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Monday, March 19, 2018 11:27:01 AM
TRDX is up 50% so far with 987M shares OS and float plus 2B shares AS! It had already bounced 8-Bagger from 0.0001 to 0.0008 v.s. AFTC (61.871M shares FIXED Tiny float, 592M shares FIXED Small OS, and 1.5B shares FIXED Low AS) has only bounced 5-Bagger so far! TRDX did several times of Huge Dilutions since 2011 (OS was 458M shares on 12/31/2010) v.s. AFTC has Positive Book Value ($0.0007 a share) with the Same FIXED Low SS near Eight Years (since 2010) without any Single share dilution at all!
TRDX and AFTC have the Same Bottom 0.0001. AFTC has the recent high 0.0021 v.s. TRDX has the recent high 0.0008!
Both AFTC and VGTL are the Nevada companies. TRDX has Very Dangerous "Permanently Revoked" status v.s. AFTC has the Safe Normal "Revoked" status!
To all the BIONQ shareholders: all the common shares will be canceled anytime --- see the news link below! The current Market Value of BIONQ is even higher than the market value of a Positive Book Value ($0.0007 a share) Clean Shell (AFTC) with Millions Dollars worthy Key DME USA Patents!
If I were a shareholder of BIONQ now then I would liquidate all my BIONQ shares at 0.0003 ~ 0.0001 first to avoid the coming stock cancellation (which will put the stock value to ZERO), then use all the proceeds from selling BIONQ to buy a Investment-Grade (i.e Positive Book Value) OTC stock (such as AFTC) to recover the huge losses from investing BIONQ. For instance, selling 5M shares of BIONQ at $0.0003 to collect $1,500 cash first, then use those cash to buy 5M shares of AFTC at $0.0003 which will be worthy $3,500 at least based on the Book Value of AFTC.
BIONQ has 1B shares AS and 448M shares OS. At its recent high $0.0135 BIONQ has $6.048M Market Value which is higher than the Market Value of AFTC at $0.0102 which is 51 Times of its current Mere price $0.0002.
Jun 27, 2017, 12:51 ET
DORAL, Fla., June 27, 2017 /PRNewswire/ -- BioNitrogen (OTC PINK: BIONQ) is today confirming that it was unable to reorganize under the protection of the Chapter 11 process given the unproven nature of the technologies and the difficult environment in the global Urea market over the last 2 years. There were no bidders for the business and the company was unable to raise fresh capital despite several promising leads – in large part due to the very depressed nature of global energy and Urea pricing.
With agreement of all major unsecured creditors, the intellectual property of the company was transferred to the one secured creditor, Annon Consulting, Inc., in lieu of its secured claim. This formed part of a broad agreement presented to the Bankruptcy Court in Florida on April 25th 2017 and approved earlier this month – June 7th.
After several further weeks of review, it has been concluded that there are no business opportunities for BioNitrogen given its lack of both assets (Intellectual Property) and cash. BioNitrogen has ceased all other operations, effective immediately. The company has requested that FINRA de-list the stock from the OTC exchange and this request is pending approvals. Chairman and CEO, Graham Copley will step down from his role as soon as the delisting process is complete.
SOURCE BioNitrogen
https://www.prnewswire.com/news-releases/bionitrogen-announces-results-of-chapter-11-process-the-shutdown-of-all-corporate-activity-and-the-resignation-of-chairman-and-ceo-graham-copley-300480545.html
TRDX and AFTC have the Same Bottom 0.0001. AFTC has the recent high 0.0021 v.s. TRDX has the recent high 0.0008!
Both AFTC and VGTL are the Nevada companies. TRDX has Very Dangerous "Permanently Revoked" status v.s. AFTC has the Safe Normal "Revoked" status!
To all the BIONQ shareholders: all the common shares will be canceled anytime --- see the news link below! The current Market Value of BIONQ is even higher than the market value of a Positive Book Value ($0.0007 a share) Clean Shell (AFTC) with Millions Dollars worthy Key DME USA Patents!
If I were a shareholder of BIONQ now then I would liquidate all my BIONQ shares at 0.0003 ~ 0.0001 first to avoid the coming stock cancellation (which will put the stock value to ZERO), then use all the proceeds from selling BIONQ to buy a Investment-Grade (i.e Positive Book Value) OTC stock (such as AFTC) to recover the huge losses from investing BIONQ. For instance, selling 5M shares of BIONQ at $0.0003 to collect $1,500 cash first, then use those cash to buy 5M shares of AFTC at $0.0003 which will be worthy $3,500 at least based on the Book Value of AFTC.
BIONQ has 1B shares AS and 448M shares OS. At its recent high $0.0135 BIONQ has $6.048M Market Value which is higher than the Market Value of AFTC at $0.0102 which is 51 Times of its current Mere price $0.0002.
Jun 27, 2017, 12:51 ET
DORAL, Fla., June 27, 2017 /PRNewswire/ -- BioNitrogen (OTC PINK: BIONQ) is today confirming that it was unable to reorganize under the protection of the Chapter 11 process given the unproven nature of the technologies and the difficult environment in the global Urea market over the last 2 years. There were no bidders for the business and the company was unable to raise fresh capital despite several promising leads – in large part due to the very depressed nature of global energy and Urea pricing.
With agreement of all major unsecured creditors, the intellectual property of the company was transferred to the one secured creditor, Annon Consulting, Inc., in lieu of its secured claim. This formed part of a broad agreement presented to the Bankruptcy Court in Florida on April 25th 2017 and approved earlier this month – June 7th.
After several further weeks of review, it has been concluded that there are no business opportunities for BioNitrogen given its lack of both assets (Intellectual Property) and cash. BioNitrogen has ceased all other operations, effective immediately. The company has requested that FINRA de-list the stock from the OTC exchange and this request is pending approvals. Chairman and CEO, Graham Copley will step down from his role as soon as the delisting process is complete.
SOURCE BioNitrogen
https://www.prnewswire.com/news-releases/bionitrogen-announces-results-of-chapter-11-process-the-shutdown-of-all-corporate-activity-and-the-resignation-of-chairman-and-ceo-graham-copley-300480545.html
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