As an investor in A4N you see IPT as a threat, those are the...

As an investor in A4N you see IPT as a threat, those are the reasons for your negative posts. IPT will be by far the cheapest producer of HPA in the world and once in production it will dominate the market, it will able to reduce or ramp up production as the market demand fluctuates. There is no guarantee A4N will be able to maintain its production costs as its a complex process, dependent on others for the supply of materials to process, it’s also dictated by inflation factors and will have a large debt overhanging it. While IPT’s process is much simpler and will have half the OPEX and CAPEX of A4N ,also its debt will be less than half of A4N and will be repaid after a few years. If I was you I would sell your A4N and buy IPT.