Just to put things into perspective for everyone.
This is a small company in rural Canada.
They deal in a business that is mostly farming related. These are down to earth people, not business suit types driving between skycrapers in limosines. This is not a put down, in fact, all the more admirable. I am sure this company and its potentials will mean a lot for the local economy there.
The website pre-dates Michael Shenher's assumption of the CEO role in this company. When I first bought this stock back in December, the news on the website was from 2007. I emailed the new CEO and called this to his attention. A day later it was updated - he did it personally.
From my communication with him what he is focused on is the long term planning for these deals that are still in the works.
You are looking pretty much at a fledgling company with big risks but a potentially bright future if plans come together.
They do not have fancy offices, secretaries and high powered attorneys and accountants and IR people. If you want that, invest in companies that have those things. This is a speculative play.
The Chinese investment, if it comes together, means that yes the investors get most of the profits but they also assume most of the risks and the costs in new facilities. This kind of financing arrangement is not unusual for small companies trying to go big.
All must do their own due diligence. Decide if it's a game you want to play. If so, do so responsibly. If not, find something you want to invest in.
