Paying for the completion of the EPC report was gating event last summer when they announced virtually the exact same ground breaking before EOY 14, until they get ~$1.5M more in funding nothing will happen. I don't want to rain on the parade and please note I am heavily invested and still very much long, but if you pay close attention they were closing on additional funding to complete the EPC with an expectation to break ground in early Q4 2014, then before the end of the year, then Q1 2015, then in the first half of 2015, now before the end of the year. The causal factor remains lack of funding, nothing will ever move forward until they get at least another $1M and that might not be enough, the problem is who is going to sink that kind of money in the company at this point. Meanwhile BION is open and honest about the fact they have and will continue to issue additional shares to sell in order to keep the lights on, which will continue to depress current PPS as well as dilute our current company value (I think we will all be shocked at the outstanding shares issued between Q414 and Q115). I have accepted this fact and view anything other than news the EPC has been funded as nothing more than noise, interesting to read but literally means nothing in the big picture. Am I frustrated, sure, am I still a passionate believer in the company and future potential, absolutely. I just wanted to provide a brutally honest and clear picture since the company won’t.
