Replies to post #13045 on BioNitrogen Holdings Corp. (BIONQ)

[TFletcher]

We may never know ALL the problems caused by BK's actions/in-actions.
I imagine that the funding for the EPC has been held up due to the present internal investigation.
When the investigation is completed and BION's financial condition is clear and documented... there should be funding available to get the EPC.
This will satisfy the contingencies to proceed with the bond sale.
Again, Stifel has plenty of motivation to help get the EPC done and proceed with the bond sale.

[traderwebb]

May not be any part of the delay in truth... but, did you read he part in the report about one delay (I'll see if I can find it):

In late October 2014, Haldor Topsoe informed the Company, Saipem, Andritz Carbona and Amec that Haldor Topsoe would not be able to provide a process guarantee for a critically important piece of equipment that was suggested, designed and built by Haldor Topsoe. As this new revelation was considered an unacceptable situation, BioNitrogen was forced to evaluate alternative suppliers and has been working closely with other technology providers and believes that a resolution has been reached after several months of careful engineering investigation and analysis. As a result, the Company is currently negotiating a new agreement for completion of the FEL3 engineering work associated with the SynGas Cleanup and Conditioning Plant, a 300 STPD Ammonia Plant and a 520 STPD Urea plant. Once the FEL3 engineering work is completed, the Company will have a Firm Fixed Price estimate required for an EPC contract and required for financing. In April 2015, Haldor Topsoe presented the Company with an alternative technology that they would be able to guarantee and is currently being considered as an option.

So, my point is, perhaps the hold up is "not" just lack of funding. I think the above would be a valid reason, and that was only in April 2015.

GO BION!!