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That's easy...
Quit waiting for it.
It's never gonna happen.
This thing is dead.
And it's gonna stay dead.
Until the SEC de-registers it.
There is no "shell" play here.
Too many liabilities.
So, anything that "happens" here... is a scam ? Not sure why anyone would find that confusing ?
$Id like much more than every day watch for the News...!!!
BioNovo, Inc (BNVI) the share price will correct itself once a quality acquisition is made.
Looks to me now like it was wildly overpriced, by about 36 times, back when it was trading at $0.0036...
Looks to me like management killed this company... on purpose...
Probably for a reason...
Now, the failed financiers are looking for some new bag holders to take as many of these valueless shares off their hands as possible, at as dear a price as they can manage ?
LOL!!
There is no value left here... which doesn't seem to be a good reason to overpay for an interest in owning a share of... nothing.
The company is defunct...
They've already fired all the employees, closed their facilities still owing on the lease, and disposed of all the productive assets in an auction... leaving them nothing to work with... even if they wanted to "work towards" anything...
If there was any value remaining... it's been taken...
The unmet liabilities associated with that fact likely even kills any potential as a "shell" play...
Other than that... good luck trading this dead POS...
So the compnay is bankrupt, the pps decreased and has now hit the bottom and bouncing. Sounds almost like a BOTTOM BOUNCER!!!!!!!!!!
What The company is working towards news !
Item 1.03. Bankruptcy or Receivership.
On October 26, 2012, 2:00 p.m. Pacific Time, Bionovo, Inc. a Delaware corporation (the “Company”), filed a Voluntary Petition for Chapter 7 with the U.S. Bankruptcy Court, Northern District of California, Office 4, Oakland, CA.
The case number is 12-48725 assigned to Judge William J. Lafferty and Trustee Michael G. Kasolas. The first meeting of creditors with 341(a) will be held on November 19, 2012 at 11:30 a.m. at the Oakland U.S. Trustee Office.
The Company's assets and liabilities were filed with the U.S. Bankruptcy Court, Northern California District. All of the Company's assets will be liquidated. The Company estimates that, after any exempt property is excluded and administrative expenses paid, there will be no funds available for distribution to unsecured creditors.
http://www.sec.gov/Archives/edgar/data/1203957/000114420412058973/v327205_8k.htm
TOP STOCK PLAYS
Bionovo Inc. (PINK:BNVI) shares fell 29.33% and closed at $0.0053. The 52 week trading range for the company is $0.00 – $0.28. The shares of the company plunged 80% in the last one year. The company is a development-stage enterprise engaged in the development of pharmaceuticals, derived from botanical sources, to treat cancer and women’s health.
I hope it has and continues to GREENER DAYS!
Try reading the posts on the board you're posting too ?
Show me some Facts?
They already put out the news about the company breaking...
Now it's just broken...
BioNovo, Inc (BNVI)'
Id rather let"s, get the scoop, always on the cutting edge of breaking news we need to hear from the company.
LOL!!
Yeah... if the only "conditions" are ones that require no value, and no reason to have any interest... other than the obvious effort in promotion of the total POS to the clueless and unwary.
There is nothing here other than a dead shell...
It's also probably not a useful shell... given the open ended liabilities associated with the prior management's self dealing in taking the assets and running off.
Good luck flogging it, though...
Conditions here for a Break Out..!
There is nothing to "work"...
They've pulled the plug on this... sold off all the assets, including the furniture...
Nothing of value left here... as what they didn't sell off for cash at the auction, they simply took, leaving shareholders holding the bag...
BioNovo, Inc (BNVI) has a Promising Future if this Works!
very little resistance to .01
40% swings, nice!!! .01 coming here!!
We will See the FDa and News..!
The company pick up and went home in the start of phase 3 saying that they ran out of money and no investors... very odd?? They liquidated their assets, went bankrupt, closed down shop, but there are 2 FDA trials completed on their Menerba drug, got to worth big money somehow somewhere,possibly a company may pick up what's left in FDA past trials and research doc.any ones guess. made a few bucks on the first round...rolled it back in on this round and in the black.
JMO
Good Luck,
Look at the chart.
So this company has something almost in phase 3 and its sub penny?
Due for News..BioNovo, Inc (BNVI) Somethin's Brewing!! Hold on to your Shares !!
BioNovo, Inc (BNVI) Somethin's Brewing!! Hold on to your shares & keep on Accumulating!!
BioNovo, Inc BNVI CHART 0.009
http://www.otcmarkets.com/stock/BNVI/company-info
BioNovo, Inc (BNVI) as it moves towards $1.00 or more!
BioNovo, Inc (BNVI) $ if it can stay green for today may be good sign going forward
BioNovo, Inc (BNVI) stock and will soon prove to be the better option.
BioNovo, Inc (BNVI) time to load, buy while others are fearful !!!
Nothing can Stop the (Bnvi)-Train...Go BioNovo !
Jumping Higher..Lets Go Back Up... BioNovo, Inc (BNVI)
http://www.thehotpennystocks.com/Stock-Quotes/?stock=BNVI
Jumping Higher..Lets Go Back Up... BioNovo, Inc (BNVI)
Im Adding to My Position..Go (BNVI)
Im Adding to My Position..Go(BNVI)
Yeah... the jury is out... and they're not coming back.
jury is still out...FDA doc's, got to be worth something... to somebody... somehow???
anyone know
how many shares are outstanding as of now.
thanks
Im holding Long...~!
Stay Strong BNVI Caught my Interest, Best of Luck.
Stock BNVI
http://www.bionovo.com/
http://finance.yahoo.com/q/ks?s=BNVI
Bionovo, Inc.
Strong Buy here Accumulation...!
1-Nov-2012
Bankruptcy or Receivership
Item 1.03. Bankruptcy or Receivership.
On October 26, 2012, 2:00 p.m. Pacific Time, Bionovo, Inc. a Delaware corporation (the "Company"), filed a Voluntary Petition for Chapter 7 with the U.S. Bankruptcy Court, Northern District of California, Office 4, Oakland, CA.
The case number is 12-48725 assigned to Judge William J. Lafferty and Trustee Michael G. Kasolas. The first meeting of creditors with 341(a) will be held on November 19, 2012 at 11:30 a.m. at the Oakland U.S. Trustee Office.
The Company's assets and liabilities were filed with the U.S. Bankruptcy Court, Northern California District. All of the Company's assets will be liquidated. The Company estimates that, after any exempt property is excluded and administrative expenses paid, there will be no funds available for distribution to unsecured creditors.
"Despite scientific, clinical and regulatory success, Bionovo was unable to secure funding for its Phase 3 clinical trial for MF101 (Menerba), a novel botanical drugs for the treatment of menopausal symptoms", said Dr. Isaac Cohen, Ex- Chairman and Ex- CEO of Bionovo, Inc. "On October 4, 2012, Bionovo received a response to a formal dispute appeal with the FDA, stating that MF101 is approvable if safety and efficacy were to be demonstrated in clinical testing. More so, the FDA stated clearly and unambiguously that the CMC package and the 10 batch records for MF101, Bionovo provided for the Phase 3 clinical testing were accepted by the Agency."
BNVI Using Scutellaria Barbata to make AntiCancer drugs
http://www.metacafe.com/watch/2324932/using_scutellaria_barbata_to_make_anticancer_drugs/
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http://www.bionovo.com/
http://finance.yahoo.com/q/ks?s=BNVI
Bionovo, Inc., a development stage company, engages in the discovery and development of drugs in the areas of cancer and women?s health primarily in the United States. It develops drugs to treat breast and ovarian cancers, and for menopause. The company?s product and drug pipeline includes MF101, a selective estrogen receptor beta agonist, which is designed to alleviate the symptoms of menopause, including hot flashes, night sweats, and bone mineral loss; and BZL101, an apoptosis inducing factor translocator/activator, which is used as an anticancer agent for breast and ovarian cancers, as well as used for the treatment of other solid tumors. In addition, its drug pipeline, which is not entered human clinical trials includes AA102, an apoptosis inducer, which is used as an anticancer agent that attenuates mitochodrial membrane potential to cause a cytochrome c release and caspase activation to induce apoptosis; and VG101, vasodilator and an antimicrobial agent, which is an intra-vaginal gel for the treatment of postmenopausal vaginal dryness. The company has collaboration with the University of California at San Francisco; University of California at Berkeley; University of California at Davis; University of Texas, Southwestern; and University of Colorado Health Sciences College. Bionovo was founded in 2002 and is headquartered in Emeryville, California.
http://www.dawsonjames.com/portal/BNVI_Initiation_11_3_2009.pdf
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