BioNitrogen Holdings Corp. (BIONQ)

[The Blues]

At best BION squeaks by and gets the EPC. They let the bonds. Do you trust BION to do the right thing by their shareholders? They may do a 1 for 100 or 300 reverse split (to get up listed right) and then turn around and issue themselves more shares through options. They may do a follow on offering further diluting the shares. This all comes down to trust. They control every decision since they can vote them up or down without any input from the shareholders.

Based on what I have seen so far it does not look good. This is a publicly traded company that does not keep the shareholders informed about anything. With all the litigation going on that could potentially bankrupt this company, you have not seen one press release from the company informing shareholders much less keeping them updated. It seems that if there are known facts that could have a material effect, the company should be legally bound to disclose it publicly. I have followed this company for about 3 years now and have a substantial investment in it that I have watched go swirling down the drain. I grow weary.