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Bullboard - Stock Discussion Forum BioExx Specialty Proteins Ltd BIXZF

"Bioexx Specialty Proteins Inc is engaged in the development and commercialization of processing technologies, for use in the extracting various active ingredients from organic and inorganic materials. The company's primary focus is on the production of proteins from canola and other oilseed feedstocks. Its products include Isolexx, a protein isolate for use in bakery products, meat products... see more

GREY:BIXZF - Post Discussion

BioExx Specialty Proteins Ltd > Road Map to Nowhere.........
View:
Post by TSX-BEAR on Feb 24, 2013 11:25am

Road Map to Nowhere.........

The last road map from June 2009 to Nov 2011 brought the BXI ttrain to a dead end with 10 million in solvent extraction being sold for 5% at auction

The next hastily crafted road map purported to lead to non solvent extaction with imminent aasymptotic production by Feb 2012 and that road map led to a side rail waiting for one year to get back on ttrack meanwhile all the others trains pass by

Any CEO will peddle their version of hopes and dreams to the public who are willing to gamble on the pot of gold 

works every time as greed trumps fear 

meanwhile CS got $ 250,000 for the extra year of string along and he can be late on the financials until the TSX orders a delist

 No production no earnings cash burn

 no deal because the process has not been proven and may not be able to be commercially profitable

remember that have only extracted the protein on a slow batch method NOT continuous 24/7

even CC was able to produce ONE ton of Canola using the failed solvent method

CS was there with CC and he learned very well how to BS

Comment by 1320racing on Feb 24, 2013 11:51am
This post has been removed in accordance with Community Policy
Comment by gadfly222 on Feb 24, 2013 1:26pm
1320racing - you hit on a significant point... 'batch processes' is putting trhough a certain amount of 'raw material' from beginning to end... this is much more controllable of specifications along production process... some 'batches' make the grade, some do not...   'Continuous flow is where production is continuously running product through the 'process' ...more  
Comment by 1320racing on Feb 24, 2013 2:26pm
This post has been removed in accordance with Community Policy
Comment by gadfly222 on Feb 24, 2013 4:01pm
That is where BXI failed ...not being able to move from 'batch process' to 'continuous flow' although BioExx stated it was just hours, weeks away many times -may times... this is where they failed.... this is where they mislead investors...   You stated: 'There would be no purpose for BXI to run a semi works plant under GEA's guidance for months and then have a ...more  
Comment by gadfly222 on Feb 24, 2013 4:07pm
"The whole point of setting up a pilot plant is to prove that the process works on a continuous basis." The Sask. plant was to be a full 24/7 continuous flow FULL PRODUCTION PLANT - allowing for 80 - 100MT > 90% protein Isolexx.... BioExx had another small scale works somewhere else as their 'pilot study'...   they failed....  
Comment by 1320racing on Feb 24, 2013 6:20pm
This post has been removed in accordance with Community Policy
Comment by gadfly222 on Feb 24, 2013 6:59pm
It seems to me that everything is under 'assumption' ... I am clear that nothing is known - all is assumed...