I was sincere, but like I mentioned...I'm totally a newbie and was taken in initially on the "pump" as it is called. I bought after it's peak but the shares still dropped precipitously after I bought. Thanks for leading me to the post, which linked to a lot of other helpful posts as well. Defnitely some weird shenanigans going on there for sure. Strong investigative work by you and others. I wonder, though, if that crap doesn't happen for a lot of other companies, where executives get a huge amount of shares at ridiculously low costs and then they sell them off when share price goes up.
Regarding the cost of the plants only being $65 million to build vs. the other traditional plants costing so much more, based on BION's website, it would appear to be due to the fact that the facilities are smaller and modular. Plus, they aren't using fossil fuel for the feedstock but rather biomass, so the buildings probably can't be compared as apples to apples when it comes to construction costs.
Either way, if BION is truly legit and they plan on building plants and making products with patent-pending technology that seems to be green, cutting edge, and reproducible at lower costs than the current gold standard, it still makes me think this is a good investment. I could easily be wrong. And like you said, penny stocks are probably not the best for long-term investments...but don't some companies with really good ideas have to start as penny stocks and work their way up? I'm still hoping this company will be one of those. And I hope they move to the OTC-QB and have to report more to the SEC so we can see their financials.
Thank you for your help, flaflyersfan. Much appreciated. This will have to be my last post today as I reached my limit of three until they clear me for 15.
