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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 > What would you do ?
View:
Post by TSX-BEAR on Jun 19, 2013 3:23pm

What would you do ?

If you were owed $ 7,000,000 after the one year term and tthe only security is plant equipment and ppatent and the plant has not yet sold if ever and the patents not yet issued nor has there any valuation been made by a licence deal and the proposed JV partner is still secret and the company has no earnings even borrow more cash against the same assets as they did in Nov 2012 for a further $. 3,000,000 lien on their plant and patent

What would you if you were to answer to the Romspen shareholders ?

Comment by conscience1 on Jun 19, 2013 4:14pm
CS must have something in mind, or maybe already done. Either we get a note from Romspen demanding their $$ or we get one from CS explaining  how BXI has dodged the bullet for now. If they weren't satisfied we should have heard about it.  If they are satisfied we should know why. I'm ready to vote for a little transparency from our officers, or for replacement of said ...more  
Comment by 1320racing on Jun 19, 2013 5:00pm
This post has been removed in accordance with Community Policy
Comment by TSX-BEAR on Jun 19, 2013 6:44pm
https://www.bioexx.com/article/bioexx-refinance-debt-increased-loan-facilityTORONTO, ONTARIO – June 7, 2012 –"Romspen will have a first secured interest in the Company’s Saskatoon plant and a general security agreement covering the balance of the Company’s assets" The Romspen loan is a one-year term debt facility, with interest accruing at 12 ...more  
Comment by 1320racing on Jun 19, 2013 7:44pm
This post has been removed in accordance with Community Policy
Comment by 1320racing on Jun 19, 2013 8:09pm
This post has been removed in accordance with Community Policy
Comment by buckrod on Jun 19, 2013 8:54pm
The intellectual property is not part of the Romspen loan.>
Comment by gadfly222 on Jun 19, 2013 10:48pm
Why would anyone believe this guy, Chris Schnarr?????