Stock Watch – Bio Nitrogen Corp (BION)

Bio Nitrogen Corporation (BION) operates as a biotechnology company and offers production of urea for sale as fertilizer. It owns technologies for the conversion of biomass into urea fertilizer. The company distributes its products through wholesale and retail channels to the agricultural sector, as well as to the commercial and industrial sectors. The company was formerly known as BIO-SNG Technologies International Corp and changed its name to Bio Nitrogen Corporation in May 2011. The company was incorporated in 2011 and is based in Doral, Florida.
 BION has had an impressive run from 0.05 to 0.40s which is almost 10x run-up. This also presented an excellent short-selling opportunity. I am currently short this position at 0.30 and plan to hold this few more days, covering in the high 10s.