In 40 year's in the various markets - U.S. and Canadian - I've seen a LOT of them and they almost NEVER work out for the stockholders. The PPS might hold up for a short while but, unless there's really good news near-term, the price will collapse.
A few years ago, I was at a diagnostics convention in Chicago specifically to see another company, Chembio, and afterwards I happened to pass by the NSPH booth so I was standing there looking at their displays when a man approached me and said he was the CEO. As soon I said my name and that I was a stockholder he immediately said no more and walked very quickly away. I believe the initial IPO was in the teens or 20s when nanotechnology was very hot and the PPS was below $5 at that time so he didn't want any part of me. I never bought a share until 2014 when it was ~.75 and sold when it was ~.50. I love nanotechnology but I've been burned in these puppies before ala MHTX and NNAN.
Today's trading at ".198125"!!!!!!!!!!!!!
I've never seen a PPS carried out to 6 decimal places and for a .20 stock. The MM must be having a good laugh.
From a guy who's been holding this stock for more than 7 years, we should be thankful to get $8 mill and equipment. Now I really question whether anything further should be spent chasing a technology that Carpenter walked away from after fooling with it for 5 years. But, now millions of the payoff will be spent in the cancer diagnostic technology which is a black hole, IMO, as that tech has been worked on for years and we're still a long way, if ever, from having something out the door and salable. Whatever, it's only time and money. :-)
Everything you guys write is true - can't deny that BION is hanging on by a thread and when you're at the mercy of multiple political bodies it's really looking bad. Add to that, when and if they get past the political hurdles, they then face the fact that additional Kreider-type sites will take several years to build and get up to full operational speed. Daunting, to say the least. I cling to the hope that BION's technology will be/is seen as the way to go and that they strike one or more deals with much bigger companies in this sort of business and that moves BION's PPS. I'm in another stock that was "before its time" and they're in bankruptcy right now trying to get reorganized. I'd say 2015 has to be BION's year to shine or die.
Yesterday's PR re BION going after another "certification" makes me wonder why this application wasn't addressed in 2014? The only reason I can think of isn't positive.