Argentina suspends construction of Monsantos unconstitutional GMO seed plant Its not a total ban.

Argentina suspends construction of Monsanto’s unconstitutional GMO seed plant It’s not a total ban, but it’s at least a victorious fight against the evil empire of Monsanto and the sociopathic biotech industry. After many weeks of grassroots demonstrating, blocking building and bulldozers of a Monsanto seed factory in Argentina, a three-person court ruled two to 1 that construction of a Monsanto GMO seed plant must be halted until an environmental effect research is completed. Of course, Monsanto is taking this decision to an increased court with claims that they do their own environmental study and the paperwork for building on that site was accepted by Argentine structure bureaucracies.THE BUSINESS incurred income tax expenses $0.7 million in the first quarter of fiscal 2011, compared to no taxes paid for the first quarter 2010, because of the 15 percent tax rate imposed effective January 1, 2011. For the first quarter ended January 31, 2011, net income increased 48.3 percent to $10.9 million, or $0.29 per diluted share, from $7.4 million, or $0.20 per diluted share for the same period a year ago. Financial Condition THE BUSINESS invested significantly during the first quarter of fiscal 2011 to improve its future production capacity and R&D resources and enable future growth in output.6 million was invested in the exceptional rights to ginseng production from 6,667 hectares of ginseng-producing property for another 30 years and 67 hectares for ginseng agricultural research.6 million was committed to the property use rights, home and plant for the business’s Ah City facility and approximately $1.9 million in obligations were made for Ah Town Phase Two projects for Siberian Ginseng item development and industrialization.4 million and total current assets of around $46.4 million.