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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 Aug 07, 2015 8:53am
155 Views
Post# 23997197

RE:8-10 Million More Support from Several Other Shareholders

RE:8-10 Million More Support from Several Other Shareholders
Psalm9012 wrote: I am in the process of firming up support from several more shareholders to the tune of 8-10 million shares. I will need a couple more days to collect their personal info and get their authorization to provide it. I believe almost all of these shares will have been purchased 3 months ago or longer. Presently, MBAC's insiders hold 23,040,300 shares, however, if you remove Marrone's support of 8,257,415 - which I think we can due to his surprise resignation, the insiders are left with 14,782,885 shares. We may be able to garner more shares than the insiders will have which may give us more clout in this process. A couple points of thought. I think we have one objective and that is to see all the bids and determine what is in the best interest of shareholders. In light of the possibility that these bids can be quite complex, we would also need DB present, as a third party, to advise shareholders what would be in their best interest. Finally, we should also consider asking Mr. Marrone if he would be interested in throwing his 8 million shares plus behind us and advising and/or leading us in this process. Due to the nature of his leaving, his interests may very well now align with ours now. Will have the share info for you shortly. Greg


Great idea but how do you propose we get in contact with Marrone?

I will provide a update end of day today - The support has been overwhelming. People are pledging from all over the world! I'm stunned. 


Bullboard Posts