GREY:BIXZF - Post by User
Post by
brnt999on Sep 23, 2009 8:16pm
206 Views
Post# 16333317
Reaction
ReactionAfter digesting the news release all I can say is I feel more at ease with my investment. Since their Q2 results their was some uncertainty about the future that I felt and I think the market did also. GRAS is still on track. The protein market as reported by Helm is solid. The loan will help them get through until protein isolates begin production. Their basic crushing operation is improving and quarter by quarter losses should be decreasing. I am sure there was a vetting process by the Government before they awarded the loan and their auditors deemed Bioexx a company with solid prospects. Part of my unease was my feeling that the company was pushing the envelope of what could be accomplished in a short time frame and now the pressure is off.