BioNovelus Inc
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Company profile

BioNovelus, Inc., formerly Firstin Wireless Technology, Inc., is a biotechnology company. The Company focuses on developing a portfolio of green solutions for various applications. The Company's solutions address challenges, including food and water safety and supply. The Company focuses on selling the BionoPLUS formula to the consumers of fungicide and pesticide products for the control of coffee leaf rust, and coffee bean and cocoa bean conservation under the name CR-10 (for Coffee Rust-10). BionoPLUS is a biocide and fungicide. CR-10 is a biodegradable product, which is a biopesticide for use at recommended dilution. Its formula kills the coffee rust fungus by being sprayed on the contaminated leaf. It also creates a protective barrier that will prevent (re-)infection. The Company focuses on testing its biocide on multiple applications, including coffee leaf rust. It is also conducting other trials for applications in the biocide market.

Closing Price
$0.0926
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
39,802
0

UPDATE: Short seller Hindenburg alleges that electric truck maker Nikola is an 'intricate fraud' in new report

11:09 am ET September 10, 2020 (MarketWatch)
Print

Short seller Hindenburg Research published a report on electric truck maker Nikola Inc. (NKLA) on Thursday, accusing it of being an "intricate fraud" (https://hindenburgresearch.com/nikola/)built on lies told by its Founder and Executive Chairman Trevor Milton over many years. Nikola shares fell 9% on the news. "We have gathered extensive evidence-including recorded phone calls, text messages, private emails and behind-the-scenes photographs-detailing dozens of false statements by Nikola Founder Trevor Milton," said the report. "We have never seen this level of deception at a public company, especially of this size." Nikola has misled partners by making false claims about the company's technology, including its hydrogen fuel cell batteries, which Hindenburg says never existed. The company is now planning to use General Motors Co. battery technology after signing a deal with GM this week, under which it will issue $2 billion of new shares to GM. "Nikola has been vetted by some of the world's most credible companies and investors," a spokeswoman said in emailed comments. "We are on a path to success and will not waver based on a report filled with misleading information attempting to manipulate our stock."

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 10, 2020 11:09 ET (15:09 GMT)

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