Just noted this new listing today.
Company Website - http://www.soilsub.com/
Capital Raising - $5 Million
Shares on Issue - 5 Million
Issue Price - $1 per share
They have a product called NutriMix which is a type of fertiliser that can be used in sand/desert regions such as the Middle East and China where water is scarce. NutriMix has a very high water retention rate and is highly favoured in these arid regions.
The company has also signed a $US30 million ($A33 million) exclusive licensing agreement with The Timms Cho Group in China, where NutriMix production has already begun. The agreement includes the development of a 400,000 hectare biodiesel project in China's Jiangxi province.
They expect to have a positive cash inflow (ableit small) from June '08 and a gradual increase in cash flow until November '08, where a whopping increase of almost 500% is expected from October.