The Judicial Administrator also informs that, pending the completion of all necessary and in-depth analyzes, any type of payment will be suspended and therefore, by way of example, payments due to Employees, Suppliers and Credit Institutions. The Judicial Administrator Prof. Dr. Luca Mandrioli.
In brief
- Bio-on is an Italian Bioplastics company (PHA) listed on the Borsa Italia.
- A report was published by Quintessential Capital Management claiming that Bio-on was a house of cards.
- The Stock value of Bio-on collapsed. It lost 80 % in one day
- The Italian justice intervened and Bio-on CE0 was put under house arrest.
Read Following articles for more info.
- Bio-on President Has Been Placed Under House Arrest
- Bio-On Reassures The Market
- Best Bioplastic Company of 2019
Last but not least
Every man and woman are innocent until proven otherwise.
We gave The Best Bioplastics Company 2019 to Bio-on, 50 days before their CEO was arrested.
You know what they say
… You’re riding high in April, Shot down in May … (F. Sinatra)
REFS
Who is Bio-on?