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EcoSynthetix Inc ECSNF


Primary Symbol: T.ECO

EcoSynthetix Inc. is a Canada-based renewable chemicals company that specializes in biomaterials used in a variety of end products. The Company offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. It is engaged in the development and commercialization of environmentally friendly, bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific. It operates in one segment: the biopolymer nanosphere technology platform. The Company's products include EcoSphere biopolymers, EcoMer biomonomers, EcoStix bio-based pressure-sensitive adhesives, and DuraBind bioresins. The DuraBind and EcoSphere, are used to manufacture wood composites, paper, and packaging. Its serves to the markets, such as paper and paperboard, building materials, and other markets.


TSX:ECO - Post by User

Post by drunk@noonon Nov 22, 2021 7:39pm
460 Views
Post# 34155013

Unless Ikea contract is going to bring 50 mill a year of

Unless Ikea contract is going to bring 50 mill a year of cashfloq through the door, stop your yapping. 
Market cap over 300 million. You rev run rate is 16 million and the company isn't profitable. So some 20 million a year contract that brings 6 million to the bottom line, does what? Leaves the company trading at 50 times cashflow.
SO WHAT DOES IKEA BRING THROUGH THE DOOR THAT MOVES THE NEEDLE ON A 300 MILL COMPANY THAT CURRENTLY LOSES MONEY?
CHUMP CHANGE WON'T CUT IT.
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