GREY:FEBTF - Post by User
Comment by
skyhi0on Jan 03, 2011 1:50pm
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Post# 17918664
RE: RE: Looks like...
RE: RE: Looks like...Actually there
could be a marvelous story if the information provided in the October 28th news release (excerpt attaced) is for real and wasn't just another prelude to the fund raising which we most recently experienced. (by the way this is the usual pre-fund raising pattern over the last 5+ years).
My only concern at this point is that the progress referred to in the release is taking an unusually long time. While I'm sure the food company tests must have been done weeks ago and I'm also sure that large global producers don't make decisions quickly, I do have concerns over the the idea that partnering is only a strategy and we have yet to see any meaningful negotiations. What exactly will Pathfinder tell that we don't know already?
Excerpt
Currently, several international food ingredient companies are in various stages of conducting tests to confirm the effectiveness of Functional Technologies' proprietary AR yeast in baked products. Based on results to date, the company considers the strategy to partner with at least one global producer to accelerate the commercialization of its AR yeast technology would be the most effective way to achieve the corporate objectives of its business model.