I think that is understandable, it is a novel process. It would difficult to imagine a world where new food tech would go from concept to customer in under 10 years, but, in the case of Formo, we do not need to imagine.
In 2021 they got $50m to build a factory and plan consumer roll out. In short, I suspect within a year you will be able to go into a shop, and get it.
No one at Formo or ANIC is making a promise about commercialising their product. Point of fact, a quick read of the article and you will note:
“We’re planning to go commercial within the next few years. I don’t want to give precise dates here as we don’t want to create any wrong expectations.”
I think a basic awareness of ANIC share price might help you understand that £2 by the end of the year is an impossibility. It is currently at around 10p.
I think investing in ANIC and expecting that kind of return over the next two years are mutually exclusive concepts. In the current market ANIC is an easy short for retail investors, which in turn is helpful for long term investors who are following progress and timelines of investees.
I mean, most of your claims are categorically not true. Every investee has a product.
Assuming by authorisation you are refering to meat (for dairy it is not necessary), in the USA two companies got the green light. In the UK, the gov. have put £120m aside, in the Nederlands, ANIC companoes have been enlisted the gov. for help with legislation.
You might note that two posts up, there is a link to an article stating $50m contract for lab cotton.
In order for the sector to be dead it needs to have had a life in the market place. Most ANIC investees have either just or are starting to build factories.
I think you are right when it comes to the share proce, for now. In the current market place, it is to be expected. Yet, until someone points me in the direction of some clear evidence, I think the unguided mass of retail shorts are nothing but a boon for the long term investors.
RNS on NAV: Which stands at £157m on £128 invested. Share price estimated at 15.80p down from 16.14p in March. £28m of uninvested cash in the bank. Also includes a nice summary of investees who are approach commercialisation over the next 12 months.
Clean Tech series a funding round led by Agronomics for £2.3m, includes Allianza and Doehler group. The money will enable the company which creates a green alternative to palm oil to scale up production and secure pathway to commercialisation next year