Replies to post #9486 on BioNitrogen Holdings Corp. (BIONQ)

[integral]

OTCQB is not an exchange. NYSE and NASDAQ are the only "Stock Exchanges" that "list" shares for trading. They are "SROs". The OTC BB and the OTCMarkets.com are software platforms for market makers to quote and execute trades.

Too many people pump some idea that they are exchanges. They are not self regulated, they are not exchanges, and they do not list shares.

If you do not know that by now, you need to go take a tour of the NYSE in the gallery and ask some tour guide who knows more about listing of shares on actual exchanges that stock promoters who scheme and scam money from unsuspecting investors.

[traderwebb]

I'm hanging on to mine, if you look at some of these websites that are geared towards agriculture, you'll see various articles written by other sources. Too much out there that appears valid to be a scam... I'm in it for long-term though, not to just dump it when it's pumped up.

Re: the otc qb uplisting, a lot of companies do that, it is the middle tier... this website explains the differences and why businesses do that:

http://www.otcmarkets.com/companies-advisors/overview

Regarding an earlier post, they don't even show a billion shares on their filings that I could see. Not sure why everyone is so pessimistic about this, unless, I'm truly missing something. I've looked at some of the filings. It appears though that an ambitious person has landed into this new technology and is running with it, since there were other companies prior to this.



Here is one:

Find this article at:
http://www.agprofessional.com/newsletters/dealer-update/articles/BioNitrogen-secures-property-for-urea-plant-139978723.html


BioNitrogen secures property for urea plant
BioNitrogen | February 22, 2012
BioNitrogen Corp., a developer of revolutionary patent-pending technology for converting renewable and abundant biomass waste into high-nitrogen urea and urea fertilizer, announced it has secured a 49-acre parcel of land to construct the company's inaugural plant in Lubbock, Texas.

BioNitrogen expects to complete the land purchase after concluding an Environmental Site Assessment (ESA). The company has already engaged X8 Engineering whom anticipates completion of the ESA no later than March 12, 2012.

BioNitrogen expects to begin construction of the plant after evaluating, obtaining and finalizing its financing and engineering options for the construction and commissioning, which it expects to complete in the coming weeks. The company anticipates that the total cost to construct the plant will be approximately $65 million.

The company's innovative, patent-pending technologies transform residual agricultural waste and other biomass materials into high-quality bulk urea (a white, crystalline solid containing 46 percent nitrogen), which are principally used in the agricultural industry as a crop fertilizer, and sold to both agricultural wholesalers and retailers.

The modular plant has a design capacity capable of manufacturing up to 15 tons of urea fertilizer per hour for a total annual production of up to approximately 124,200 tons per plant, which anticipates 20 days for equipment maintenance and upkeep.

The company estimates that the annual economic potential associated with the proposed Lubbock Plant could be as much as $77,128,000(1).

Additionally, the 49 acre land parcel at the proposed plant would allow the company to increase the size of the production facilities, which in turn is projected to double the proposed output capacity. The additional capacity would be used to produce Urea Ammonium Nitrate (UAN) as well as granular urea.

As previously announced on Feb. 2, 2012, the company entered into a Letter of Intent with United Suppliers for the purchase of up to 300,000 tons annually of urea in granular or prilled grade form. The binding agreement, currently under final negotiation between the two parties, will be for an initial term of three (3) years. BioNitrogen projects that the economic potential benefit could be as much as $558,900,000 USD (2).

Lubbock, Texas, was selected as the location for the first production facility because the site is close to the company's engineering and construction office also located in Lubbock. As a result of this proximity the company intends to utilize the proposed plant as BioNitrogen's primary research and development facility to develop and refine technological enhancements to the company's products and processes. The vision for the Lubbock site is consistent with the company's commitment to continually improve and enhance plant operations and production efficiencies.

"Given the inextricable link between food consumption, production and fertilizer demand and supply balances for the next 40 years, the importance of our inaugural plant in the USA cannot be overstated for both our national and international future customers and shareholders. Over the past month since our announcement to commercialize the company, we have received almost daily inquires of interest from around the world wanting to examine strategic partnerships and associated investment opportunities relating to our patent-pending nitrogen-based urea and fertilizer production facilities," Terry Collins, Ph.D., president and CEO of BioNitrogen, stated.








Find this article at:
http://www.agprofessional.com/newsletters/dealer-update/articles/BioNitrogen-secures-property-for-urea-plant-139978723.html

[johnsou]

Did you lose much on this scam stock? I will lose 5k on 2 other scam penny stocks myself when I sell. No more of these for me either. I'm going to research the whole scam and figure out a whole list of who these scammers are. Most of them move from one scam to another. And get to do it legally while raking in millions. Glad the government endorses this type of activity.