Bio-Extraction BioExx 1.0 BioExx 2.0 BXI was on the Venture TSX as Bio-Extraction that built up its mettle as the first company to extract Canola Protein using a novel low temp non toxic solvent HFC that was compelling against the hexane use of the Soy producers. The market bought in to the continous counter flow process that would be a cash cow and 50 million was taken from investors for this solvent proces panacea -- that is why it hit near 3 bucks
When the solvent process was an abject failure and the company was effectively done and toast the new CEO whipped out a back to nature process using only WATER. This is a hoax and a sleight of hand to keep the company afloat and squeeze 2 more million fron a loan to own vulture Romspen who will end up as debtor in possession
It is very difficult to extract Canola Protein which is insoluble and requires a solvent but with water you can squeeze out a few zip lock bags of free samples but noy on a commercial scale
The GEA report is theory based Not on water but the failed process so it is inconsequential to the producers who are not interested. These so called talks is CS talking to himself just like at the conference call. Maybe next time he can arrange to have his kids or friends pose some questions like "is this a real company"
13 or 14 pennies tells you what the market thinks of the GEEwhiz report paid for by Bioex to say what it wants
KPMG saw all this and there is more write downs but their voice was silenced by " you are fired"
Sino-Forest also fooled many sophisticated investors because greed clouds the reality
the losing positions hurt so people kid themselves and rationalize and trick their own common sense