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Bullboard - Stock Discussion Forum BioExx Specialty Proteins Ltd BIXZF

Healthcare Biotechnology
"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... see more

GREY:BIXZF - Post Discussion

BioExx Specialty Proteins Ltd > More waste of shareholders money -a double hit
View:
Post by gadfly222 on Nov 15, 2012 11:06am

More waste of shareholders money -a double hit

From the MD& A: As a result of additional scale-up engineering in 2012, the Company identified certain additional production assets which it determined would no longer be required in the context of the planned production environment. As a result, inclusive of asset purchase prices, engineering fees, and installation fees, and net of proceeds of sale, the Company recognized an impairment expense in Q3 2012 of $1,236,230.

 

What are these guys being paid for?

Comment by DrAudit on Nov 15, 2012 11:11am
IMHO they are being paid for about another 10 weeks.>
BioExx Specialty Proteins Ltd
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