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You're half right, difumetti.
The price per share is down due to bad news and negative sentiment by outsiders... like you and Gatorlady.
That creates a buying opportunity for those who are focused upon the things that count.
I realize that my latest comments to Gatorlady might seem harsh... and might appear as "bullying."
However, I've told her what she needs to know... as opposed to what she wants to hear.
I'm sure she's a good and lovely young lady.
That's why I have endeavored to teach her something.
I'm impressed by her spirit and willingness to speak her mind... right or wrong!
That's why I care about her.
I can tell that she's a good girl.
Granted, BION is enduring a crisis. It COULD fail.
But focusing upon the insignificant details... that ALL start up companies go through... is how folks like you and Gatorlady miss out on opportunities.
Tomorrow, I'm jumping on the opportunity to buy another 100,000 shares of BION... for only $2,000 or so.
If BION fails and I lose my investment... you and Gatorlady will get to laugh at me.
But if I'm right, you and Gatorlady will miss an opportunity to turn $2,000 into $100,000.
AND, you will learn a hard lesson... due to the fact that you both... "can't see the forest for the trees."
Thanks, AirCorps, I'm careful about speculating on the start up companies.
A - there has to be a feasible product or service... with strong demand.
B - There has to be a competent and proven management team.
BION meets and exceeds both criteria.
Bad news and/or no news simply make it cheaper to accumulate.
SOMEONE will fund the construction of the plants.
I see at least one dollar per share within 12 months after the ground breaking.
Go BION !!
Thanks Codaras. I suspect that a path forward has been established, based on the internal audit. Things still look promising to me.
In the interest of getting back on topic, has anyone heard of any progress in the Annon lawsuit or the internal audit by the new FBI Agent board member?
Actually, Gatorlady, you tell us much about yourself every time you post something.
You have taken the stage, so-to-speak, before a group of analytical minds.
Most of us have children and grandchildren your age.
Have you noticed that all of us have been respectful and tolerated your attack on a company in which we have made an investment?
That's because all of us here recognize your youth and inexperience.
This is a group of good folks.
Anyone here, I'm guessing, would be willing to help you learn more about business and life.
As soon as you recognize how little you know, you will be able to gain knowledge from this group.
As long as you believe that you know what's going on... you will remain anchored to juvenile and ridiculous conclusions.
No one here is blindly following a leader... or things we read on the internet.
Everyone here sees and recognizes an opportunity to make massive profits from this lucrative enterprise called BION.
We are all well-aware of the risks associated with a small, start up company like BION.
Yes, BION might fail... But... not because of any of the silly things that command your attention.
Sorry, Codaras. I just found it and it doesn't allow me to reply.
I guess I should go ahead and buy Ihub's service. I like it here.
I'll probably sign up next week.
For now, try this form: http://www.newdaywealthprotection.com/contact.html
Relax, Gatorlady, I'm not "preaching" about BION.
I'm simply trying to understand you and help you think more rationally.
Many of your remarks have been emotional and demonstrate a lack of experience... both in business and in life.
.
Rest assured that I will liquidate my position in BION the moment that the product proves unfeasible or I lose confidence in management's ability to solve problems that arise.
The present problems are common in start up companies.
You might, however, prove to be right. BION could fail.
But, you would be correct only by accident.
.
I mean no disrespect, but so far, you have only contributed juvenile remarks based upon unreliable sentiments that you have seen online.
That's not research, young lady. That's being gullible.
.
As for executives serving on multiple boards, that too, is a common practice. It only appears dark and mysterious to the uninformed.
That's logical, Gatorlady, but if you begin ANY research AFTER reaching a conclusion you will naturally be drawn to info that supports your conclusion.
You will naturally interpret benign information in way that supports your conclusion.
If BION did not require non-disclosure agreements, I would have less confidence in its management team's expertise.
Keep in mind that these municipal development boards typically demand to know EVERYTHING about what a company intends to build in their community.
Non-disclosure agreements are common... especially when the company is bringing new technology to market.
All new companies have much to hide.
That makes sense, I understand what you have found in your research.
Just keep in mind that much of what you find has to be qualified.
Like all other start up companies, BION has enemies.
Former investors, disgruntled employees, and competitors often use the internet to prejudice people against a company or its management team.
As for the timeline, all of us here are disappointed with how long it is taking to build the first plant.
Try doing some comparative research on other companies who have built large-scale facilities like a fertilizer plant.
You will find that even large, well-financed companies can take years to accomplish what BION is trying to do... starting from scratch... with no capital.
You have no enemies here.
We just believe that BION might make it.
The potential rewards justify the risk.
Don't get defensive, Gatorlady :)
I'm just trying to understand.
A rational shareholder would simply sell their shares and walk away if they believed what you believe.
You told us that one of the plant sites is in your neighborhood.
Now you say that it's not about building in your neighborhood.
So... please tell us why you are so obsessed with BION.
I bought more BION today, here's why:
A - Nothing has changed about the product and its feasibility.
B - The present Board of Directors is eminently qualified to solve the present problems.
C - Each of these fertilizer plants can produce $50 million to $80 million per year in revenues. SOMEONE will provide the needed capital.
D - The risk/reward proposition still favors a positive outcome.
Hi, Gatorlady, we have something in common.
Since you didn't answer my question, I assume you own no shares of BION. So, I assume that your only purpose is to stop them from building a large chemical plant in your neighborhood.
Everyone here can sympathize with you... Me in particular.
God has blessed me with a home in Charleston, South Carolina, and a second home in the mountains near Asheville, North Carolina. But, my favorite place is a tiny farm I bought in the country about an hour's drive outside of Charleston. It's my 10 acre "man-cave."
A few months ago, I learned that a private company had optioned to buy the 30 acre cornfield next door to my favorite place. So, I have the same problem that you do. There's going to be noisy construction followed by a noisy 24/7 operation with bright lights. It's a private company that intends to build and operate a 30 acre maximum-security prison right next door to my favorite place.
Like you, I'm doing everything I can to stop it... But, I have a plan B... You should too!
Here's what we are both up against: Most members of the community support it and want it because of the jobs and economic boost that it will bring to a rural community. I will continue trying to stop them, but I have to recognize reality. And, getting angry about it won't help.
So, I bought shares in the company that is trying to ruin my favorite place. It's a pennystock like BION and if I lose the fight, their stock will go through the roof and give me significant profits. I will be able to buy a new and larger farm farther down the road. If I win the fight, I'll lose my investment, but I will still have my favorite place.
At today's closing price, you could buy 100,000 shares of BION for only $2,100. If you are successful in stopping BION, or if it fails as a company, you will lose your money. If, however, BION is successful and they build that plant in your neighborhood... Your 100,000 shares could quickly climb to a value of $100,000 or more. That should give you a good start in a new location away from the lights and the noise.
It's just a suggestion. I wish you well, young lady. :)
Hi, LongRun, that's worth considering.
We don't know what Carlos inherited when he became CEO/Chairman.
We don't know what accounting decisions were made by BK.
Identifying the accounting changes might be very revealing.
Negative or positive, that would be good data when correlated with the actual developments and progress toward the goal of closing on the bond sale.
Actually, Mr. Contreras acted as quickly as was legally possible.
One has to be careful and follow a proper course when dealing with alleged white collar crime.
Many companies have been successfully sued by fired employees because they acted too quickly without following proper procedures.
Consider how carefully even violent criminals are treated by the police.
Look at how long it takes prosecutors to bring them to justice.
When this happens to a small start up company like BION, a few months is indeed swift.
Perhaps your definition of swift is unrealistic.
Do you own BION shares?
Zero shares sold today, that's a good sign!
The sellers have finished selling.
The buyers now outnumber the sellers.
If there's no further bad news, the price will rise.
Let's be rational and realistic.
BION is in a crisis due to the actions and in-actions of the former President.
Mr. Contreras acted swiftly to remedy the situation.
New members are on the board to validate the technology and BION's financial condition.
This type of cash crisis is to be expected in the wake of recent developments.
I'm still confident that the board will solve these problems.
The technology is not a hoax.
The cost of the EPC is a relatively minor contingency for the bond sale to go forward.
I'm not selling. I'm buying more.
As I understand it, the bonds are underwritten by Stifel and have been sold "with contingencies."
Completing the EPC is ONE of the contingencies. (I don't know what the others are.)
That's why I suggest looking beyond the EPC.
The bond sale won't close until all contingencies are met.
My biggest concern is getting the bond sale closed before this shaky bond market collapses and the buyer backs out...
THE CLOSING OF THE BOND SALE PRODUCES THE CASH FOR PLANT CONSTRUCTION.
I too would like to see regular press releases.
I suspect that they will get back on track with that soon.
Chances are, lawyers are soaking up both company cash and executive time.
Also, we don't know what the internal investigation is discovering.
Hopefully the next news we get will be a status update on the EPC.
I'm still in for the ride !!!
Hi runnerup, They are in the midst of a crisis.
I've been there... with attacks from all sides.
Along with the usual problems and challenges, they have fires to put out.
I agree that the technology is ground-breaking and will disrupt a global industry.
( In case you missed it; http://tinyurl.com/p9fgo9v )
I'm still in it because of the technology and the company's potential.
As difficult as things seem, this is normal for a start up company.
No matter who is running the company, these problems will exist.
I remain confident in Carlos and the board to solve these problems.
That's why I keep buying more on the dips.
For now, if there is no further bad news, I see the new office address as a smart way to conserve cash.
Look beyond the EPC.
It will be the bond sale that provides the cash to build the first plant.
Good sign / bad sign about the new address.
The new address is a virtual office provider.
On one hand, it's a sign of smart cash control.
I use one myself for our Las Vegas office.
It saves money and I have an office when I'm there.
On the other hand, it could be a sign of being flat broke.
It's too soon to tell.
BK's actions/in-actions have created many problems.
I'm still confident that Carlos and this board will solve those problems.
Here's BION's new headquarters:
http://www.xoffices.com/index.php?option=com_content&view=featured&Itemid=101
Hi, Ron. It's been a little boring here without you :)
I hope you have more substantive news for us.
What's the latest that we should know?
Anyone checking on the closed office rumor?
Hopefully we will soon see the bond sale.
That will light the fuse on this rocket we call BION.
Happy 4th of July everyone!
:)
In spite of (perhaps because of) the recent news about my hometown,
I'd like everyone here to consider having an annual BION celebration meeting here :)
It's looking good today and appears that we "longs" are holding the ground.
Go BION !!!
It IS looking better, Dave.
Presently only 10,000 shares offered...39,000 bid at .03.
Let's hope that everyone who wanted out is now gone.
Go BION !!
Good goin' traderwebb, that makes a lot of sense and is more likely the main cause.
I recall an earlier press release where Carlos alluded to necessary design changes.
We may never know ALL the problems caused by BK's actions/in-actions.
I imagine that the funding for the EPC has been held up due to the present internal investigation.
When the investigation is completed and BION's financial condition is clear and documented... there should be funding available to get the EPC.
This will satisfy the contingencies to proceed with the bond sale.
Again, Stifel has plenty of motivation to help get the EPC done and proceed with the bond sale.
I agree and I'm not wishing, but we are dead in the water without the EPC.
I doubt that they would go that route, but it is a possibility.
Stifel has much to gain by assisting with the cost of the EPC.
They will make significant profits from the bond sales to finance the construction of the first 5 plants.
Whether it would be a direct, short term loan or a loan they help to arrange, it seems to me that they have plenty of motivation to help out.
Presently, only $5 million (if that's the true cost) is holding up billions in bond sales.
I'm confident that someone will soon provide the loan.
If mezzanine financing is necessary... so be it.
It's the bond sale that will light the fuse on this soon-to-be rocket.
One day, let's hope, we'll be bragging about buying BION shares at less than 3 cents.
So far, so good, at least in terms of volume.
As of a few minutes ago, no BION shares have been sold today.
The bid price-size started the day at 0.027-100,000.
The bid price has remained the same, but the size has increased to 143,200.
The ask price-size has remained at 0.0293 with only 30,500 shares offered.
This is encouraging.
The buyers now outnumber the sellers (on a volume basis) by 4.7 to 1.
I realize that this is only a moment in time, but it looks like most who were scared out by the recent troubles are now gone.
All we need now is some good news.
You are correct, Longgg and these may be the last days, (weeks, months) that we can accumulate large positions at these low prices.
I'm still convinced that Carlos and the board will get the EPC and bond sale done... barring any new bad news.
I think most who want out are now gone.
When there's good news, the buyers will quickly outnumber the sellers.
I bought more BION today and reduced my average-price-per-share to below 5 cents.
Hang in there folks.
I see today's low volume as another good sign.
When the sellers outnumber the buyers... the price falls.
It looks like everyone scared off by the Reading, PA story, the Anon lawsuit, and the smear campaign against Carlos... has sold out.
Hopefully, the sellers are now gone.
Those who have been driving down the price with the recent attack should now go long.
With any new good news at all, we could see new buyers come in.
When the buyers outnumber the sellers... the price rises.
Hang in there folks!
GO BION !!!!
No problem, I hope it helps and by-the-way, I too bought CINF two years ago.
It's one of my long term keepers.
You might want to take a look at CVX too, for the same reason.
They too have a long history of rising dividends and at these prices, you can lock in a 4% yield.
Hang in there on BION.
If outside forces (or new surprises) don't sink the boat, it should be powering higher after the bond sale.
Buy more on these dips if you can.
GO BION !!! :)
Thanks codaras it looks no final news yet.
I suspect that AF will be quick to publicize it... if there's good news.
Any news about the latest anon hearing and motion to vacate the judgment?
Hi dutchf I'm just fishing for a possible dip.
You never know when someone might need to cash out and dumps a large number of shares on the market.
So, I routinely maintain a low-ball Limit-Buy order on the stocks I'm accumulating.
BION is one of 8 start up companies in which I'm accumulating.
They are all very volatile.
I make low offers. Sometimes I get lucky!
One of my subscribers had placed a Limit-Buy for 100k shares of BION at $0.015.
She was just following my fishing method.
After that Reading, PA story came out of nowhere and knocked the price down, she got lucky and picked up 100,000 shares of Bion for $1500.
Generally, on these start up companies, I place a trailing stop order to execute at a 5% pull back (whenever there is good news and the price is spiking higher.)
Usually, I sell 25 to 50% of my position on each spike.
Then... again generally, I wait for the pull back and place low-ball Limit-Buy orders... just in case.
It doesn't always work. But I've been pretty lucky with this method.
That's a hard one, peafunke.
There's no track record providing any technical analysis.
The fundamentals are sound, but won't get much consideration until they are in production and delivering the product.
That leaves "Trader Sentiment."
I think it would be in the 10 to 15 cent range TODAY were it not for the recent problems and associated bad press... not to mention the campaign to undermine stockholder confidence in Carlos.
As the present hub-bub (internal investigation and anon lawsuit) gets smaller and smaller in the rear view mirror, I think we will see it climb steadily - IF there are no other surprises!
It's the bond sale that will light the fuse on the rocket.
Following that, we could see a whole new crop of investors.
I don't make predictions or count chickens before they hatch...
BUT, I would not be surprised if it climbs above 50 cents once they begin construction.
AND, after they go into production and begin shipping trainloads of urea... it could easily surpass one dollar.
Long term, I see $10 per share.
No one knows how long it will take to reach these milestones.
True Codaras, it's only an indicator.
I just use the stats on my broker's platform.
The changes, regardless of accuracy, do provide insight.
The bid and ask sizes went higher and the trade volume followed since my earlier post.
The bid and ask sizes are back down now.
If volumes stays low, I can be optimistic about my bid.
We'll see :)
BION is up this morning but on low volume... so far.
I placed a Limit-Buy order at $0.026
Presently, the high bid-size is at $0.0277-10,000 shares
The ask-size is at $0.0349-31,800 shares
I'm hoping to get lucky today, but I might have missed the bottom.