BioNitrogen Holdings Corp. (BIONQ)

[The Blues]

The bottom line is they signed off on the loan, they knew the terms no matter how bad they were. They were a huge risk and that is why the interest was high. They owed the money and were trying to screw the lender just like everybody else they deal with. The right thing to do when you borrow money is to pay it back not try and slip out of the loan on some technicality. I am sure that is what the judge thought also. Do you think anybody else will loan them money now knowing their history of trying to weasel their way out of loans? I think not. You can not trust them to do the RIGHT thing!