Replies to post #13366 on BioNitrogen Holdings Corp. (BIONQ)

[codaras]

Actually shares only increased 2 million from last quarter. Was 434 now 436. Cash on hand only decreased 100k to 1.2 million. Land in Taylor explained. They purchased it for 1.35 million but deeded it back to Perry City as collateral til loan is paid.
First plant to produce 70 to 80% urea the rest will be DEF. approx. 69,ooo gallons a day. Actively working on offtake agreement with a couple petroleum distributors for the DEF. DEF is also higher revenue. Looks like they are controlling costs better. It is obvious the money leech is gone. Impressed to see they filed two days early. That is a first for them.