Core Insights - Buscar Company is making significant progress towards becoming a fully reporting company with the SEC and uplisting to the OTCQX Market, following the successful filing of its fiscal year financial statements for the period ended June 30, 2025 [1][4] - The company is collaborating with Barton CPA PLLC to enhance transparency and ensure compliance with SEC requirements, demonstrating a commitment to rigorous governance [2][4] - The audit process has achieved key milestones, which are essential for the company's goal of improving investor trust and expanding market reach [4][5] Company Overview - Buscar Company (OTC: CGLD) is a diversified holding company focused on natural resources, sustainable technologies, and pharmaceuticals, operating through subsidiaries such as Eon Discovery Inc., Terramer Inc., and Armorgenix [5] - The company was formed via a reverse merger with Eon Discovery in 2020 and prioritizes innovation, diversification, and shareholder returns [5] Audit and Compliance Progress - Under the leadership of Chairman and CEO Alexander Dekhtyar, the accounting team is working diligently with Barton CPA PLLC to ensure compliance with SEC requirements [2] - The audit has progressed significantly, with a focus on reviewing financial records and achieving compliance milestones [2][4] Market Uplisting Goals - To qualify for the OTCQX Market, companies must meet high financial standards and maintain transparent reporting and robust corporate governance [4] - Buscar's recent audit advancements and retained SEC legal counsel are accelerating its journey towards fully reporting status and OTCQX uplisting [4]

Core Viewpoint - Balrampur Chini Mills Ltd (BCML) is diversifying its operations by building its first bioplastic plant, aiming to expand beyond its traditional sugar and ethanol business in response to environmental concerns and market opportunities [1][2]. Company Overview - BCML is a 50-year-old sugar producer based in Uttar Pradesh, India, and is currently the second-largest and most profitable sugar company in the country [17][20]. - The company has a strong relationship with over 550,000 sugarcane farmers, which provides a unique advantage for sourcing biowaste as feedstock for bioplastics and ethanol production [2][3]. Bioplastic Plant Development - The bioplastic plant, with an investment of ₹2,850 crore, will be India's first large-scale PLA (polylactic acid) factory and is expected to be operational by the end of 2026, reaching a capacity of 80,000 tonnes per annum within six months of starting operations [7][8]. - The plant aims to produce eco-friendly alternatives to single-use plastics, such as bags and bottles, leveraging the company's integrated setup from sugarcane procurement to PLA production [11][12]. Strategic Plans and Future Expansion - Avantika Saraogi, an executive director at BCML, has outlined a ten-year vision for the company, which includes plans for further expansion and investment in new technologies to utilize grain as an additional feedstock [9][10]. - The company is exploring the use of complex sugars and lignin derived from biowaste to create biomaterials, indicating a broader strategy to tap into the biochemicals market [3][4]. Market Position and Competitive Landscape - BCML's bioplastic initiative positions it competitively against global PLA producers, with a total capacity of around 620,000 tonnes per annum among major players [12]. - The company benefits from favorable government policies in Uttar Pradesh, including capital subsidies and tax exemptions, which support the bioplastic manufacturing sector [13][14]. Industry Context and Challenges - The sugar industry faces regulatory challenges, with prices for cane, sugar, and ethanol being heavily controlled by the government, impacting profitability [21][22]. - The diversification into bioplastics is seen as a strategy to mitigate risks associated with the volatile sugar market and to enhance sustainability [20].

Core Viewpoint - Xampla has developed a verification process for its Morro materials, confirming they are plastic-free and compliant with UK and EU regulations on single-use plastics, utilizing collaboration with the National Physical Laboratory (NPL) [1][2][6] Group 1: Collaboration and Validation - Xampla partnered with NPL to create a method for verifying plastic-free claims, which is crucial as no universal procedure currently exists for this purpose [1][2] - The validation process involved advanced spectroscopy and high-resolution microscopy to analyze the chemical and physical characteristics of Morro's natural plant-based polymers [3] Group 2: Regulatory Compliance - The findings confirmed that Morro materials are not chemically modified and thus do not fall under the definition of plastics according to the EU's REACH regulation [4] - This validation provides assurance to packaging producers regarding compliance with regulations on single-use plastics [2][4] Group 3: Product Characteristics - Xampla's Morro coatings and films offer grease and water resistance comparable to traditional plastics while being entirely derived from natural plant polymers [4] - The materials are biodegradable, home compostable, and compatible with existing recycling systems [4] Group 4: Market Impact - The validation has led to new contract agreements and expanded market opportunities for Xampla [6] - In September 2025, Xampla secured $14 million in Series A funding to further its mission of replacing single-use plastics with plant-based alternatives [7]

Core Insights - Buscar Company is progressing towards becoming a fully reporting company with the SEC and aims to uplist to the OTCQX Market, having filed its fiscal year financial statements for the period ended June 30, 2025 [1][4][5] - The company is collaborating with Barton CPA PLLC to complete its audit in compliance with SEC standards, enhancing investor confidence and market visibility [2][4] - Buscar's diversified portfolio includes operations in natural resources, sustainable technologies, and pharmaceuticals, with a focus on growth and shareholder value [5] Financial Reporting and Compliance - Buscar has successfully filed its fiscal year financial statements, demonstrating a commitment to transparency and regulatory compliance [1][4] - The ongoing audit process with Barton CPA PLLC is crucial for aligning with SEC standards and preparing for a Form 10 submission [2][4] Market Positioning and Strategy - The company aims to meet the stringent financial standards of the OTCQX Market to attract a broader investor base and enhance liquidity for shareholders [4] - Chairman and CEO Alexander Dekhtyar emphasizes the importance of financial transparency and governance in positioning Buscar as a trusted leader in its sectors [5] Company Overview - Buscar Company operates in diverse sectors, including gold mining through Eon Discovery Inc., biodegradable bioplastics via Terramer Inc., and pharmaceutical innovations through Armorgenix [5] - The company was established through a strategic evolution, including a reverse merger with Eon Discovery in 2020, focusing on innovation and diversification for growth [5]

Financial Data and Key Metrics Changes - For Q3 fiscal 2025, consolidated net sales increased by 4% to $21.5 million compared to Q3 fiscal 2024 [6][15] - Gross margin reached 38.4%, an increase from 38.2% year over year, reflecting a more profitable sales mix [16] - Net income for Q3 fiscal 2025 was $122,000 or $0.01 per diluted share, down from $977,000 or $0.10 per diluted share in Q3 fiscal 2024 [16] Business Line Data and Key Metrics Changes - Xerus Industrial's net sales increased by 7.1%, while ZERUST Oil and Gas net sales decreased by 5.3%, and Natur Tec net sales declined by 1.2% [6][15] - Natur Tec sales were $5.8 million, representing a 1.2% year-over-year decline but a 16.5% sequential increase from Q2 fiscal 2025 [12] - ZERUST Oil and Gas sales were $1.3 million compared to $1.4 million in the same period last year, with a trailing twelve-month sales increase of 15.4% [11] Market Data and Key Metrics Changes - Joint venture sales decreased by 12.9% year over year to $2.3 million, attributed to high energy prices and regional economic pressures in Europe [7][8] - NTSC China net sales increased by 27.4% to $4.5 million, marking the second highest quarterly revenue since transitioning to a wholly owned subsidiary [8][9] Company Strategy and Development Direction - The company is focused on supporting existing customers, expanding global relationships, and scaling in high-growth markets [5] - Planned investments in the oil and gas business are expected to contribute to future growth despite current higher operating expenses [5][16] - The company is committed to long-term growth opportunities, particularly in the Chinese market and bioplastics segment [10][18] Management's Comments on Operating Environment and Future Outlook - Management expects improvements in profitability in Q4 fiscal 2025 and continued progress in fiscal 2026 despite macroeconomic pressures [6][16] - The company is closely monitoring European market trends for signs of stabilization due to government stimulus packages [8] - Management remains confident in the direction of the company and its strategic growth plan despite challenges faced in fiscal 2025 [13] Other Important Information - As of May 31, 2025, working capital was $21.7 million, with outstanding debt of $10.1 million [17] - The Board declared a quarterly cash dividend of $0.01 per common share, reflecting a disciplined approach to cash management [18] Q&A Session Summary Question: Improvement in operational profits - Management acknowledged significant improvement in operational profits from Q2 to Q3, with nearly all business units showing progress [22] Question: Cost comparison of new technology in oil and gas - Management confirmed that the new technology is cheaper on the front end compared to traditional methods, with easier installation and better long-term protection [23][26] Question: Additional spending on sales efforts for oil and gas - The company is projected to spend about $5.3 million in the current year, an increase of $1.3 million in personnel costs compared to the previous year [30] Question: Profitability of NTSC China - NTSC China has been profitable for some time, with significant revenue growth observed over the past three years [34] Question: New developments in compostable packaging - Management is working on a project to improve the water vapor transmission rate of compostable packaging, with potential revenue expected in the next two years [40][41]

Financial Data and Key Metrics Changes - For the second quarter ended February 28, 2025, total consolidated net sales decreased by 8.5% to $19.1 million compared to the same period last year [11] - Gross profit as a percentage of net sales was 35.6%, down from 40.0% in the prior fiscal year period, reflecting a less profitable mix of sales [25][26] - Net income for the second quarter was $434,000, or $0.04 per diluted share, compared to $1.7 million, or $0.17 per diluted share, for the fiscal 2024 second quarter [26] Business Line Data and Key Metrics Changes - Xero's oil and gas net sales decreased by 28.5%, while NatureTech net sales decreased by 11.8%, and Xero's industrial net sales decreased by 3.7% [11] - NatureTech sales were $5 million in the second quarter, down from $5.6 million in the same period a year ago, attributed to order timing and seasonal variation [19] - Xero's oil and gas sales were $1.5 million in the second quarter, compared to $2.2 million in the same period last year, with a trailing 12-month sales increase of 7.2% [16][17] Market Data and Key Metrics Changes - Joint venture sales decreased by 15.7% year-over-year to $19.8 million, reflecting high energy prices and regional economic pressures in Europe [12] - NTIC China subsidiary reported a net sales increase of 8.1% to $3.7 million, stabilizing and approaching sales levels from fiscal 2021 and 2022 [13][14] Company Strategy and Development Direction - The company is focused on strategic investments in oil and gas sales infrastructure to support growth expected in the second half of fiscal 2025 [18] - A disciplined approach to managing cash, including adjustments to quarterly dividends and prioritizing debt reduction, is intended to position the company for future growth opportunities [10][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the increasing intensity of headwinds, including changes in U.S. trade policies and economic conditions, but expressed confidence in a rebound in NatureTech and U.S. oil and gas sales in the second half of the fiscal year [7][9] - The leadership team emphasized their experience in navigating challenging economic periods and the strength of the company's balance sheet [21][22] Other Important Information - The company declared a quarterly cash dividend of $0.07 per common share, with plans to adjust the dividend to one cent per share in the next quarter [30] - As of February 28, 2025, working capital was $21.4 million, with outstanding debt of $8.1 million [28][29] Q&A Session Summary Question: How are the investments in the oil and gas sales team working out? - The company hired eight people, some of whom did not work out, but expects the impact to show in the second half of the year [34] Question: What are the dynamics behind potential issues in the compostable business? - A large distributor in the U.S. has been added, which is expected to significantly boost business, along with a new line of technology in food packaging [36] Question: What is the current state of the core business? - The core business is expected to remain flat [41] Question: Can you provide more color on the gross margin decline? - Increased pricing pressures in the NatureTech business led to a decrease in sales prices, impacting gross margins [46][48] Question: What is the outlook for the oil and gas business in the second half? - The company anticipates growth primarily in oil storage tank bottoms and pipeline casings, with significant business expected from large customers [60]