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BioExx Specialty Proteins Ltd BIXZF

"Bioexx Specialty Proteins Inc is engaged in the development and commercialization of processing technologies, for use in the extracting various active ingredients from organic and inorganic materials. The company's primary focus is on the production of proteins from canola and other oilseed feedstocks. Its products include Isolexx, a protein isolate for use in bakery products, meat products, vegetarian food products and meat analogues, and nutritional and protein bars, drinks, and supplements;


GREY:BIXZF - Post by User

Post by buba1on Sep 06, 2012 3:49pm
446 Views
Post# 20327121

phone call not answered_ Bad news

phone call not answered_ Bad news

For those still hanging in ,or simply exibiting morbid curiosity= not answering the phone iatthe office is not a good sign.with the burn rate of 600k+ month they are very close to line and will need a deal very soon,a LOI subject to DD should have been announced by now.

anchoring on a loosing position is a death move ,see gartman 22 rules for trading,I know more than a few PM's got hammered on this one,they will be glad to see this disapear one way or another.

I must admit I had held on a bit to long,but was fortunate to buy a bunch atthe height of tax loss selling season and sell a few weeks later at a profit mitigating what would have been a big loss.

hope it works ,but suspect its ready for ccaa.

 

 

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