Replies to post #14558 on BioNitrogen Holdings Corp. (BIONQ)

[Jrichey]

So for those of you who don't want to read the 65 pages of legal documents, here is the summary:

- After 12 months of Mr. Copley marketing the idea to 100+ potential investors, about 10 people signed a non-disclosure agreement to discuss further. Of those 10, no one agreed to invest.

- 4A Tech (Bionitrogen) owes Annon about $1.7M, but is selling the patent for $1.4M with the agreement that Bion will be completely free from debts and removed from Chapter 11.

- All patents, pending and issued, will be sold to Annon.

- ALSO, all trademarks of Bionitrogen will be sold to Annon. (So maybe Bionitrogen will live on in another form?)

- This sale and transfer of assets will occur on 4/25/17 at 2pm.

To summarize even further, Graham Copley, on behalf of Bion, is selling the patent and all assets (which is basically just the patent) to Annon Consulting. No details about how our shares will be affected, but I can't imagine it is good.