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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.


TSXV:IFOS - Post by User

Bullboard Posts
Comment by kisstopherpon Jun 14, 2015 1:02pm
258 Views
Post# 23828828

RE:Sell The Company

RE:Sell The Company

I posted this two+ months ago - The reasons being what were now seeing unfolding before our eyes. 
 

Never underestimate MBAC's ability to screw things up royally  - they never can get thier act straight. 

Our glorious $2 Million dollar management team didn't have enough foresight to see they had no cash to produce in October of 2014 and again in Decemver 2014 and it was up to the lenders to slap them silly and tell them we need to initiate a strategic alternatives process which should have happened 6 months earlier then it did. 

Well, hopefully DB and Mosaic? B&A? Yara? ICL? Potash Corp? The Chinese? anybody can save us from this horror show from continuing. 

Ironically we still have management on payroll because we can't afford to pay thier ridiculous severance packages. Marrone and Silva should be tarred and feathered for the absured "Pinto Agreement" and "Melcher Agreement" they signed on behalf of shareholders. 

If you have a chance attend the AGM (I plan to) becuase it's going to be one hell of a show.

Bullboard Posts