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.
- 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)