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Bullboard - Stock Discussion Forum Burcon NutraScience Corp T.BU

Alternate Symbol(s):  BRCNF

Burcon NutraScience Corporation is a Canada-based global technology company focused on the development of plant-based proteins for foods and beverages. The Company has an extensive patent portfolio covering its novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. The Company is engaged in the production of hemp protein isolate and... see more

TSX:BU - Post Discussion

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Post by ParamaYogananda on Aug 15, 2022 6:17pm

Hopeless?

Burcon JV, Merit Functional Foods' First-of-Its-Kind Plant Protein Production Facility Commercially Ready

Newsfile November 10, 2021

30.06.2022

No customers - virtually no sales

Nestl no longer seems to be interested
Comment by Summer001 on Aug 16, 2022 2:45am
This was the sixth conference call with almost the same content. Each time, we are put off for the future. The only difference with Tergesen is that he MISLED shareholders by philosophising about Merit's international expansion, another joint venture coming soon and production close to capacity. An unsuccessful CEO search so far says it all. Burcon is still a bet with unfavourable prospects ...more  
Comment by Trendsetter on Aug 16, 2022 10:13am
It was earlier in 2021 that they said they were ready...FACT is they were NOT and STILL are not ready or capable of producing  a stable product that customers can rely on = NO SALES!   The difficulties they were having in 2021 was material information that could and should have been shared with shareholders...instead the SP is - 80% during the time they knew there were major ...more  
Comment by Summer001 on Aug 16, 2022 10:30am
...... and that is why the pressure on Burcon was so big that they had to fire Tregesen completely unprepared, without having an alternative!
Comment by ParamaYogananda on Aug 16, 2022 11:12am
The difficulties they were having in 2021 was material information that could and should have been shared with shareholders Looks like the problems still exist!
Comment by Alternative on Aug 16, 2022 11:49am
And do you know with certainty that the problems still exist?? If you are going to make statements like "looks like the problems still exist?" you should know that with certainty so how do you know they still exist?
Comment by Trendsetter on Aug 16, 2022 1:30pm
Alternative I would think that is very obvious!    IF the "problems do not still exist" these "world class operators" would be shipping sales to the large CPG's and telling us they are nearing phase 1 capacity and making plans for phase 2 & 3 ....instead of reporting a lousy $91,000.00 in revenues Burcon would be reporting revs in the millions!  ...more  
Comment by Alternative on Aug 16, 2022 3:04pm
My question was how do you KNOW the issues have not been dealt with, simple answer is you don't know.
Comment by ParamaYogananda on Aug 16, 2022 3:40pm
Seeking Alpha Burcon NutraScience Corporation (BRCN) CEO Peter Kappel on Q1 2023 Results - Earnings Call Transcript Read attentively! https://seekingalpha.com/article/4534641-burcon-nutrascience-corporation-brcn-ceo-peter-kappel-on-q1-2023-results-earnings-call
Comment by Trendsetter on Aug 16, 2022 5:44pm
I know what your question was...it and you make absolutley no sense...IF Merit had a product coming off the line that can be trusted for repeatability then it would show up in sales...end of story! 
Comment by Summer001 on Aug 17, 2022 4:54am
Hopeless! Besides Burcon, this also applies to the Burcon cheerleaders #Alternative and #Fundmanger1944. Although cheerleaders don't insult everyone who thinks otherwise.
Comment by Alternative on Aug 17, 2022 10:40am
Summer, just because someone doesnt agree with you doesnt mean that they are cheerleaders. You are WAY too negative and it doesnt make sense that you are here. You are not a shareholder so what purpose do you serve? Did someone at Burcon do you wrong? What's the story? I am just as disappointed as every shareholder must be (doesnt include you Summer or any of the other negative Nellies that ...more  
Comment by Trendsetter on Aug 17, 2022 11:59am
Dont care for summer either as he is always negative, Johann hater with little substance to back up his statements  ....that being said you have to stop hoping and start to realize that this management group is not deleivering ...every quarter it really is the same story...close on JV, close on sales, close on product, close on CEO...Dont even try to deny that.   If this really is ...more  
Comment by Alternative on Aug 17, 2022 12:44pm
I am very frustrated by the 'same old, same old' from management, be it Tergesen or current. That being said, I am 'hopeful' that the next 24 months WILL be rewarding for shareholders.  I disagree with Canaccord and everything pushed back to 2024, I believe they will solve production problems well before then, heck, they may already have been solved. Then again, maybe not.
Comment by Transat500 on Aug 17, 2022 12:34pm
Listening to the Conference Call,I think BU managament missed a beautifull opportunity tp promote SP value when the Cannacord analyst asked if MERIT production rise full gear , will BU cash flow be positive. She been answered a brief: Yes. No development . It was the perfect time to explain the magnitude of the rewards S. Holders could get if everything turn finally positive. Results:With no ...more