GREY:BIXZF - Post by User
Post by
steamfitteron Jul 21, 2009 6:07pm
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Post# 16155068
Do they have enough money
Do they have enough moneyThe question must be answered.
On June 23, 2009, Bio-Extraction Inc. (TSX VENTURE: BXI) ("BioExx" or "the Company") announced its plans to accelerate the production and sale of high-value protein isolates from early 2011 to late 2009, subject to the receipt of sufficient funds from the early exercise of outstanding share purchase warrants which expire January 29, 2010.
How much do they need and will they have to raise more funds. I have searched all of their anouncements and have found no where the cost of expansion. The only things that I have found is that they want various places in the world so to avoid weather and crop problems.
Will they sell more shares on the market, allow a third party interest to join in. I like the stock and I am holding strong. I just want to know what it will cost for expansion, and how the monies will be aquired. Out standing shares could be increased by a huge amount. Has income overcome expenses yet.