With the recent string in downward pressure, many that have followed this company including myself have been watching and waiting for BioNeutral Group (OTC:OTCPK:BONU) to find support and get back to business. There've been several positive pieces of press which were released over the course of the past few months regarding new distribution agreements and sales partnerships. Most notably BONU has brought industry heavyweights like Quip, ProSell, and BioTech Medical into the company's fold in order to take full advantage of not only the overall reach of each one of these but also with these companies' leadership experience in the space.
Last week BONU made its latest distribution announcement discussing the company's partnership with Quip Laboratories, which has been a leader in sales distribution of cleaning and disinfection solutions to the life science marketplace since 1981. Quip resides in a 30,000 square foot building that houses Administrative, Research and Development, Quality Control, Production and Shipping, Customer Solutions, and Sales/Marketing. According to the company, this relationship represents a major step forward to expand its distribution of the YGIENE™ and OGIENE™ products to important life science markets. This exclusive partnership leverages Quip's leadership in the biosafety industry as well as BioNeutral's excellence in product innovation and performance.
In my opinion, these last 3 sales & distribution agreements have been crucial in defining the framework on which BioNeutral can establish its sales strategy for 2014. Moreover, I've been paying very close attention to the trading and investment community and sentiment seems positive. In fact I've read posts on a few market message board that so many are hungry for more announcements and more news (me too); I think this is a story that has just started to unfold.
It would appear there's been some dilution as of late but from my experience in this space, this seems somewhat typical with small cap and micro cap companies. The silver lining for me is that even though there's been a pull-back, this is still up 100% since I started following the company back in November of last year. The recent bull trend suggests to me that there may be a rally on the horizon so BONU is still on my sub penny list going into the beginning of February and I'll be looking for more excitement.
Until then Good luck to all.
P.S. If you liked this, I've got more coming on a favorite solar company of mine so keep your eyes peeled for the next blog entry.