BioNitrogen Holdings Corp. (BIONQ)

[LongRun8]

I am new to investing, but I heard about BION during a promotion (not sure if that's good or bad for a company). I invested and have watched my investment dwindle, but I have lowered my average share cost by investing at a handful of other points as the stock fell. I still can't help but feel that this company is going to take off at some point. I am going to continue to invest and hope the company becomes huge or gets bought out. Their technology seems like it could become the new gold standard in nitrogen fertilizer production. In today's society of everyone trying to go "greener" and also reduce our reliance on fuel, BION seems like a real market contender, in my opinion.

What are everyone's opinions about this company trading on pink sheets? Does that make them not legit? Are they REALLY planning on going to OTC-QB like I read somewhere? Also, b/c they were part of a penny stock promo, does that make people nervous that this company is a shell or some devious company? Is there anyway to find out for sure if this company really filed plans in Lubbock, Texas to build its inaugural plant...or is the company making that up? I am not sure what is within SEC rules or pink sheet rules when it comes to stuff like that.

Thanks for the patience as I'm a new investor and got sucked into BION right away. I hope it was for a good thing, as I'm in this for the long haul!