GREY:ARGEF - Post by User
Post by
Inohnuttinon Mar 03, 2016 4:09pm
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Post# 24619304
Have a look at Argex's April 9, 2015 press release
Have a look at Argex's April 9, 2015 press releaseThis is the first paragraph copied and pasted from the press release dated April 9, 2015:
- PROCESS SCRUTINIZED AND AWARDED WITH INTERNATIONAL RECOGNITION
- TARGETED REVENUES OF US$145 MILLION TO US$155 MILLION & TARGETED EBITDA MARGINS OF 45% TO 52% FROM FIRST COMMERCIAL PRODUCTION PLANT
- Read more at https://www.stockhouse.com/news/press-releases/2015/04/09/argex-reports-on-2014-provides-operational-outlook-for-upcoming-first-plant#yxypCSyUZaC28yr2.99
In other press releases, they claim to need close about $250MM to build their first plant.
If my neighbor knocked on my door and asked me to borrow $50,000 to build something that would make $25,000 per year and showed me exactly how the process worked and I saw it working with my own eyes, I'd lend him the money. Sounds like a solid guaranteed income, sounds like he'll pay me back in no time. So my question is, with all of the information from Argex's press releases, painting a similar picture as the one I just laid out, how can they not get financing for such a great profitable proprietary technology? It know it's obviously not as simple as I portrayed, but as far as a chemical business goes, that's what it sounded like to me before I invested in it. Thoughts?
inohnuttin