RE:RE:RE:RE:RE:RE:RE:RE:RE:stonegate: $5.25. to $7.75 with a mid-point at $6.25#imartin, where did you get the news that the joint venture with Nestle has ended? Could you please share this communication from the company?
Regarding the first sales figures, royalty revenue of $18,000 and sales revenues of $1.2 million doesn´t fit. Merit recorded sales revenues of $1.2 million during the quarter, representing sales of pea and canola protein products, AS WELL AS SALES OF COMMODITY ITEMS and by-products. Burcon was not even willing to disclose the exact sales figures for their own product. Due to the low royalties, these must have been less than $200K for the entire quarter, far less than $1.2 million. Maybe they had to sell their peas to someone else.... Look at the numbers, the wording, the history and the market and make a proper DD!!!
At preset the fair value is below CA$2.5 and if we seen no news within the next 3 month Burcon will go further down. I would by Burcon again earliest, if they announc any signifcant progress in sales. I no longer care about patents, JV, market potential ...