RE: TSX BEAR, Cliff, GADFLY better watch what you Saskatoonboy...please do - I would like a formal and public review of BioExx's statements and the reality to their operations... how would you read these two BioExx wrtitings? - one is a June 2009 NR another is an article written by Chris Schnarr in Sept 2009... thanks for the warning ... please send this to CS also with your other emails to BioExx...
First one: the 'key words' are emphasized in blue... investment went significantly up after this NR...
BioExx Announces Plan to Advance Protein Isolate Production to 2009
Tuesday, 23 June 2009 15:30
Highlights
• Isolate production can be accelerated to late 2009 from early 2011
• Isolates to be incorporated into single system capable of full range of proteins
• Earlier implementation of Isolates would enhance margins and reduce operating risk
• GRAS, HACCP, GMP Plus, and ISO 22000 all expected by year-end
TORONTO, – JUNE 23, 2009 – Bio-Extraction Inc. (TSX-V: BXI) (“BioExx” or “the Company”) is pleased to announce that it has developed a plan to commence production and sales of its high-value Protein Isolate and Hydrolyzed Protein products (together “Protein Isolates”) before the end of 2009. Originally, BioExx had planned to reach this very significant milestone in early 2011. The advanced schedule, which does require additional equipment, flows from the enhancements to the design of its extraction process as announced on April 22, combined with continued progress with regulatory certifications and strong market demand.
The planned system builds upon the existing design utilizing provisional patent applications in the United States (and subsequent PCT applications) for both its Protein and Extraction processes, and will now allow for the production of all grades of proteins from one integrated process. The key additional equipment in the new BioExx protein system is well proven in a broad range of food processing applications, including the production of whey, soy, and pea proteins.
The original plan to commence Isolate production in early 2011 involved a significant additional expenditure to build what was essentially a separate process added to the initial lower-value Protein Concentrate plant. The accelerated Isolate producing process will require that additional planned capital expenditures be made earlier, but will avoid the redundancy of some equipment that would have occurred by installing the systems in separate phases. To fund the accelerated process, the Company intends to access a combination of proceeds from the exercise of outstanding share purchase warrants which expire in January 2010, and other non-dilutive sources of capital that may be available. To achieve the goal of producing Isolates by the end of 2009, BioExx will seek the cooperation of warrant holders to exercise their warrants on a steady basis between now and expiry.If the warrants are exercised at a slower pace than desired, the accelerated start-up date could shift commensurately to as late as June 2010.
“Despite the many prior accomplishments by BioExx, we believe this is the most significant milestone achieved to date,” said BioExx CEO Chris Carl. “The production and sale of high-value proteins has always been our end goal and the key driver of shareholder value in this business.To be able to reach the Isolate production goal much earlier than planned, and in a manner which can deliver enhanced upside while at the same time mitigating risk, is an accomplishment of which we are very proud.” -
Not a milestone we hope to achieve, or an accomplishment we hope to achieve ... both stated in a way that it had been achieved; 'is the most significant milestone achieved to date" and "is an accomplishment" ... you can read this anyway you want but it is what it is based on the 'tense' of the words / verbs...
AND - To quote Chris Schnarr (his Sept. 2009 article):
“BioExx began its journey starting at an extremely small-scale laboratory testing facility and progressed through an intermediate size batch processing plant to arrive at its first full scale continuous counter flow plant in Saskatoon. The plant is now operating on a 24/7 basis and, at full capacity, will see throughput of 40,000 metric tonnes per year.https://www.bioscienceworld.ca/ExtractingValue
“The .... article is from our September 2009 edition of Biotechnology Focus. If I can be of further assistance please don’t hesitate to send me a note or give me a call.”
Regards,
Sandra Service| Operations Manager| Promotive Communications Inc.
4 Vata Court, Suite 24 ? Aurora, ON L4G 4B6
PH: (905) 727-3875 Ext. 228 ? Fax: (905) 727-4428
Please call Sandra at her above number to validate this CS's article if you need verification
just remember you brought this 'warning' up.......