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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Chemicals Chemicals
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

Itafos Inc
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(18)
•••
Comment by kisstopherpon Jul 27, 2015 2:37pm
224 Views
Post# 23963990

RE:three things are obvious from the news

RE:three things are obvious from the news
mingzhu wrote: 1, company is cash-desperate: two months loan of 15% interest.;chairman was forced to resign, perhaps new investor is unwilling to pay him
2, MBC lenders are unwilling to lend any more,so company asked a new investor for a loan.
3, company is not happy with the bids on the table.

company has changed the tone a great deal  since last news relase and become much more pessimistic. MBCis still worth something in next two months, depending on how much the  new investor  is willing to pay. it may change the loan into shares. So it is interest of investor to have share as low as possible. sharedolders will face the two options after september: accept the low bid (0.005 to 0.0 4)  or bankrupbcy.




#1 Was already known
#2 Again lenders pushed for strategic review becuase they weren't lending any more. 
#3 Likey but how do we know what the bids where?

https://www.valueinvestorsclub.com/idea/MBAC_FERTILIZER_CORP/128499#description

Enjoy - CFO pinto making a fool of himself in light of recent events

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