Hi Alex:
Just joined and saw your inquiry about Cyanotech (CYAN). I live in Hawaii and have been following this Company for several years. Cyanotech is located in Kailua Kona on the Big Island, Hawaii. If you look out of the plane just prior to landing in Kona, it looks like Mississippi Riverboat Paddle Wheel Week. you will see acres of big, stretched out ponds that look like big rows of green sugar cane. It is actually long ponds of Blue-Green Algae, with giant paddle wheels that keep up the circulation. Every 2 or 3 months I notice it just keeps expanding. It is REALLY BIG. They produce Spirulina (blue-green algae) in a very unique environment.(worlds largest producer) They work very close with the University of Hawaii located nearby. They sell their own brand of Spirulina called: "Nutrex Hawaiian Spirulina Pacifica" Certified and Organic. They also do alot of private label placing for other companies. Alot in Asia. Plenty of multilevel marketing Companies are ordering from them too. There are alot of books in Health Food stores explaining all the hype thats surrounds Spirulina that you can look over.
The thing about CYAN that has alot of investors over here holding the stock is what the near future has for the Company. This year they are to start marketing astaxanthin (pronounced: ass-tah-zan-thin} which is produced from microalgae as well. This product has a potential 100 to 200 Million dollar market in Asia. You see, Aquacultured salmon meat isn't pink like wild salmon meat. It's white, and only brings half as much in the market place as pink salmon. Alot of areas have passed laws against selling dyed salmon meat. Fish fed this astaxanthin are naturally pink. Another market: poultry farming. Better and bigger eggs with stronger shells.
One other thing going for them. The University of Memphis awarded Cyanotech their patented, microalgicide that kills mosquitoes and black fly larvae in swamps, lakes, and streams without hurting anything else. They are to start that project this year as well.
I might add: Alot of local people here in the islands know and love this Company. We all have followed Cyanotech through their ups and downs, and have the greatest respect for them, the loyal employees, and great management. Everyone you meet that has any contact with Cyanotech, has nothing but ALOHA for them, their products, and the way they work with people. If you get a full package description from your broker, you will be amazed at who has large investment capital in the stock, and who is on the board. They have a HomePage on the web where you can see last summers picture of Cyanotech from the air. It is actually alot larger now. cyanotech.com Notice they are in the middle of a lava field. Their rent is zilch. A 30 year lease from the State. (less than 1% of net) No debt either. Word has it that they could increase in size 50 times without a problem. Nothing else could be done with the lave land at this time.
Mahalo, Terry Over |
