Yes looks a bit heavy & manna from heaven for the MMs. That being said the drop is a reflection of the (short term) view that the revenue growth curve and therefore breakeven & profitability is pushed out to the right, and John Shaw’s (as usual) cautious statement is par for the course. It’s a bit like a 5 set tennis match: if you can win a point, you can win a game, if you can win a game, you can win a set, if you can win a set, you can win the match. With our IP, products, environmental credentials, and sales so far, we have won the first set. Mona Manning the new VP Sales needs to crack on with sales of existing and new products coming down the line, and help us win that match.
Yep it’s a bit of an eye opener - wish I was a chemist, do I could understand it even better. The timeline has slipped, and with it the revenue growth curve, but the things they have said would come to pass in their business proposition, have happened/are happening/will happen (my opinion only!)
Read the major RNSs from the last couple of years and it will reinforce that view I’m sure. This is a company with great science, great scientists/innovators/patent holders and products being made & sold to big consumer names - not to mention a product roadmap which will I believe continue to delight us for many years to come.
RE: Mark Whittle‘s Departure/Directorate Change RNS17 Jul 2021 11:59
Im crossing everything that I’m right Y-Alam. An RNS along this lines would be nice:
„Quadrise Fuels and Shell’s Biofuels Division, now lead by new CEO Mark Whittle, are pleased to announce the signing of a licencing agreement, giving Shell access to Quadrise Fuels advanced MSAR/BioMSAR fuel technologies.. The deal involves a substantial initial payment to Quadrise and subsequent royalties based on production quantities of licenced MSAR products, which Shell will produce. This agreement is further validation of the environmental credentials of the Quadrise MSAR family of Advanced Fuel Products, focussed on moving industry away from established & environmentally inferior HFO offerings. Shell Biofuels is looking forward to the Quadrise Fuels products playing a substantial role in it’s quest to decarbonise industry and supply chains for Shell customers.“
Probably wrong, but nice to dream of such an RNS. I live in (almost perpetual with QFI) hope!
Mark Whittle‘s Departure/Directorate Change RNS17 Jul 2021 08:09
This was the most interesting part of the RNS for me:
We thank Mark for the key role he has played in the development of Quadrise and wish him well in his new role. Jason and I will continue to lead the business to ensure that we deliver the projects as planned. We do not expect any changes to our project timetables as a result of Mark's departure."
It looks like they know where he is going. No timescale changes He departs on agreed contract terms (nothing underhand it would seem). He told s ex-Shell. Shell/MSC put out a decarbonisation PR which gets friendly support via Tweet from Quadrise.
Maybe he‘s going back to Shell to lead Shell‘s efforts on implementing QFI MSAR/BioMSAR - time will tell! All a vague theory and probably wrong!
Well done Smart Inv. I hope we came see similar action on FTC as Itaconix over the coming months. The CEO is Richard Gibbs - new CEO and ex Honeywell (where I know him from) and a good guy. Back to ITX: I note on Jim Gordon‘s LI profile there are also J&J and DuPont connections, as well as him being ex-Unilever himself. I guess that might be why he is a good fit in the Itaconix team.
Hi all, stumbled on this from 2012. Old, but even more relevant now than then. A key line in the abstract is
„ Itaconix has successfully produced stable alkylitaconate bio-based latexes using its patent-pending green emulsion polymerization process. The current performance of these latexes is not sufficient to overcome marketplace inertia favoring the well-established petroleum-based latexes.“
9 years later think the inertia is now firmly in our favour. The time is right.