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What I said was the Firm Fixed Price EPC is for Hendry only.
Gatorlady may I suggest you read the companies financial reports. They come out every quarter and a lot of your questions are answered in them.
The firm fixed price EPC is for Hendry county only.
Rule number 1 NEVER put more money in a penny stock than you can afford to lose. No matter how good you think the company is.
I would like to remind everyone of this SIGNIFICANT detail
Taylor County, Florida | Perry News – Herald From Perry-Herald News, April 17-18, 2015 BioNitrogen remains on schedule and is close to reaching several production milestones in its efforts to construct a $300 million urea fertilizer plant in Taylor County, according to company officials. CEO Carlos A. Contreras told the Perry News-Herald Thursday that BioNitrogen has reached an agreement with a company for program management services and funding for the plant here.
Focus on the last sentence.
On 6/23 bion filed that their attorney would be unavailable for 2 weeks in october. Guessing that means a settlement is not immanent. I also remember hearing that all the companies info has been turned over to the SEC and Finra. I dont think the company itself is doing anymore investigation.
I sent you my email in the pm
TFletcher did you get my PM?
Permits are for a finite amount of time. It really doesnt make sense to seek approval in april if you wont be ready to build until october.
Thats not completely accurate. I spoke with them a month ago. It has been received but isnt being reviewed because they havent paid the spplication fee yet.
Sounds like a fair request to me!
The Q2 is due out in 3 weeks. That should give more insite.
I agree. Still holding but havent seen anything to encourage more buying.
the .29 was form t sale which they post after trading ends for the day.
What exactly is the sequence involved in the EPC contract to sale of bonds on through the beginning of construction?
The Engineering, Procurement and Construction (“EPC”) comes before or concurrent with financial closing of the project.
Above quote is from BION FAQ page.
It occurred to me everyone (myself included) has been assuming EPC has to be before bonds. I think that is a mistake. The company even says it can be concurrent with financial closing. Since they have been working with Stifel since late May I am guessing bonds and EPC could be completed as early as the beginning of August.
This would also explain why they have been so quiet. They aren't allowed to discuss where they are when in the middle of the process.
Which office?
In the immortal words of Yul Brenner " so let it be written so let it be done!"
Enjoy your vacation. I will keep you posted
Ha ha the second coat was mine
yes, right now. It is also commercially available. The company also plans to do human testing but will be generating revenue from the animal version in the mean time. Doesn't mean ARCH won't be successful but does mean they have a serious competitor.
looks like they may have some serious competition.
http://www.suneris.co/vetigel/
Very astute and correct
Bion filed their rebuttal in Annon case yesterday. They also filed attorney letter with otc to get them back to current. Also Longg some of the things you are complaining about and dont understand why they arent doing they arent allowed to talk about until finalized. Obviously its a personal decision how long to keep waiting. I continue to wait and with a lot of renewed confidence. All i will say is dig the answers are there.
Actually if you read the report you will see no shares have been issued in the 2nd quarter to date.
Don't know what to tell you it's on page 7 like I said and pasted.
http://www.otcmarkets.com/financialReportViewer?symbol=BION&id=140162
Bion refiled their year end and Q1 reports today. Looks like they have made a lot of past transactions clearer. Also states they are planning on producing DEF in addition to urea. That's a big deal! DEF is a huge market. Also states outstanding shares as of June 15th 2015 are 424 million. That's a DECREASE of 10 million shares. The Q1 is worth the read. A lot of hidden gems in my opinion. Looks like the accountant and compliance guys have been very hard at work.
Here are 2 paragraphs from page 7. I find the 2nd one really interesting.
BioNitrogen is focused on building fully operational, turnkey manufacturing facilities to produce urea fertilizer, urea ammonium nitrate (UAN), melamine and diesel exhaust fluid (DEF).
The Company’s proprietary technologies transform residual agricultural and forestry waste and other biomass materials into urea for sale to farmers and agricultural wholesalers and retailers.
Activities to date include completing the fixed price EPC (engineering, procurement and construction) contract, obtaining patent-pending technologies, hiring qualified personnel, acquiring land and raising capital to fund operations.
Yes they never filed required attorney letter for 1st Q
Yeah. No recent updates from the company to drive any buying interest. Another investor update like the one back in the beginning of May would be nice.
Fyi MM's frequently won't show true bid size. Multiple people announced they were buying today. I suspect the MM's noticed the stronger than usual bid support and decided to stretch the spread to make extra cash
Probably from thursday article in clewiston paper that stated FDOT was giving Bionitrogen an extension because of delays
Ronald Fussman (Registered Representative, Herzelia Pituach, Israel) submitted a Letter of Acceptance, Waiver and Consent pursuant to which he was fined $25,000, barred from association with any NASD member in any capacity, and ordered to pay $45,125 in disgorgement. Without admitting or denying the allegations, Fussman consented to the described sanctions and to the entry of findings that he established and maintained fictitious accounts to effect securities transactions for his own personal benefit. The findings also stated that, in contravention of the Board of Governors Free-Riding and Withholding Interpretation, Fussman purchased shares of an initial public offering that traded at a premium in the immediate aftermarket and then sold the securities on the same day the offering went public at a $45,125 profit.
BION CIK # is 0001015979 for anyone that wants to check the veracity of previous post.
Directly from sec website. 4 most recent filings from BION
Filings
Format
Description
Filing Date
File/Film Number
8-K Documents Current report, item 8.01
Acc-no: 0001477932-15-003393 (34 Act) Size: 12 KB 2015-05-20 333-06835
15878528
8-K Documents Current report, items 1.01, 2.03, 3.02, and 9.01
Acc-no: 0001144204-12-038270 (34 Act) Size: 781 KB 2012-07-05 333-06835
12948592
8-K Documents Current report, items 7.01 and 9.01
Acc-no: 0001144204-12-006574 (34 Act) Size: 18 KB 2012-02-08 333-06835
12581241
8-K Documents Current report, items 1.01 and 5.02
Acc-no: 0001144204-11-057010 (34 Act) Size: 36 KB
Just to refresh everyone. Bion Filing with the SEC
Section 8 – Other Events
Item 8.01 Other Events.
BioNitrogen Holdings Corp. is referred to herein as "we", "our" or "us."
On September 9, 2014, our then President/Chief Financial Officer, Bryan B. Kornegay, Jr. (“Kornegay”), was criminally charged by the
Office of State Attorney for the 10 th Judicial District of Florida with grand theft in excess of $100,000. Following the publication of those
charges, on or about September 19, 2014, Kornegay took a leave of absence from his positions as our President/Chief Financial Officer. The
leave of absence was approved by our Board of Directors. The criminal matter was ultimately dismissed.
In January 2015, we engaged legal counsel to conduct an internal investigation of Kornegay’s handling and issuance of our securities,
funds paid by investors, bank accounts into which the investor funds were deposited and related transactions. On March 23, 2015 and April 8,
2015, our legal counsel presented preliminary findings of the internal investigation to our Board of Directors, including Kornegay. In response
to these preliminary findings, which included allegations of misconduct by Kornegay, Kornegay resigned from our Board of Directors effective
April 10, 2015. Thereafter, we continued (and continue to this date) to conduct an internal investigation of damages that we have suffered from
Kornegay’s misconduct.
We made a preliminary report of our internal investigation’s findings to the United States Securities and Exchange Commission and we
will cooperate with federal regulators to identify potential violations of the federal securities laws and to recover identifiable losses that we
have suffered.
2
Some food for thought for those concerned. On a monetary basis Taylor county has more money in this project than the largest shareholder by a magnitude of 4. At todays prices their investment would be worth north of 100 million shares. They are extremely pleased with the progress of the company as has been stated publicly. They know of the lawsuit. They don't seem worried about getting their money back. In fact the only concern they had was with the former president. They know better than anyone here how things are progressing. I suspect the reason for their confidence will become apparent to all in the not to distant future.
Ok Roni I am going to regurgitate quotes from you. Would love to hear how your explanation of these contradictory statements make for a lucid argument.
Annon is not a publicly traded company.
Post 12805 you referred to Annon as he ( individual) will open knew company with patents if he doesn't get paid.
post 12789 you said you offered to settle lawsuit. You also said we all lose our entire investment if Annon wins suit,
post 12807 you said patents are securing Annon loan and can't be used for financing. You also stated mezzanine financing is what you do.
Post 12811 you say you control enough shares to remove the board.
Post 12811 you also counsel to hold shares until Annon gets patent rights and starts new company.
These are my questions.
1. If you have controlling interest why have you not already removed the board 2. paid the loan (as you said you could)
and saved the shareholders?
3. why would counsel to wait and let Annon get the patents and start a new company since they aren't public.
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?
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.
5. what makes sense in scraping all that to start over with only the patents in the hands of a non public company?
look forward to your response but will tell you I know enough of what is going on that you will not change my position.
2 words for you. mezzanine financing. So no matter what happens with this lawsuit I can guarantee you one thing. Annon will never be the end recipient of those patents.
Let me refresh your memory.
In a federal lawsuit filed this week, a Canadian company said BioNitrogen failed to repay $845,000. Annon Consulting Inc. of Toronto sued BioNitrogen for defaulting on a loan that was due in June. The interest rate was 30 percent, according to the suit.
Annon Consulting’s attorney declined to comment, but Kornegay said he’s renegotiating the loan and called Annon “a fan, supporter, big advocate of the company
And as the court douments show dating back to when B.K. was in: This was a completely false statement. They would not settle with him either.
And because I am bored I will bite. If you want Carlos out so bad and we already know B.K. was crooked. Who do you Propose to run the company. A name not an ambiguous "I know someone".
I might add I question your spurious comments that Carlis Sabinson is some kind of puppet for Carlos. The man has very impressive credentials so I find your castigation of him unfounded. Additionally that fact that he is on Carlos and not B.K.'s side of this speaks volumes.
Carlin was company media guy. He was also B.K.'s brother in law. He went when B.K. went. He had set up the accounts as personal accounts thus when he was asked to leave he pulled down accounts in an act of spite. Adam will verify that.