BioExx Specialty Proteins Ltd BIXZF

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Trying to

[crocks31]

The odds of this deal happening are significantly more than 5% cliff. CS has given us no updates since November then comes out saying he is in advanced stages of a JV.  Why would he say that if it's not true?  Like 1320 said, he inherited a broken company and through the GEA report has brought back enough credibility to have a shot at findng a corporate partner.  The preiminary enginering has been completed so they know the technology will work together.  The issue is the percentages and CS will take whatever he needs to in order to get this deal done.  This is the test case so once the facility is up and running interest will increase significantly and they can negotiate a better deal on facility number once they have proven themelves.

I think the deal wll get done; it's just a matter of how much will CS have to give up to get over the line.  Having said that the percentage splits would have been discussed already.  CS would already know what they look like.  You don't come this far then have that discussion.  It would have been unofficially discussed in January. 'So if we do go ahead with this what are your expectations on profit sharig etc etc'

 

Expect an announement within 2-3 weeks and then hang out with 1320 on that island until the facility is built in a couple of years.