Ann: Prospectus for rights issue, page-7

  1. 1,167 Posts.
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    I suppose that's why they wanted to buy the competition?

    It's more advanced, except major parts of their patent were rejected, they don't have an operational pilot plant, their proposed pilot plant costs WAY more, their lab results are suspect at best, and huge pieces missing regarding the process, quality, and other results. They're facility either uses or produces hydrofluoric acid (not enviro friendly. but also they've been dishonest/secretive about this) and they've been hush hush on grades, talking primarily about yield. They don't have s-max or half the byproducts we do, and the market for the byproducts they will produce is largely unknown. Depending on their location, they may end up having to pay to dispose of it. Their management consists primarily of a known Disallowed salesmen with no experience in the field (compare that to the multiple industry leaders at the competition), and the technical team behind sileach are largely unknown (hiding behind the name ANTSO). Last i saw, their feedstock is of very low grade and viability uncertain, but I'm not even sure they have a feedstock plan atm or any agreements for a feedsource. They're burning through money ridiculously fast too.

    It's honestly a mess. If it weren't for the recylcing and VSPC stuff they would be under by now, but i suspect they will fail to capitlise on those technologies before they become outdated. Watched this stock lose more than 75% of it's value, and has not progressed a bit. It's all talk, just like it always has been
    Last edited by rayien: 11/06/19
 
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