Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Latest PR...
What does the latest PR really mean? Is the $150 million funding mentioned in the PR referring to:
A). An additional potential $150 million in funding/bonds from Board of County Commissioners of Hardee County/Florida Development Finance Corporation, or
B). The previously announced $150 million financing BB&T Capital Markets (a division of Scott & Stringfellow, LLC), which Florida is approving for use?? Not sure if Florida Development Finance Corporation has to approve the issuance of BioNitrogen's prior financing?
The PR said Florida Development Finance Corporation got the approval to "issue up to $150 MM in bonds for the construction of the Hardee County plant."
Does BioNitrogen now have $300 million in funding available to build a plant that is projected to cost $120 million?
Thanks, man. Much appreciated. I, too, hope BION loses its shady characters soon. We shall see.
Also, thanks for the Hurricane Sandy sentiments. Hope everyone else out there is doing OK, too. It was a complete disaster for so many people.
Thanks for the info, nodummy. sorry for late reply. was down and out for a bit with hurricane sandy. i appreciate your thoughts in response to my questions. Didn't realize Jay Almieda is also apparently shady. Lots of shady folks here :(
FlaFlyersFan and/or NoDummy, please read and comment.
Regarding this post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77832479, which leads to a lot of other helpful posts, I have some things to discuss.
First, to recap, based on http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=70746 there was a $150,000 debt Note between Claude Eldridge and BION. NoDummy pointed out that after going through all the financials and paperwork of HIDE prior to 12/14/11, there was no debt Note of this $150,000 ever mentioned. Furthermore, since Eldridge and Jarvis did not take over the HIDE shell until 2009, there is no way a debt Note dated February, 2007 could exist. It would appear that the debt Note was completely fake. It seems as though the Note was "created" by them to obtain free trading shares to make themselves rich at the expense of us shareholders. Then, Eldridge, who apparently owned 50% of BION with his 100 million shares of the outstanding 200.5 million shares, did not have to register or claim ownership of those shares b/c he smartly split the shares up between 8 foreign entities, using Regulation S to avoid registering the shares and keeping them free trading. Splitting those shares up b/w 8 different owners in the amount of presumably 12,500,000 shares would keep the ownership for each of those entities under 10% (i.e. approx 6.2%) and thus not make them claim ownership of those shares keeping them available to be free traded. They could sell their shares and make a boat load of money.
That info really started eating at me lately. Anyway, I wanted to check into it some more, so I emailed BION’s Investor Relations to ask him about it.
I was pointed to the website about the scammer Claude Eldridge http://claudeeldridge.com/ which I had already seen. Adam told me that Eldridge was no longer affiliated with BION. I kept pressing on it to get more info, though. Then, I was told that:
1). Eldridge owns an insignificant number of shares in the company, actually less than 25,000 shares.
2). Eldridge sold the shell and a promissory note to another promoter out of Canada, via Diane Dalmy (a former lawyer of the company and shell guys who is black listed by the OTC Markets). The promoters received 100 million shares in November / December 2011. The stock was run up, they could not raise capital, etc. Eldridge and Dalmy are both no longer related or affiliated to the company. They collectively own approximately 50,000 shares in the company.
I have some questions for NoDummy and FlaFlyersFan if they can help:
1. Does that seem true? I thought the shares were sold to eight entities, not just one in Canada.
2. If all (or most) of the shares that the scammers (or promoters) held were sold during the pump and dump, does that mean that we could finally be left with a company who is free of crooked people? Is it possible that BioNitrogen is finally rid of those people that were in the middle of the reverse merger between HIDE and BIO-SNG Technologies, which formed BioNitrogen as we know it?
Your thoughts would be appreciated.
I agree that BION is a ways off from making revenue. We certainly know that. This is what the long holders (myself included) have reconciled in their minds already.
But I am confused by your statement about "What have you done in the past four years?". I don't think BioNitrogen was incorporated until Sept 2011, so they seem like they have accomplished quite a bit in just over a year. I think they are getting all their ducks in a row. I'm still optimistic, although cautiously optimistic.
Traderwebb, thanks for the positive thoughts. I'm still on the "bullish" side of this stock but just have a few reservations, which I'm trying to get info on. Another post is coming regarding the info I got today on that. Standby...
I hear ya. I was hoping to put a little more faith in the contracts. Either way, I thought they had funding in place:
http://www.bionitrogen.com/2012/10/03/bionitrogen-signs-engagement-letter-to-raise-150-million-for-florida-plant/
I WILL say that I am a little worried about Claude Eldridge's past history with HIDE and then with BION (thanks to NoDummy and FlaFlyersFan for their info on this). I'm hoping this whole thing is not just another scam from Eldridge.
I just keeping thinking that their way of making fertilizer is so revolutionary and if it works this company would go places. BTW, I was assuming that they must know it works...but you were saying that maybe it's not even concrete that they will be able to produce it?
I'll keep holding for now, but I am starting to be a little nervous.
Anyone of the few followers of this stock out there know any recent news regarding their study progress? I have been sitting on this stock for some time now without any news from the company. I really want to just make my money back (or sell for a little loss, if necessary) on this stock and get out if there is no hope on the horizon.
Haha. I'm no BioNitrogen executive, but I wish I were.
BTW, I'm just a normal novice investor who really thinks BION could go places. I read a lot of the posts from a long time ago that FlaFlyersFan was nice enough to point me towards, but I continue to think that even though risk does exist...I'm willing to take the risk. Also, I could have made a few grand in profit off of this stock but chose not to b/c I think it can bring even bigger rewards in the future. Maybe I'm wrong, but hopefully not. Also, why do you keep knocking the patent applications? You don't think that brings any credence to what they are trying to accomplish? And all their contracts with KBR/Granherne, United Suppliers, Scott & Stringfellow/BB&T Capital Markets, and with Hardee County re the railroad stuff? They really don't mean anything? I'm seriously asking this question, too; I'm not joking. I would assume that these entities would not enter into a contract with a company that has no promise or is completely crooked. Maybe I'm just naive. I think I read a post here a while ago where somebody said it's common for companies on the pink sheets to announce contracts like this. But is it really that easy for a crooked company to get well respected business people/companies to contract with them and not fear the negative consequences down the road?
Exactly. The patent applications are real.
Not sure if those links I posted in my last post regarding the patents work correctly. I'll try again below, but if for some reason it doesn't work, follow the easy steps below, which I did to confirm the patents.
Patent #1: http://portal.uspto.gov/external/portal/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3hff1NDc1NLYwN3SzcDA08PwyD_YF8zINcYKB-JW97AiCLdBgR0h4Nci992vPIGEHkDHMDRQN_PIz83VT9SP8ocpylGZvqROanpicmV-gW5oREGmQEZgY6KigBnIW_S/dl3/d3/L0lJSklna21DU1EhIS9JRGpBQU15QUJFUkNKRXFnLzRGR2dzbzBWdnphOUlBOW9JQSEhLzdfTU81MTc1OTMwRzlGMDBJSDFST1NNNjMwMjYvSHE1cHg2OTE2MDA0OC9zYS5nZXRCaWI!/
Patent #2: http://portal.uspto.gov/external/portal/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3hff1NDc1NLYwN3SzcDA08PwyD_YF8zINcYKB-JW97AiCLdBgR0h4Nci992vPIGEHkDHMDRQN_PIz83Vb8gNzTCIDMgHQCGKKj-/dl3/d3/L0lDU0lKSWdrbUNTUS9JUFJBQUlpQ2dBek15cXpHWUEhIS80QkVqOG8wRmxHaXQtYlhwQUh0Qi83X01PNTE3NTkzMEc5RjAwSUgxUk9TTTYzMDI2L3RiNXB4NjkxNjAxMTYvc2EuZ2V0Qmli/
If the links above don't work, try this:
Steps to find Patent #1 “Modularized System and Method for Urea Production Using BioMass”
Go to http://portal.uspto.gov/external/portal/pair
Click on "Application Number", then paste this patent application # in the search box: 13/058,308.
You'll find the info to the above patent from BioNitrogen.
Steps to find Patent #2 "System, Method and Apparatus for Producing Fertilizer and/or Mixed Fuels”
Go to http://portal.uspto.gov/external/portal/pair
Click on "PCT Number", then paste this Patent Cooperation Treaty Application number in the search box: PCT/US10/45342.
You'll find the info to the above patent from BioNitrogen.
Hope that helps...
I think the bump up in share price was related to the news that there was going to be funding for the railroad to bring in biomass. That was the news that got some excitement going. Then time went by, interest fell, and so did share prices again. i hear ya about lowering your average. i know from your posts you have averaged down (like others of us), so that's good at least, even if you're at a point where it's not possible to keep investing. i haven't invested crazy dollars (around a couple grand), but I wish I could invest a lot more. for now, i'm averaged down enough and will sit tight! good luck to you, TW, and all who are in on BION.
Great article. Thanks for bringing to our attention, Traderwebb! Codaras, I, too, thought the financing info would increase share price; but it didn't really budge. Either way, I think traction and interest will grow in the future. I have added small amounts with the share price being down recently to increase my holdings.
I wish I had sold when it was around $0.11 only to make a decent profit and then repurchase when price has fallen back to where it is. Could have multiplied my quantity by a good factor. Hindsight is 20:20. Only wish I could have predicted it would come back down. Having said that, the moment I sell the shares trying to make a profit and then repurchase at a lower share price, with my luck, that's when the price would continue to rise!
I just re-checked and a lot of the links are working now but there are still some that don't work. And the reference to Lubbock is gone now, too!
They might be monitoring this board or randomly their website was being updated at the exact time of my post. Either way, glad it's being updated. But like the other poster said, maybe b/c they are small business and their resources/employees are scant. Either way, I think keeping the website up to date is good for inspiring confidence in future investors. It just looks unprofessional when most of the links did not work.
Has anybody noticed that a majority of the links on Bionitrogen's website don't work anymore? Plus, it still says their first plant is being built in Lubbock, Texas.
Thought this ad on LinkedIn was interesting:
[url][/url][tag]http://www.linkedin.com/jobs?viewJob=&jobId=3857094&trk=jobs_vj_bmap&goback=.fjs_*1_*1_*1_Y_us_*1_*1_1_R_true_*1_*2_*2_*2_us%3A49_*2_acct_*2_*2.vjs_3897937_*2_*2_*2_false_*2.vjs_3859622_*2_*2_*2_false_*2[/tag]
Financial Controller
BioNitrogen - Miami/Fort Lauderdale Area
Job Description
Financial Controller
We’re looking for a talented controller to act as a financial advisor to the company, providing general accounting, technical accounting, analysis and planning, budget control, accounting methods and profit and loss reporting.
This is an exciting opportunity with a new company poised to expand rapidly and will provide career growth for the selected individual.
Essential Duties and Responsibilities:
• Manage all accounting and controller functions of the rapidly expanding company, while enhancing the systems and processes required to meet a variety of reporting requirements.
• Maintain overall responsibility for the preparation and distribution of timely and accurate financial and operational reports, which evaluate performance against operating objectives and provide a timely and insightful basis to enable operating management to make tactical and strategic business decisions.
• Assure compliance with accounting standards and statutory requirements through the maintenance of well-organized and structured accounts and records, the establishment of comprehensive financial policies and procedures, and through the development of internal controls.
• Maintain efficient internal financial controls and business processes while creating and maintaining a cost conscious environment.
• Establish and maintain strong working relationships with management and identify and develop solutions to a full-range of business problems.
Please visit our website at www.bionitrogen.com.
That was certainly good news (if true...I guess you can never know for sure if everything is a sham); but either way, I figured that news would have sparked volume and drove price up, but it didn't really seem to do that.
I hear ya. I'm rolling with it too because I believe in their concept as well. Would love to see the first time ground is broken! I like your enthusiasm for the company and your willingness to jump right in answer make visits to these places. Always good to see where you are investing your money!
By the way, I was completely shocked by the low number of shareholders as well. Couldn't believe it was that low. Can't remember off top of my head when the pump started but I figured it would have made more investors than that.
I would not have thought you were being rude simply by answering a question that I posed.
Anyway, I do remember that release that you mentioned regarding the share rollback for those holders involved in the convertible debt; however, I would have assumed that the release would have been more specific (i.e. not calling 100,504,262 shares 100,000,000 shares for the sake of simplicity). Maybe you are correct in your assumption that the 100,504,262 really does pertain to those 100 million. It definitely makes sense after you point that out.
Another reason that it didn't make sense to me initially was that I thought the rollback would have been completed by now. So the 100 million would now be 333,333,333 (or more specifically to follow your train of thought, they would now be 335,0114 if the 300:1 rollback was on the 100,504,262). But after reading your statement saying that the rollback wasn't complete yet and that it is "ongoing", and after re-reading the release, which says "pending implemenation by the transfer agent" I am realizing it may actually NOT be done yet. I have no idea how long those things should take to be ironed out!
Even still, the numbers I wrote above could all still be wrong since you mentioned that a quarter of that stock had matured (I definitely glossed over that fact along the way or never read it). So really they're dealing with 75 million not 100 million. So then, as you pointed out, the 75 million goes to 250,000 after the rollback. But they might still be rounding because, if for argument's sake, the 100,504,262 shares really are the 100 million number that they rounded down to, then if a quarter of 100,504,262 matured, that would leave 75,378,196.5 shares. A 300:1 rollback on that would be 251,260.655.
I think it would have been a little more clear if they were specific in their numbers during press releases rather than just rounding to 100 million (if that's truely what they did). After typing out all those numbers above, though, I can see why it's just a heck of a lot easier to round when dealing with press releases. Who knows? I'm just running with this.
So, yes, it would suck to be those shareholders if the rollback goes through, especially since it's not like a true reverse split where they decrease the # of shares but the price per share goes up accordingly. They knew what they were getting into, I suppose.
Regarding the "going concern" principle...I agree that this basic accounting principle is elucidated in all their finanicals they have released. It's pretty much in all penny stock's financials. I was just pointing out that from one quarter to the next quarter in their fiscal year, their perception of future funding went from lukewarm (at best) to doubtful.
Let's hope they continue to investigate all avenues of funding and get some big whigs with a lot of $$$ who believe in what BION is doing and what BION can achieve with this revolutionary technology.
Thanks for chipping in and explaining things from your perspective.
yah, the whole accounts receivable is vague.
one thing that was concerning to me was...
on p.8 of the March financial statements they said,
"Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern."
However, on p.5 of the June financial statements they said,
"we do not believe that we will have sufficient cash to meet our short-term capital requirements..."
In June 2012 they said the did NOT think they would have sufficient funds, but in March they said "management believes." Clearly, their feelings in March weren't very reassuring either, but at least they thought they could continue. In June it said they didn't think they could. That is not promising, but considering we are already almost done with another full quarter, hopefully they have changed their mind about their ability to continue!
I have a question for the more experienced traders out there. For total outstanding shares it says 200,500,187. For free trading it says 100,504,262. So I'm a novice but does that mean 200 million shares are available to the public to be traded but only 100,504,262 have been sold from the company so far? If that's correct, then hopefully they don't need to water down the stock by issuing more, they still have plenty to sell. They just need to sell them!
Thanks.
Yes, I did see the info you posted regarding Hardee County. Thanks so much. That is good to see.
I'm hoping to get some more shares if price drops on BION, too; although, like you, I may take a hit on two of my crappy stocks I bought in on that have dropped after a pump as well. Hoping it'll come back up so I can break even and get out...or I may just take the hit and re-invest in BION.
talk soon.
Enjoy the cruise!
BION has had a few nice days lately. Hopefully it continues. If interest drops and/or there is no PR for a while leading to a share price drop, I'll keep adding shares as it falls. I was able to get my average price down to $0.049 after initiating purchasing at $0.55. Unless interest really drops, there is no PR for a while, or something catastrophic happens, it might be hard to get average share cost down any further. But hopefully the PPS just keeps going up. I wouldn't complain about that!
Will definitely look forward to the start of construction and product being made. I think patience will be required. Hopefully the hourly rate (in tons) of fertilizer production isn't OVERstated like the cost of the plant was UNDERstated.
Regarding the agreement with United Suppliers, I had asked Adam about this very same issue two days ago. I had wondered given the change of plans with the Texas plant to the Florida plant if that contract was still valid. He said that it was voided but that they were working on new one since move to Florida. The finalized deal came out much quicker than I had expected! Glad to see that at least :)
They didn't specifically mention the sites by city name (i.e. Lubbock and/or Levelland) but rather the one in "Western Texas." I'm guessing they are scrapping both sites. Wish they had determined appropriate biomass availability before getting as involved as they did. Hopefully biomass (their feedstock for nitrogenous fertilizers) is as abundant and sustainable in future sites as they were making it seem. One would think that waste would be replenishable and cheaper to obtain than fossil fuels, the typical feedstock for the fertilizers. Hope this continues to be the case.
I remember a while ago that they were in design stages with KBR for the Lubbock, Texas site. Hopefully everything they worked on (and paid on) with KBR will just apply to the modular facility in Texas. Would be complete waste of time/money if that was all for nought and not applied to the Florida site. Also, I wonder if they are stuck with land they paid for for the Lubbock site.
Regarding the timeline, from previous reports I had read from BION, Phase I engineering for the first site was supposed to be 11 weeks. Then there was Phase II engineering. Not sure how long Phase II would take. Phase III engineering followed that and I think encompassed actual construction as well. If Phase III was really the actual construction, we know from BION, and as you said, that they think they can build the plant in 18 months. So, anyway, if they can apply to the Florida site the engineering data they worked on for the Texas site, then hopefully they are that much closer to actual construction in FL. If not, it starts all over. I imagine they can apply the plans if they are planning on designing the same exact modular plant regardless of its location. If it's location specific designs, then all bets are off.
I had seen no info prior to this point that they were close to scrapping the Texas site(s), so it's kind of weird that it was just listed simply as an aside during their latest press release.
well, it sounds like the Texas plans don't even matter anymore given the PR they put out a couple of days ago, which I didn't notice until today. That's doesn't bode too well if the Texas plans are scrapped. From all the previous PR reports they were looking into doing two facilities there. Hope the Florida one pans out b/c they will lose investor confidence if they keep bailing on their plans.
****************************
BioNitrogen Corporation (PINKSHEETS: BION), a cleantech company that utilizes proprietary technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today it has signed an agreement to purchase biomass from a 40-acre parcel of land in Hardee County, Florida. The biomass consists of tree trimmings, agricultural waste and woodchips suitable for use as feedstock in the production of urea fertilizer. The land is part of a larger parcel on which BioNitrogen plans to construct a biomass-to-urea production facility.
The land is currently owned by Larry Davis, a partner in Florida Fertilizer Company, and is being leased to BioNitrogen for a period of two years with an automatic two-year renewal provision.
Florida is one of the largest producers of tree trimmings as well as other sustainable biomass, a feedstock that is year-round and not subject to severe declines in production due to the changes in weather.
In addition, the rapid and sustained development in Florida has positively impacted the process of producing sustainable sources of biomass. The growth in the number of golf courses as well as both residential and commercial developments has increased the amount of land producing biomass. The amount of biomass has grown to the point where companies disposing of biomass are paying large "tipping fees" to collection centers where the trimmings are disposed. BioNitrogen intends to collect tipping fees for the disposal of the waste.
Carlos A. Contreras, President & CEO of BioNitrogen, stated, "The biomass, or plant feedstock, is a material cost in our plant business model. In the planned operation being set up in Hardee County we can source the biomass and generate revenues at the same time, on a year-round basis."
Earlier this year, BioNitrogen announced that it had signed a Letter of Intent to construct a fertilizer plant in West Texas. Due to a reassessment of both the availability of appropriate biomass and the potential market for urea in the region, the company has decided to postpone any expansion in West Texas and focus its resources and capital in Hardee County, Florida. As noted above, Hardee County has both a large supply of wood-based biomass and a large potential market for urea, making it an ideal location to build BioNitrogen's first plant. At some point in the future, the company may review the feasibility of a plant in West Texas.
About BioNitrogen Corporation
BioNitrogen Corp. (PINKSHEETS: BION) is a cleantech company that utilizes proprietary technology to build environmentally-friendly plants that convert biomass into urea fertilizer. Our mission is to provide safe, cost effective, green solutions that are economically beneficial in locations where biomass is produced and urea is consumed. Additional information can be found at www.BioNitrogen.com.
Safe Harbor Statement
The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices and other factors as discussed in filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company's expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.
CONTACT:
Adam Friedman
Principal
Adam Friedman Associates
Email Contact
(212) 981-2529
SOURCE: BioNitrogen Corporation
I found Lubbock, Texas city records/agenda online, and Bionitrogen was on the agenda for their plans for their inaugural plant. There was also a public hearing regarding it. So they at least are doing what they said they are doing and not just taking investors' money and doing nothing. Traderwebb already researched their agreement with United Suppliers, and Kakaobaron did the research on Kobay. Hopefully their plants get going and their forecasts become reality. Each successful plant will hopefully bring more and more plants across the globe. The more marketshare they can take over the better!
Does anybody know when the second film of the documentary comes out? Are they still continuing that or were plans scrapped? Anyone see the original?
I was sincere, but like I mentioned...I'm totally a newbie and was taken in initially on the "pump" as it is called. I bought after it's peak but the shares still dropped precipitously after I bought. Thanks for leading me to the post, which linked to a lot of other helpful posts as well. Defnitely some weird shenanigans going on there for sure. Strong investigative work by you and others. I wonder, though, if that crap doesn't happen for a lot of other companies, where executives get a huge amount of shares at ridiculously low costs and then they sell them off when share price goes up.
Regarding the cost of the plants only being $65 million to build vs. the other traditional plants costing so much more, based on BION's website, it would appear to be due to the fact that the facilities are smaller and modular. Plus, they aren't using fossil fuel for the feedstock but rather biomass, so the buildings probably can't be compared as apples to apples when it comes to construction costs.
Either way, if BION is truly legit and they plan on building plants and making products with patent-pending technology that seems to be green, cutting edge, and reproducible at lower costs than the current gold standard, it still makes me think this is a good investment. I could easily be wrong. And like you said, penny stocks are probably not the best for long-term investments...but don't some companies with really good ideas have to start as penny stocks and work their way up? I'm still hoping this company will be one of those. And I hope they move to the OTC-QB and have to report more to the SEC so we can see their financials.
Thank you for your help, flaflyersfan. Much appreciated. This will have to be my last post today as I reached my limit of three until they clear me for 15.
Thanks so much for the reply. I am trying to catch up on all of the posts over the past few months; but I read all of yours...and I think you are spot on. I agree that this is definitely a stock for the long run. Buy now and store up plenty of stocks for the future. This will be a definite 3-5 yr plan (or more) as they will hopefully explode as more and more plants are buillt. Thanks for your due diligence on following up with the United Suppliers, KBR, etc. Hope that they don't increase the # of shares and dilute anything down. Does anybody know what the significance of doing that reverse split for those specific stock holders? Does that affect any of us common stock holders? Also, do we have any idea of when they might be going to the OTC-QB exchange? Thanks for all your help. Good luck trading, everyone :)
I am new to investing, but I heard about BION during a promotion (not sure if that's good or bad for a company). I invested and have watched my investment dwindle, but I have lowered my average share cost by investing at a handful of other points as the stock fell. I still can't help but feel that this company is going to take off at some point. I am going to continue to invest and hope the company becomes huge or gets bought out. Their technology seems like it could become the new gold standard in nitrogen fertilizer production. In today's society of everyone trying to go "greener" and also reduce our reliance on fuel, BION seems like a real market contender, in my opinion.
What are everyone's opinions about this company trading on pink sheets? Does that make them not legit? Are they REALLY planning on going to OTC-QB like I read somewhere? Also, b/c they were part of a penny stock promo, does that make people nervous that this company is a shell or some devious company? Is there anyway to find out for sure if this company really filed plans in Lubbock, Texas to build its inaugural plant...or is the company making that up? I am not sure what is within SEC rules or pink sheet rules when it comes to stuff like that.
Thanks for the patience as I'm a new investor and got sucked into BION right away. I hope it was for a good thing, as I'm in this for the long haul!