OTCPK:BIOAQ - Post by User
Post by
Mrtkr1on Feb 15, 2018 5:09am
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Post# 27563029
Agree With Rock
Agree With Rock Payroll and compensation is insane here. They should sell 51% ownership to Cargil. Pay some debt, have some operational cash and most importantly have a partner who can help fix your operations. Th guys from Cargil would put all these fat cats in line. Thankfully they haven’t started building the 2nd plant as the government has not been forthcoming with loans. Let’s see the first factory produce positive cash flow for a year or two before thinking about expanding. Repeat after me: DONT SPEND MONEY YOU DONT HAVE! How about this, 2nd factory comes when you have ZERO debt. Simple idea!
In my opinion, the managment team is quiet because major institutions are putting the hammer down and letting these guys have it. If I had to guess, they are also buying up shares so they can have majority and make changes to the board. Think about how upset we are for losing $5-$10k. Now amplify that frustration and anger as those funds have lost 100s of $1000s. No one likes to lose money. Particularly these funds who make huge premiums to protect investors equity. You will see major changes with this company very soon one way or another.