Bullboard - Stock Discussion Forum BioExx Specialty Proteins Ltd BIXZF

Healthcare Biotechnology

"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

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BioExx Specialty Proteins Ltd > Another Extension for the Stay of Proceedings

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Post by marcus771 on Dec 22, 2013 9:09pm

Another Extension for the Stay of Proceedings

Delayed again until Jan 15th or the 31st. On the BDO website, There is mention of looking at the feasibility of going private sec 17 (iii)? Also, the report states that they have the cash to "pursue development of a restructuring plan". Furthermore sec 24-26, they have also "received a bid from an arms length party for the IP, and a separate credit bid for the remaining assets from the holders of the debentures". If this stuff isn't confusing I don't know what is! lol

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Comment by 1320racing on Dec 26, 2013 9:48am

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Comment by marcus771 on Dec 26, 2013 9:07pm

www.extranets.bdo.ca/bioexx

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Comment by 1320racing on Dec 28, 2013 9:36am

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Comment by marcus771 on Dec 30, 2013 2:22pm

I have no clue to be honest either. Maybe they will sell the IP through licensing agreements to generate income? I just don't know what they are waiting for, this is ridiculous.

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