BION- currently at .048, I like this pick based on the technicals, I want to see the beginning of a change of trend but am eyeing this closely, it began it's decent in December, while the previous few months were spent majority over .07, which is over my 25% goal of a gain if it can make it back, a bit of buying pressure gets this back there. I am not jumping in yet, but have a close eye on this one.
BION DD
Plenty of tax exempt bonds-
DORAL, FL--(Marketwired - Aug 20, 2013) - BioNitrogen Louisiana Holdings, LLC, a wholly-owned subsidiary of BioNitrogen Corporation (PINKSHEETS: BION), a cleantech company that utilizes exclusive technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today the TEFRA approval by the Louisiana Attorney General to issue up to $1.25 billion in tax-exempt bonds for the acquisition, development and construction of five plants in Pointe Coupee Parish, Louisiana.
In April, BioNitrogen received approval from the Louisiana State Bond Commission to issue the tax-exempt bonds.
"Receiving TEFRA approval is a significant step forward in establishing the financial foundation for the first plant in Point Coupee," said Bryan Kornegay, Jr., President and CFO of BioNitrogen. "The Florida plant currently in the process of being designed will be able to produce 520 tons per day of high-quality urea and we expect that the initial plant in Pointe Coupee will be able to leverage off of the completed designs."
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WEST PALM, FL--(Marketwired - Oct 17, 2013) - BioNitrogen Louisiana Holdings, LLC, a wholly-owned subsidiary of BioNitrogen Holdings Corp (PINKSHEETS: BION), a cleantech company that utilizes exclusive technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that it has been awarded $300 million of allocation to issue tax-exempt bonds for the acquisition, development and construction of the initial plant in Pointe Coupee Parish, Louisiana.
The $300 million allocation represents part of the $1.25 billion bond issue, which BioNitrogen has already received approval on from the Louisiana State Bond Commission.
"This allocation from the State of Louisiana represents an important milestone in our development and moves us one step closer to making our first plant in Louisiana a reality. We are very excited to move forward on the Louisiana plant and leverage the engineering from the initial plant in Florida," said Bryan Kornegay, Jr., President and CFO of BioNitrogen.
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Patents Granted
WEST PALM BEACH, FL--(Marketwired - Sep 19, 2013) - BioNitrogen Corporation (PINKSHEETS: BION), a cleantech company that utilizes exclusive technology to build environmentally-friendly plants that convert agriculture and forestry biomass into urea fertilizer, announced today that the patent for its biomass-to-urea technology has been approved by the U.S. Patent and Trademark Office. The patented technology will be used in BioNitrogen's plants.
"This patent is an important milestone in BioNitrogen's strategy and confirms the uniqueness of our technology and process." said Bryan Kornegay, President and CFO of BioNitrogen. "This patent is a key intellectual property asset and significantly enhances our competitive position in the marketplace."
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Excellent management team
Carlos A. Contreras, M.B.A., B.S.
Chief Executive Officer
Bryan B. Kornegay
President and
Chief Financial Officer
Ernesto “Ernie” Iznaga
Vice President, Operations
Brian Samuels
Hardee County Facility Manager
Fredy Pedroza
Biomass & Logistics Manager
Check these guys out at bionitrogen.com they look to be some of the best at what they do.
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Plants being built in strategic locations on waterways for transport.
DORAL, FL--(Marketwired - Jun 24, 2013) - BioNitrogen Corporation (PINKSHEETS: BION), a cleantech company that utilizes exclusive technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that it has selected CCC Group, Inc. ("CCC") to build its first plant in Hardee County, Florida.
"The BioNitrogen team has worked diligently over the last few months in its selection process of construction firms with the right experience and scale to build the Hardee County plant and to grow with us in Louisiana and elsewhere. CCC was the best match and fit for us in a very tough competition," said Ernie Iznaga, Operations Manager of BioNitrogen.
"We are pleased to announce our selection of CCC as our construction partner. CCC has the experience and a proven track record that will be instrumental in the construction of our first plant in Hardee County," said Bryan Kornegay, President and CFO of BioNitrogen. "We look forward to breaking ground in the coming months and moving a major step closer to providing green domestic urea fertilizer made from U.S. biomass to North American farmers."
"We are happy to have been selected as the construction firm for the BioNitrogen plants and look forward to initiating construction in Hardee County. With our Florida offices approximately 35 miles north of the Hardee County plant site, we are well positioned to work in the area and are familiar with the market," said Dennis Huebner, President / Chief Executive Officer of CCC Group, Inc.
Ground breaking and construction is expected to commence in the third quarter along with placement of purchase orders for long-lead plant equipment.
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When plants are built this could be a dollar stock, granted that will be a while from now, but it seems like a good startup company instead of the flimsy sub penny stocks people usually trade on ihub.
Waiting for a sign of uptrend then probably jumping in, will let the board know when that is.
