RE:RE:Shareholder-ValueThe issue most investors have is the time scale of those arrows. While most of us understand the need to pivot and redesign, the time scale needs to be compressed. If academia is being used say for R&D for the functional drink perhaps private labs can be employed. Sure the cost is higher, however the company is well funded, and if additional capital is needed, perhaps some PR to generate interest in the company can lead to a higher share price and more favourable terms for an equity raise.
prophetoffactz wrote: "In soccer you would say it's 0:2 against Ceapro. (Beta Glucan + Energy Drink)"
Realistically development stage assets take a long and winding road through trial-and-error. It can take 10 years to develop them ore more. That they make it to success in a straight line is largely a fantasy. Most early-stage R&D fails. CZO's oat beta glucan was set aside for now because CZO has more compelling immediate opportunity. It could still be successful in a liquid form instead of a pill based on another trial. It could be picked up later.
Gilles joined CZO because of avenanthramide. A clinical trial is now before Health Canada for the final green light. That is the priority. The energy drink was a prototype based on oat beta glucan. It has been valuable in developing PGX-YBG, and PGX-Alginate which are believed to meet the needs of industry based on discussions with industry with the prototype. PGX-YBG and PGX-Alginate have interesting properties. Getting things right the first time is very rare. These second generation carriers(PGX-YBG, PGX-Alginate, PGX-YBG-Alginate) have now been tested in a bioavailability study and justify scale-up. "The 3rd quarter results disappointed shareholders so much that looking back at the 1st half of the year didn't help either."
14% growth for the first nine months is well in line with the historic growth of the company. Any given quarter to two can be lumpy based on when orders fall. The deal signed with Symrise this year may lead to 'accelerating' sales it is noted based on certain exclusivities, etc.