BioNitrogen Holdings Corp. (BIONQ)

[codaras]

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.