BioExx Specialty Proteins Ltd BIXZF

RE: RE: Bashed on Market Call Tonight

[dant2]

Donville is pretty sharp but it's not worth watching. He has been negative on BXI for a long time. His main issues are valuation & dilution. I agree but there is no other way to raise the large amounts of capital required to get such an ambitious undertaking through proof of concept to continuous production.
If Saskatoon and Minot plants are realized he may be willing to buy in at higher prices. If not the shoe will be on the other foot for current investors. I'm betting BXI will succeed with its near term targets (continuous production and plant certification), and with that execution risk will decrease and BXI price targets will be adjusted accordingly. 
At this stage it is still a bet and valuation/dilution is probably not much different than RIM was back in the early days?
I didn't buy RIM because I thought it was just too rich and I expected to get the IPO stock at close to book at the time ($2 - $4ps). Not for the faint of heart and hopefully BXI will follow a similar track.
GLTA,
Dan