Replies to post #77232 on QED Connect Inc (QEDN)

[Slojab]

Is the deal contingent on satisfying all 7 steps?

Ingredion and GMS are having weekly meeting to move forward with the Order of Ingredion. GMS and Ingredion finished step 1 and started step 2.

Step 1: to provide all the necessary samples, safety sheets, and microbiological test to Ingredion.
Step 2: to do the first pasteurization test of liquid bienestarina and Sacha Inchi before putting the final product into Tetrapack and to do an inspection of GMSacha Inchi plant in Medellin which is schedule for the end of March 2023.
Step 3: to deliver the first batch of GMSacha Inchi to replace the 150 tons of flex that Ingredion imports to make Bienestrarina.
Step 4: to do the first batch of Bienestarina with GMSacha Inchi in Tetrapak
Step 5: to expand GMS facility in Medellin. GMS current capacity is 8 tons per month. GMS needs to expand to 20 tons per month just to fulfill the orders of 7.5 tons of GMSacha Inchi for the 12,000,000 bienestarina in Tetrapak and 150 tons of GMSacha Inchi powder by August 2023.
Step 6: to open a facility in Cartago close to the Bienestarina facility that will have the capacity 20 tons per month.
Step 7: to open a facility in Atlantico close to the Bienestarina facility that will have the capacity 20 tons per month.

[kex0414]

I don't read "Contract"... I read, "The Ministry of Agriculture of Colombia has set a goal to plant 5,000 Hectares...". I also read "...public bid for a contract..." And , not for GMS, but for Ingredion, who may or may not get product from GMS and or others. It appears that if Ingredion, the Target of the Contract does get the Contract, then GMS may get an Output Contract from Ingredion. It would not, in most probability, be the single subcontractor, but would be one of many producers for Ingredion. Definitely not for the millions shamelessly projected here.

Everything here is speculation and completion of seven (7) contingencies, not all related to GMS. This is far from a valid "Contract" it is simply a plan. See post by slojab
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171438730