BioNitrogen Holdings Corp. (BIONQ)

[LongRun8]

Initially, when I saw the most recent PR about the biomass, I was a little skeptical, too, b/c it sounded so familiar to past PRs. When I went back through my saved files about the PRs, however, I became a little less doubtful and apprehensive.

The first PR about biomass was with CF industries, who works very close to the proposed first Florida plant for BioNitrogen. CF does a lot of land clearing and BION used the biomass that was a byproduct. The PR for that is linked below if people want to review:
www.bionitrogen.com/2013/02/27/bionitrogen-corporation-signs-exclusive-agreement-with-cf-industries-for-biomass-supply/

The next PR below is proof that BION started collecting the actual biomass as agreed upon in the above PR.
www.bionitrogen.com/2013/04/10/bionitrogen-corporation-begins-collection-of-woody-biomass-for-hardee-county-plant/

Some posters on this message board might remember my description of my vaca down in FL where I took the opportunity to drive and meet a BioNitrogen employee and visit the proposed site, where I happened to see some biomass being delivered. That post is linked below:
investorshub.advfn.com/boards/read_msg.aspx?message_id=87132788

with pictures here:
investorshub.advfn.com/boards/read_msg.aspx?message_id=87175385

The next PR about an agreement re biomass
www.bionitrogen.com/2013/04/04/bionitrogen-corporation-signs-agreement-with-bioresource-management-inc-for-management-logistics-of-biomass-feedstock/
is the one that sounded really familiar to me when the most recent PR just came out linked below:
www.bionitrogen.com/2014/01/09/bionitrogen-commissions-biomass-feasibility-studies-in-florida-and-louisiana/

The PRs are very similar but the difference b/w the two is the truly important piece of information. If I'm reading it correctly, the most recent PR says that BION has actually funded/commissioned/paid BioResource Management for the work; whereas, the original PR about BioResource Management just stated that the two companies had agreed to work together.

So that made me realize it wasn't just a repeat PR. One thing I am frustrated about, though, is that the feasibility study hasn't been completed yet since the agreement b/w the two companies first happened nine months ago. I am guessing the study wasn't going to commence until payment was made by BION. Frustrating that it could have already been done by now, but now we need to wait until sometime in February. Hopefully that won't see multiple delays.

We need some bonds to be sold!!