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I hate to burst your bubble regarding Taylor County.
if Bion loses its patents, nobody (unless the patents holders) can build a plant there or anywhere else. We went through it in previous posts.
Moreover the fact that they invested a lot of money into Bion, means nothing. If Bion is bankrupt or can't build the plans, they will lose their money like every other investor of the company.
To end this post with a positive note, I think that once Annon gets the judgment, things will turn around because the leverage of that judgment can help in changing things in the company very rapidly.
BTW - if Carlos would call me and does what he needs to do now (he has my contact info), the new huge law suit can be avoided and I can work out an immediate settlement with Annon. He will not call me as we tried before, because he is an Idi...
The information obtained by Annon and therefore requesting the 7 days extension is that despite Carlos's previous fraudulent affidavit (which was retracted) he continues to misrepresent in his affidavit.
He claimed he did not know about the Annon case until April since BK was the only one taking care of it in his position as the president of Bion until April 10. He claimed that asking for extension of 30 days (to stall and buy time).
Unfortunately for him, Annon attorney obtain many docs with Carlos signature, board meeting and to as a cherry, a written letter from Carlos's lawyer stating that BK took a leave of absence on Sep 2014.
I guess even for a magician like Carlos will be hard to explain the court how in the hell BK was President on April 10 when in another place he states he left his position 7 months before.
Also, I guess it will be interesting to explain how is signature was on the paper that was served to him in January 2015 by Annon law suit. Hold on, I know - he will say that BK forged his signature? Or you guys will have better explanation?
Keep reading all the docs...
Good luck boys.
I am done here.
Last think for the smart ones among you to consider, Carlos has less than 3% stake in the company. On November 14, 2014, he falsely tried to register his restrictive shares for sale. ( previous post of mine with the news release).
All he cares about is getting is salary from the company.
Good Luck to you all...
Go to the pacer system (your lawyer will have it), read the courts docs and let me know if I am right or you are just ignorant..
Is it really important how I know? You guys are busy concentrating on the personality of the people who post here instead of the facts.
Do your homework like I did and find out for yourself if it's true or not.
I am not here to educate anyone how you secure loans with the patents, convertible loans, VWAP, or other stock market definitions.
If you are not interested for me to post anymore, no problem.
Keep figuring everything yourself....
Hi Codaras
To your questions:
1. If you have controlling interest why have you not already removed the board
I said that between myself and investors I know we will have the majority. In order to remove the board, I need to have shareholders meeting and than be able to remove the board. it takes few weeks to setup and I will do that only after Annon wins the suit.I will than be able to negotiate a deal with them and get a new Mgt in.
2. paid the loan (as you said you could) and saved the shareholders?
How can i pay the loan if the alleged criminal breached 3 agreements with me and refuse to speak with me? Once he is out, we will be able to work out the Mezz terms. I am here to save the company not the shareholders. Since I am one of you, it goes without saying that if the company is saved, we will all profit from it.
3. why would counsel to wait and let Annon get the patents and start a new company since they aren't public.
I said its their option. If they will not get paid by the company, that's what they will do. Why, you ask, not a public company? if you knew the history of that company (which is connected to the aforementioned Confidential Settlement agreement) you would understand what kind of skeletons are in this shell company!
4. Being that you are in mezzanine financing why would make a statement that the patents can't be used for financing because they are securing Annon loan?
Of course they can, however right now the patents have a lien n them. until they are released (by paying Annon) you can use them for anything. Its like a first mortgage on a house - you can't sell it until you paid off the bank.
5. You also are trying to make people think that the patents are everything. Bion has all the engineering, the agreements to supply biomass, the offtake agreements, bond Allocations, the vendors, contractors, permits etc.
I am sorry to inform you that all the engineering, the agreements to supply biomass, the offtake agreements, bond Allocations, the vendors, contractors, permits etc, are worthless without the patents. Why, you ask? because all of the above are based on the intellectual property (patents)of the company. If the company does not hold them anymore, any doing by BION will be considered infringement of the patents. Its like any Pharma or high-tech company loosing their patents and continue to operate like nothing happens. Its true that if the patent is expired, than everyone can use the technology behind it. Its not the case here. Moreover, the company's real value is determined by the strength of their patents and its ability to leverage on them.
5. what makes sense in scraping all that to start over with only the patents in the hands of a non public company?
The real "killing" is done in an IPO (Initial public offering).You build it to the point that you are ready to go public (in our case, once the EPC is completed and the building of the first site begin). You than indicate in the prospectus that each plant is capable to produce x amount of tons, yielding Ebida of $57M a year which translates to $570M value on 10X Ebida - $300M loan taken to build the plant = $270M market value. Than you raise $50M in the IPO and that value. this is why. BTW - Annon does not have to start the all thing from scratch. They can go to the Italian engineering company, pay them something and proceed with them. All the different counties will love to proceed with the plants, as they need and want them.
6. I don't know what your view are and therefore not trying to change them. I am just stating the facts as I see them.I know you are intelligent enough to figure out that my knowledge of the company and its Mgt is vast and what I write here is not BS.
Should you have any other questions, please do not hesitate posting them at your connivance and i will try to answer them to the best of my knowledge.
thx
I rather not. I don't need every investor on this forum and many of them obviously don't like me, to call me. However, I'll be happy to share with you all the info I have and you can ask me whatever you want.
I am not hiding behind different names on this forum and am ready to share everything I know or think will happen.
Thx
You seem the most intelligent of all the people who posted a reply to me. Don't be naive. It's very hard to raise funds to the company at the current situation. I conducted over 6 months of DD on the company. I can raise them the funds once it's all cleared.
If there 5 people ahead of Annon, I am very sorry to hear that. I don't understand why r u so cheerful about it. But FYI, Annon has the seniority on all patents.
As far as Mezzanine financing, that's what I do. Nobody will give the company money with all the law suits hanging over them. If they do, good for all of us!
If not, the problem remains.
As far what I propose to do, NOTHING. Hang on to your shares, wait for the Annon judgment, after that the board will be removed by them or by shareholders meeting.
You ask how, I have enough shares and the largest shareholders of the company to constitute a majority to have resolutions such as removing the board, nominating new CEO, etc.
My interest is to keep the company going and be worth $200m and I believe it will happen when things will change shortly.
So hang in there and I'll continue to update you on what's happening.
You are a genius in avoiding the facts. The patents are securing Annon claim. Therefore the patents can not be used to built the plans or secure the financing of it.
However, when Annon wins in few weeks, they can use the parents they received in the judgment to secure the financing of plants that they will build, not BioNitrogen.
I think you should stick to commercializing your Orange world renounce patents, or securing your safe deposit box that $100,000 were stolen from it (you claim) 5 min before going to invest the money in BioNitrogen.
I am sorry to inform you that Annon has the option to take the technology, open a new company (without all the bad history) and proceed from there.
If he doesn't get paid, that's exactly what will happen
I don't know Carlis. He just join the company and I assume that if he is a serious man, he is studying all the facts as we write these posts.
The rest of them, especially Mario are cowards and if they did not have Directors insurance, they would not stay there 1 day.
As to the replacement of Carlos, currently not only he doesn't run the company, just putting it more in the hole.
They are enough talented and honest people who can replace him.
Soon we will have a shareholders meeting and everything will be clear to you all.
Carlos days in the company are numbered.
Dear Codaras
If u know that the Annon case is real and most likely the company will lose and all the patents are securing their claim, what else do you need to realize that we are losing the company???
Guys / girls, if u care about your investment , put for few dollars and buy the court docs as was suggested in a previous post and see for yourself.
You will see the following:
1. All the intellectual property is securing the loan.
2. You will see a judgment against the company for not responding to the allegations.
3. You will read how Carlos trying to stall and buy time by blaming in his original affidavit that BK and 2 law firms did not notify him of the law suit.
4. Following letters Carlos received from the 2 law firms asking him to immediately retract the forged affidavit otherwise he will be sued, he did.
5. Next week you will read about Annon submitting indisputable evidence that Not only Carlos knew about it since January, he is the one who handle it vs Annon ( nothing to do with BK)
6. In 2-3 weeks you will see a final judgement against the company.
I am happy to see that some of you are starting to wise up and ask questions and look at the info without dismissing it as if u were a Carlos cult member.
BTW - I am not here to protect BK, however with all the allegations, where is the lawsuit against him?, why isn't he in Jail? Like u ask me every post - where are the hard evidence for wrong doing except what Carlos is insinuating??
Things sometimes are not what they seem to be. Think about it, ask questions, demand explanation!
Shortly, the only way the company will survive is if we remove Carlos.
I know you don't know who I am, but I can promise you (please don't start posting about it) that I will be able to work out and solve the dispute with Annon and with the upcoming huge law suit and arrange for sizable investment into the company when Carlos and the board are replaced with honest business people.
Thank You
Btw - I am not slamming the company, only Carlos.
I believe in the company's mission and the business but worried (unlike you) that it all fall apart because of your alleged admired cult leader criminal.
Thank you for your psychological analysis of me.
I apologize that the group of family of investors that are presented with news wires on Blumberg, news articles, misrepresented q1 and annual report, court documents, etc don't see it as evidence.
My mistake - I am used to deal with normal people that when presented with solid facts, not ignore them like they are not there.
When u r diluted by 55% soon and Annon Consulting will take the company's intellectual property maybe you and your friends will wake up?
Probably not, Carlos will tell you it's all BS and not real and you will believe him.
I think it's good idea for you to buy more. You will make a lot of money with Carlos. After all, it's ok to do illegal things in a startup such as BION. However, in couple of weeks when Annon Consulting will get a judgment against the company and take away its technology, you would not have to apologize to me, only to your family for losing the money because u were to Stu..to check out the facts as they are in my previous posts.
Good luck
Aircorps - are u satisfied yet?
I think the company has a great potential and can be worth much more that it is now. However, the reason I am posting that information is that Carlos in my opinion is jeopardizing the existing of the company by his alleged criminal activities and by not not settling the huge legal suit by Annon Consulting (which i offered him to do)and we will all lose our entire investment in the company.
If he is removed by the board of puppets that are turning their heads away knowing what he does(not going to happen), all the outstanding legal suits and new potential law suits (A huge one is coming that will dilute all investors by over 55% (see p. 16-17 to Q1 about the confidential settlement agreement) can be settled and new money will come to the company enable it to realize the real potential it has.
Have a good weekend
How about misrepresenting the annual and q1 reports?
P.16-17 regarding the settlement of some confidential agreement - he claimed it was settled in 2015. Never settled, complete lie and misrepresentation.
How about removing illegally the shares of BK from the insider's holdings although they are legally registered and restricted (can't sell them) with the transfer agent?
Where are the missing 19m shares that just disappeared from the balance sheet ?
Would you like to know more things?
Stay tuned...
As far as legal suit, I already wrote to google the following: Annon Consulting vs BioNitrogen.
Annon holds all the patents of the company as a collateral to secure his loan. Upon receiving a judgment very soon, the company will be worth 0, as they will no longer have intellectual property and they will not be able to build any plants.
As far as Carlos allegedly forged affidavit to court, after blaming the last 2 law firms and Bk that he was not notified about that law suit (ya right) he was threatened to be sued by both law firms for forgery, he retracted and changed his affidavit.
Ask your lawyers to go in the Pacer system, all docs are there.
What else do u want proof of??
Sure thing:
As far as Carlos selling his shares, from Blumberg terminal on 11/14/2014:
BIONITROGEN HOLDINGS CORP: CONTRERAS DEL SOLAR CARLOS ALBERTO TR
2014-11-15 03:38:47.399 GMT
FORM 144 FILED AT THE SECURITIES AND EXCHANGE COMMISSION ON 11/12/14
APPROXIMATE DATE OF SALE: 12/01/14
CONTRERAS DEL SOLAR CARLOS ALBERTO TRUST, SHAREHOLDER, OF 1400 CENTRE PARK
BLVD, STE 860, WEST PALM BEACH, FL 33401, HAS FILED TO SELL 3,700,000 SHARES
OF BIONITROGEN HOLDINGS CORP [BION] THROUGH SPENCER EDWARDS INC. ISSUER PHONE
561-600-9550
----------------------------------------------------------------------
The Washington Service reports Form 144 (Proposed Sale of Securities)
filings released by the S.E.C.
Additional Form 144 filing information is available to qualified
professional investors through our web site (www.washingtonservice.com).
Further information on our services may be obtained by calling
301-913-5100, e-mailing us at info@washingtonservice.com, or by typing {WSA
Everything I write in this forum is backed by official docs and public domain info..,
Is that so? So they can hide info from shareholders, misrepresent their annual and 10q reports and do whatever they want? How convenient
Ignorance is bliss
If I am falsely accusing him, he is welcome to sue me for slandering his name. In the meantime, although you are probably a friend or a family member of the alleged criminal, read the documents, check the facts and than tell me who is biased.
The SEC will decide if what i am saying is correct or not.
Carlos in a 2001 article:
"We had the north addicted to Coca (Cocaine)" and continues:
"Why can't we have them addicted to our gas"
https://news.google.com/newspapers?nid=1817&dat=20010712&id=9kogAAAAIBAJ&sjid=WKYEAAAAIBAJ&pg=7019,5492414&hl=en
I didn't know that Carlos also pretended to be a drug Lord, or maybe he is?
1. Carols had to disclose the Bolivian government indictment according to SEC regulations
2. The alleged illegal actions he took in the U.S are much worse:
A. Allegedly forge affidavit to U.S. court
B. Did not disclose material law suit against the company and that all the patents of the company can be lost as they were given to the plaintiff as collateral to his loan to the company. Google - Annon Consulting VS. BioNitrogen
C. Tried to sell his 7.7M shares by allegedly reported himself as non affiliate of the company, so the legend will be removed from his shares and he can sell them - SHOWING REAL BELIEF IN THE COMPANY and additional criminal activity on his behalf.
D. He misrepresented the facts in the Q1 report regarding settling certain confidential Settlement agreements.Issued additional shares without explanations who got them and why.
2. He changed 3 law firms in 45 days, leaving the first 2 with over $100k of unpaid legal fees.
3. The company was evicted from one of their 2 offices in the building and allegedly be evicted soon from the other office.
4.The list goes on and on
4. A full report of all his alleged illegal actions will be reported to the SEC.
Carlos was indicted by the Attorney general of Bolivia
https://translate.google.com/translate?sl=es&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.fiscalia.gob.bo%2Fwebfiscalia%2Findex.php%2Fnoticias%2F129-publico-presenta-acusacion-formal-contra-goni-y-tuto-en-caso-petrocontratos&edit-text
As an alleged criminal, of course he did not disclose it to the SEC or the shareholders. Moreover, he removed the description of his position as a minister in the Bolivian government from the website - I wonder why?
The interesting question is if he will end up in a Bolivian Jail or a U.S one for other violation and alleged forgery of documents to US court and other violations that will be unfolded in the coming days.
stay tuned...