GREY:BIXZF - Post by User
Comment by
brnt999on Mar 02, 2011 10:27pm
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Post# 18223095
RE: Really Not Good News
RE: Really Not Good NewsWhat I really don't understand is last summer they put out the following news release:
August 9, 2010 – BioExx Specialty Proteins Ltd. (TSX: BXI) is pleased to announce that it has successfully produced the world’s first commercial-scale canola protein isolate, known as Isolexx™. The product was produced in the second full-scale protein run at the Saskatoon facility and was repeatedly tested in both the BioExx lab and at the independent testing facilities of POS Pilot Plant Corp. Average indicated purity at BioExx was 95.8% and the average at POS was 94.8%, with all other characteristics being similar to or better than the product from the recent initial protein run.
The plant was also able to much more thoroughly recover the product that was produced, resulting in an exceptionally strong yield of protein isolate at over 90% of what has been forecast for long-term continuous operations. This was achieved by ensuring the batch run was operated as close to a continuous process as possible, thus avoiding the precipitate issues experienced in the first run and by controlling the operating parameters of the large spray dryer in an improved manner."
They led everyone to believe that they had the process down--they nailed it--the process worked. Two days later they announced their bought deal financing. It saved the company. The company was running out of cash.
Something smells if you ask me.