Sunday, June 30, 2013

Protein for the World

An article in Globe & Mail made me buy the stock some 2 years ago. I do not seem to find the link now so I had to upload the images (see them at the end of the post) - I wanted to keep them as 'proof' so took a few photos of the article (click on the images to see them full size).

Very compelling all the information presented, producing protein from canola, it sounded like making gold out of ... dust (for the lack of a better comparison).

And the world needs protein. China and India are of course mentioned in the article; they always mention China for the newly launched companies and lately they have started to add India as well.

I bought the stock almost right away after the article (the constant fear of missing the boat) so of course as usual close to the maximum then the stock kept hovering close to my buying price, even lower, but I did not worry. The 1st factory was supposed to come online and then the 2nd to feed the whole world with apparently the so abundant and cheap canola.

Loss so far - 98% even if they still have a compelling case according to their website.

However the proof is in the pudding, in this case in the price of the stock.
As they say it is execution that matters.

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