Rinse, lather, repeat!
Like all of their announcements there is lots of talk about potential revenue but no mention of costs or anticipated return on investment.
Capital raising coming so close on the heals of the previous raising rings alarm bells but the rampers will ignore this.
Dilution after dilution, shares on issue have roughly doubled in the past 12 months.
Had to laugh about their talk about the pilot plant still being built by Reliance to prove up the credentials of the algae oil for biofuels, yet no mention of their own pilot plant built years ago and how much algae oil for biofuels that plant is generating, probably because it is zilch!
This company has proven repeatedly that they are incapable of meeting any revenue projections or timeframes for any of their pet projects. Going on previous announcements from the company nutraceuticals should be making millions for them already, actual revenue is.........?
Ann: Algae.Tec Funding and Operational Update, page-23
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