Not even Flexy…posts anymoreI have not posted for some time in view of the lack of interest. There are a number of misconceptions about this company. The belief that the founders are selling stock is simply not factual. The belief that the shares are being over-diluted is childish. Actually, the issued shares are somewhat less than 28 million. A company with a global reach has to have at least 200 million shares outstanding to attract medium-sized mutual funds.
I have no doubt whatsoever that the claims made by the company in respect to their technology are if anything grossly understated. Most people like me who have followed this company for some time, are convinced that their technology will eventually be accepted everywhere.
The head-to-head trials between the IBR fertilizer and the chemical fertilizers continue to come in with a 20 to 30 per cent yield-advantage for IBR. In addition, superiority in terms of grade is observed in many basic crops, such as potatoes, for instance. Now, we are not talking about dozens of trials; we are talking literally of hundreds of trials. If that were not enough, as of six months ago, over 30 per cent of the fertilizer producers in the US had gone out of business because the high price of natural gas made profitability out of reach.
The Chinese plant appears to be attracting a significant increasing interest in the IBR technology. It is hard for me not to believe that a breakthrough is on the horizon.