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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 Jan 26, 2016 11:16am
176 Views
Post# 24493979

RE:RE:RE:Lots of Action on Justice Brazil on the 22nd!

RE:RE:RE:Lots of Action on Justice Brazil on the 22nd!

Psalm9012 wrote: There are 22 new postings/cases (though many appear repeated) from yesterday and the number from Friday is now up to 19 on the Justice Brazil site. I've never seen more than 4 or 5 at a time in the past so hopefully this is a wrap up of the final cases. On another matter, on Bloomberg today, there is an article about infamous hedge fund manager Paulson backing his fund with his personal holdings in a recent downturn. Would have been nice to see MBAC management making some concessions - such as foregoing their salaries for a period of time - in this mess of their creation. Instead, they don't pay their employees their last pay cheques, never mind severance, and create a legal nightmare. Greg


Psalm9012 - I wasn in the process of posting with regards to 'honourable' vs. 'dishonourable' management. In this downturn many management and BOD have exposed themselves as being very dishounourable in the thier actions or lack thereof. 

I would say from what I've seen it's 10% honourable and 90% dishounarable. And we all know where MBAC lies - leaders of the  bunch. 

What did we shareholders benefit from a prolong protacted fight with our ex-employees? What is the benefit to fighting every claim tooth and nail? Evidently it was more important to to save a $1million bucks then to get the plant operational producing a $1 million dollars. 

MBAC should become a law firm and ditch phosphate fertlizer. 

I mis-calculated how bad this group was and is - I thought Cristiano was different but he failed just a miserably as his predessor. 

 

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