Investigation commitment.... will be "forgotten"?
"....Concerned Shareholders commit that a new Board will investigate the historical actions of the previous regime in an effort to recover shareholder value....."
(....TORONTO, August 8, 2013 – The Concerned Shareholders of Bioniche Life Sciences Inc. (“Bioniche”), William (Bill) M. Wells, former Chief Executive Officer of Biovail Corporation, and Greg Gubitz, former General Counsel and Senior Vice President of Corporate Development at Biovail Corporation (the “Concerned Shareholders”), today commented on Bioniche’s plans to undertake an expensive and highly dilutive equity financing, days after telling the Ontario Superior Court that it would carry on only in the normal course of business prior to the Special Meeting of Shareholders, scheduled to take place on November 5, 2013.....)