Post by
Vanadium23 on Aug 05, 2020 9:50pm
A Plan Against Us
We as stockholders are being totally destroyed by the actions of CellCube. It is incredible the way the press release started, "CellCube is pleased to announce" that we have given away our multi million dollar company Enerox for free, in other words nothing. CellCube received absolutely nothing except a 10% tip. This is completely opposite of what the term sheet started with. Bushveld promised to pay about $12,000,000 to CellCube. Perhaps Bushveld will pay that eventually to whomever gets control of CellCube or another company that may appear. By failing to make the payment as promised, CellCube is placed in an uncompromising position. For instance without any payment at all from Bushveld to CellCube for Enerox, the $4,400,000 convertible debentures are in default. Well this can easily be avoided by Bushveld paying for Enerox. In the very same breath, the company states they are already in discussions with the Debenture holders with regards to potentially monetizing CellCube's assets. Sounds like a well though out plan unless you are a CellCube shareholder. As usual the company will try every excuse in the book in order to avoid completing the audited financial statements. This time they say that due to a lack of funds the company is not in a position to pay the auditors to complete the work on the audited financial statements. As a result, the company will not be in a position to rectify the cease trade order until its financial position improves. Bottom line is that there is no shortage of funds if Bushveld pays what they agreed to and not "0" as CellCube has indicated so far. All of their reasoning is unreasonable and perhaps some sort of a plan against present shareholders.