Post by
phantom666 on Oct 25, 2023 10:10am
Loses $1.8 Million - Need More Testing 1-2-3
IZ's Infamous Words! TESTING
We'll just move our Pilot Plant closer to the Farmers for testing so our horse and wagon can make it in one day!
Moving the Plant to another town isn't significant news so we don't have to tell investors!
So 10 monhs later, IZ starts all over again - MORE TESTING
OH wait the Pilot Plant isn't running yet.
From IZ's MD&A - In December of 2022, IZ acquired its new production facility in Jordan Station, Ontario and later moved to Moorefield , ON. The latter location is conveniently located near large farms that are willing to participate in NEREA® testing. IZ is currently outfitting the facility with the necessary equipment and personnel to begin production in the second quarter of 2024
Funny I heard these words when they said "its production plant in Jordan, Ontario has reached the milestone of operational readiness and will begin producing IZ’s proprietary zeolite nutrient delivery products in late March."
Operational Readiness - implies your product is ready to deploy, operate, and maintain without significant issues.