BioNitrogen Holdings Corp. (BIONQ)

[TFletcher]

Let's keep proper perspective.
In spite of BION's cash crisis and legal confrontations, it remains to be a lucrative enterprise... worthy of investment.
Being short on cash and defending against lawsuits is common stuff that all new companies face.
The "losers" (among the new companies in which I have invested and lost money) ALL have two things in common:
1. No one is fighting for control of the company.
2. There are no lawsuits seeking to cash-in on future profits.
Ironically, it's a good sign to me that there are those seeking to displace management and take control.
It's a good sign to me that there are those who are willing to invest in a lawsuit... expecting the company to have money to pay any judgment they MIGHT win in court.
The greatest threat to BION's profitability is NOT the temporary cash crunch or nuisance lawsuits.
Rising interest rates pose a more significant threat.
Presently, BION has a golden window of opportunity to sell their bonds during an historic low in the cost of borrowing capital.
This post illustrates the greatest threat: http://tinyurl.com/ntqhekg