RE: RE: RE: RE: BURCON ENTERS INTO LETTER OF INTEN From what I hear the Peazazz partner is not ADM (heard it's a European company, but didn't hear who).
If that's true, then that will put a cork in some of the conspiracy theories (which may or may not have had some truth to them) of ADM trying to get BU on the cheap.
I'm with Billy & Alwaysbullish; Pandora I think this is a good diversification move for BU, and will give them more negotiating room if/when ADM decides to buy them and/or the Clarisoy IP.
But I share alot of Pandora's feelings too - when do we start seeing signs of royalties out of ADM? Talk of raising more equity in this Financial Year was not what I expected - expected to start seeing revenues, not more dilution. When does this thing become a dividend payer instead of stock diluter?
Oh well, glass half empty-half full at this point I guess. Hopefully will be getting fuller as the year progresses.