market Value of BIONQ is even higher than the majority of OTC shell's Market Value! If I were a shareholder of BIONQ then I would sell out all the BIONQ shares at 0.0003 ~ 0.0001 then use all the proceeds to buy a Investment-Grade OTC stock (i.e. any Positive Book Value OTC stock) to recover the huge losses from BIONQ.
BIONQ has 1B shares AS and 448M shares OS. At the 52-week high 0.0081 it has $3.63M Market Value which is ridiculous high!
Why any investor with the right mind would hold a soon-being-canceled "Q" stock? When BIONQ is canceled (anytime from now on) all the common shares will be worthy ZERO!
How can people buy and sell shares when the ceo cancelled all shares. Am i missing something?
Yep fridays and todays action. Someone trying to quietly load.
Watching close. Looks like we are starting to get some action here.
This seems to be waking up a lil bit. 0003 to 0006. Volume picking up
Its probably just some large bag holder pumping it up to blow out really quick.
I'm hearing Pacer updates coming would make sense why volume all of a sudden. $BIONQ
Hilarious, COMMONS CANCELED, CEO CONFIRMED!!
Wtf I don't understand these tickers, only go up when I sell positions
Finra hasn't delisted it yet, the process is still ongoing.
It can sometimes take weeks or months.
I don't understand it. If this stock is done, why is there still trading?
JUNE 27/17 >> BioNitrogen has ceased all other operations, effective immediately. The company has requested that FINRA de-list the stock from the OTC exchange and this request is pending approvals. Chairman and CEO, Graham Copley will step down from his role as soon as the delisting process is complete.
ALL SHARES BEING CANCELED, IN PR, FACT
Call me stupid, shouldnt this have been delisted by now? Anyone know anything further about what the future holds for this symbol or the patents? Thank you in advance...
Looks very promising indeed! $.$ i had ti grab shares here and also $FROT set up nice for a HuGe breakout!
Thanks, DJ. I spotted some new, baseless pumping here, and had to check it out.
Unfortunately for this one. Tried to warn the board earlier. Luckily someone posted the PR stating so.
I didn't have the sack for this me, and missed it!
Happens on almost all BK cases. Common shareholders get nothing. Their shares are cancelled. Sounds like it's happening here soon.
Must be some reason this ran today...sure sputtered and died
Ask me how I knew? Lmao....
Wow chit bro! Lmao....
U get out I hope? Lol....
Want me to send in flopsy? Lol...
Yeah, that one really soared Friday afternoon.
No problem.
I'll stick with HAMPQ and its 1m Float. Much safer..
Wow CHITTTT! Lmao.. Somebody is making $$$$$
I was to stupid, and past.
Stoked for you man!
I always get reverse chit fever!
Just wanted people to see what the Co pr'ed on June 27th when most of us exited. One of the few companies here I can recall that had the courtesy to alert investors.
Well now, the most honest post all day. Thanks Gary.
Things are always able to reverse except doa
Seems to be a reversal of some kind going on here...
What's going on, I thought shares were cancelled here?
Gents, This company shares is to be cancelled, per their recent Pacer Documents. The BK case has been closed since July 11th. I would look them over. Be careful buying in:
https://www.pacermonitor.com/case/9737941/BioNitrogen_Holdings,_Corp
Move your bids up peeps
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The agricultural industry today faces significant new economic and environmental challenges at both regional and global levels. In our commitment to the development of safer, cleaner bio-technologies, we have assembled a remarkable new innovation capable of turning these challenges into powerful competitive advantages for agriculture and beyond. - See more at:http://www.bionitrogen.com/#sthash.2Z6HlbcR.dpuf
Our investment strategy is simple: Build longterm value for the shareholder by producing a cost-competitive, high-quality and environmentally responsible urea fertilizer in the same American agricultural markets we serve. - See more at:
May 18, 2015: BioNitrogen Holdings Corp. Announces the Appointment of Carlis Sabinson to Its Board of Directors
http://money.cnn.com/news/newsfeeds/articles/marketwire/1195492.htm
May 12, 2015: BioNitrogen Announces Agreement With Air Liquide for Plant Air and Gas Requirements -
http://www.bionitrogen.com/plant_construction_updates/bionitrogen-announces-agreement-with-air-liquide-for-plant-air-and-gas-requirements/#sthash.1TyJzgMu.dpuf
http://www.bionitrogen.com/news-media/
Carlos A. Contreras, M.B.A., B.S. Chairman, Board of Directors
Mario G. Beruvides, Ph.D. P.E. Member, Board of Directors
Roger Imperial Member, Board of Directors
James Simonton, Ph.D. Member, Board of Directors
Carlis “Chic” Sabinson, Member, Board of Directors
Ernesto "Ernie" Iznaga, MBA Secretary, Board of Directors
1400 Centrepark Boulevard, Suite 860
West Palm Beach, FL 33401
Email: info@bionitrogen.com
Phone: +1 (561) 600-9550 | Fax: +1 (561) 290-1620
Contact:
Lilian Ruiz
Pentant, LLC Email: BION@Pentant.com Phone: +1 (203) 553-9825 -
See more at: http://www.bionitrogen.com/contact-us/#sthash.5RHDKwoK.dpuf
http://www.otcmarkets.com/stock/BION/filings
https://www.facebook.com/bionitrogen
Twitter.com/bionitrogen
https://www.linkedin.com/company/bionitrogen
YouTube.com/BioNitrogenHoldings
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