RE:RE:RE:RE:RE:RE:Congrats on the swanky new ticker, GROW!Jazzist - my apologies…random board post followed by sell – had to ask!
No, shrimp oil business hasn’t been sold…agree there will need to be a PP at some point…hopefully after we have had enough time to take off/multiple revenue streams.
Mazzan – Yes thanks, agree with your concerns to some degree but would argue:
The PP will be higher than the 19 cent from below providing it doesn’t come out in next weeks. Business model makes no indication of needing additional finances right now so don’t see that happening before trial results and or HC approval.
TORONTO, ON – January 25, 2018 –BlueOcean NutraSciences Inc. (“BlueOcean” or the “Company”) (TSX-V: BOC) BlueOcean NutraSciences announces that BlueOcean and certain members of management have entered into an agreement to settle some of the indebtedness of the Company (the "Shares for Debt Transaction") through conversion of such debt into common shares of the Company (the "Common Shares"). Pursuant to the Shares for Debt Transaction, the Company will issue 12,989,199 Common Shares at a price of $0.19 per Common Share. On completion of the Shares for Debt Transaction, the Company will have 54,121,660 Common Shares issued and outstanding. BlueOcean determined to satisfy the indebtedness with Common Shares in order to preserve its cash for use on planned CO2 grow trials, commercial installations and for working capital.
^^ From Dec 5th PP to Jan 25th to current day… I would say consensus is they have taken some pretty large steps from the standstill at the end of 2017.
Although not tangible... results can be seen through the increased number of GROW trials taking place and planned for 2018… have a feeling they are showing other growers these ‘observable differences’ and getting them to come on board is no longer a challenge… Growcer had to of been shown results….same logic should apply for filling the future PP considering the potential.
Lets hope they set the bar high.
....They have been silent for a while but John sounds pretty confident in yesterday’s interview:
“They are going very well. We are seeing excellent results.
……
Looking at starting with no nutrients, no additional nutrients and then balancing nutrients with the addition of the CO2 foliar spray. We have already got very good measureable results and we are expecting to improve those.”
^^ I really like ‘measureable’ - so yea they haven’t shown the public…yet.
GLTA