BXI in Regression Not Progression Notice how the description of BioEXx has changed over the last two years
About BioExx Specialty Proteins Ltd.
2010
BioExx Specialty Proteins Ltd. ("BioExx" or the “Company”) (TSX: BXI), the first company to commercialize a new and complete food-grade protein from a major global crop in 50 years. Headquartered in Toronto, Canada, BioExx is focused on the separation of oil and high-value proteins from oilseeds for global food, beverage, nutrition, and other markets. BioExx employs trade secret, patented and patent-pending technologies to enable the improved separation of proteins from oilseeds. BioExx believes that these processes cumulatively have the potential to make a valuable contribution to global food and protein supply while maintaining an environmentally sustainable footprint. BioExx operates a commercial scale facility in Saskatoon, Saskatchewan, is in development stages on it second plant in Minot, North Dakota and has a mission to construct additional and larger processing facilities on a global basis.
2011 – no more Minot
BioExx Specialty Proteins Ltd. ("BioExx" or the “Company”) (TSX: BXI), the first company to commercialize a new and complete food-grade protein from a major global crop in 50 years. Headquartered in Toronto, Canada, BioExx is focused on the separation of oil and high-value proteins from oilseeds for global food, beverage, nutrition, and other markets. BioExx employs trade secret, patented and patent-pending technologies to enable the improved separation of proteins from oilseeds. BioExx believes that these processes cumulatively have the potential to make a valuable contribution to global food and protein supply while maintaining an environmentally sustainable footprint.
2012- no more 50 years
BioExx Specialty Proteins Ltd. ("BioExx" or the “Company”) (TSX: BXI). Headquartered in Toronto, Canada, BioExx is focused on the separation of oil and high-value proteins from oilseeds for global food, beverage, nutrition, and other markets. BioExx employs trade secret, patented and patent-pending technologies to enable the improved separation of proteins from oilseeds. BioExx believes that these processes cumulatively have the potential to make a valuable contribution to global food and protein supply while maintaining an environmentally sustainable footprint.
This is the year to year Progress under the current CEO leadership paid $ 250,000 per year
https://www.bioexx.com/article/bioexx-receives-final-scale-engineering-report
Confirms preliminary results and delivers increasing certainty
Strategic partner process advancing
Toronto, August 1, 2012 - BioExx Specialty Proteins Ltd. ("BioExx" or the “Company”) (TSX: BXI), the first company to commercialize a new and complete food-grade protein from a major global crop in 50 years, today announced that it has received the final scale-up engineering report from GEA Process Engineering Inc. for the Company’s Saskatoon canola protein facility.
The report, which details the complete protein system and equipment requirements to operate at full scale, as well as layouts and project schedules, is based on months of rigorous pilot testing of key unit operations throughout the plant. Capital cost estimates have not changed materially from the preliminary report, and the range has been tightened to provide greater certainty. This intensive study was completed in three phases, inclusive of production capacity for the Company’s Isolexx® and Vitalexx® products, and further reinforces the technical and economic feasibility of the Saskatoon plant. The report provides the framework for a turnkey scale-up project, to provide a highly automated, robustly engineered, continuous production environment with guaranteed performance metrics based on the piloting and testing completed.
The Company is also pleased to note that it continues to make progress on its strategic partnering initiative, and is presently in confidential discussions at various stages with four large multi-national corporations with strong footprints in nutrition and food ingredients businesses. Presently, discussions are oriented towards a direct investment in the Saskatoon plant scale-up and/or additional “greenfield” facilities, to create joint venture structures at the project level. Together with the potential judicious use of debt financing on such projects, the goal is to minimize dilution to shareholders of the public parent Company.
Points to consider
- What happened to the “50 years boast” ?
- What happened to the four large corporations ?
- What happened to the 65 million direct investment in the Saskatoon plant ?
- In November 2012 they raised 3 million with a debenture convertible with 30 million more 10 cent shares and 15 million 15 cent warrants or 45 million more shares coming down the pipe IF the company is ever in the money over 15 cents
- The August 2012 sp was 18 cents and now May 2013 sp is 7 cents
Now there is plan to thwart any director change and next week you will see more losses and cash flow dwindle down with the looming debt obligations
Good Work Mr. CEO (by default after an intensive search )
Why did Canaccord fail to come up with a JV strategic partnership as they were hired to do so last year ?
Why were there no takers for a paltry 65 million investment in close to home Saskatooon - just sell the darn useless plant
Of course they have a LOI with somebody to build a plant – no risk to those 2 as long as a third party will pay for it – so far no luck - same as for the Saskatoon plant – no cash to risk on an unknown process that is obviously by too risky