Replies to post #13801 on BioNitrogen Holdings Corp. (BIONQ)

[TFletcher]

Hold your horses, roni911, it's too soon to give up all hope.
As I have stated, you might be right and things might turn out just as you predict.
However, it is now in the hands of a bankruptcy court and the purpose of Chapter 11 is to STAY all judgments and provide the company with breathing room to reorganize the debts.
Yes, if a path forward can't be reached it will end up as you say.
But, many companies have successfully utilized Chapter 11 to save the company.
As you said in an earlier post... "time will tell."

[swikey]

For the life of me I can not figure out why a company with this kind of potential which owes a million dollars and has the grants and the potential to build plants in the billions over the next few years would let it slip through their fingers. IT JUST DOESN'T MAKE SENSE!!! And now with the other board members of a higher quality and all this time involved in trying to get their financials in line. The only thing I am thinking is there has to be a reason to get these other board members involved.. This might be a pipe dream but maybe us shareholders should find a way to pay the Annon case and not lose our investment from a BION board completely. There is +300 investors or there was, so $5000 from each of us and we now own the IP and possibly save our stock and investment and then OUR COMPANY can move to the next level. What do you guys think? Is this idea worth the venture? Mr. Fletcher, has this ever been done? I got $10,000.