Still a long way Bioexx left out an important piece of data in their last report, “Percentage of protein extracted”.
I do believe that the percentage of protein extracted, the amount of seed processed and the protein purity are the metrics for witch BIOEXX will live or die.
Nobody and I mean NOBODY will partner with a company that uses a process to produce something that generates less revenue that it cost to produce it, no matter scalability or else.
BIOEXX is sending out sample trying to line up customer in anticipation that those metrics improve,
They were doing the same while running the solvent process. I agree the GEA study could be a PR
move, (Is the result of this study made public by GEA or is it going to be filtered down by BIOEX
before reaching the shareholder? I see some conflict of interest here).
To be successful the PROCESS has to extract close to 100 % of protein content (that will determine
how many pound of seed is needed to produce a pound of protein),
It should be short in order to process as much seed as possible (in order to add less production cost to the final product), and it should deliver purity at or above 90% where it will command a higher premium.
There is something that bother me, something I can’t get a grasp of, I don’t think the
enzyme process got in their thought all of a sudden, I believe from the start they where evaluating
booth processes, solvent and enzyme extraction. Enzyme extraction is nothing new, is been used
for decades to extract oil, ethanol, essences....etc. Why did they choose solvent extraction over
enzyme extraction? What made solvent extraction superior to enzyme extraction? Does enzyme
extraction have limitation and how much? Is the last data the best this process can do?
I decided to ignore BIOEXX public statement, a new partnership with a large multinational company
willing to inject big money into BIOEXX will make me look BIOEXX way again because I know
that an independent due diligence was done.