GREY:BITKF - Post by User
Post by
Tigers21on Dec 02, 2005 5:13pm
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Post# 9958510
Was Allburg at arms length
Was Allburg at arms lengthIF not then it should be questioned. What did Allburg do to warrant a 25 percent cut of the GROSS....THe gross ...? And why isnt it simply paid off...per the other financial arrangements...and Why isnt it funnneling money that it is now starting to get..off the GROSS profits back into the money used to move bio forward.
And the non cap loss...with such a large non cap loss...and yes there can be tax write offs....why is Allburg getting a skimoff of 25 percent of gross profits NOW....not just net people..but gross..NOW?
Howmany signatures were involved in the Allburg set up?
How can the current directors allow this to persist?
And where are the non consolidated financials..the ones that will actually show you what you need to know...and will show you if Allburg has contributed in proportion to what it is now going to take?
Why arent the Allburg moneys being recycled back into ongoing costs that the Shareholders are presently carrying re those sell offs by RR. Maybe RR could ease off..if he started funnellling Allburg gross profit cut...back into the pool.
And are you aware that in all likelihood rothe pharma is the operating entity...lets see what name is on the pkgs...of sucanon?
And then see who gets what written off...is it just Allburg that gets the cream..etc...
Even 25 percent of net would be better than 25 of gross...and in addition I would want to see that money getting funnelled back rather than the ongoing raining of shares to raise more cash...
So was this a PP arrangment of RR's...and if as we have discovered he has signed off on money issue as a single signature until the tsx scrutiny...why would the Allburg arrangement be any different.
This only becomes clear with the non consolidated financials..and yes shareholders are entitled to this..or they dont have the full picture....Rr actually owns 50 to 60 percent the the rest of us..the remaining...but what is Allburg contributing..to warrant that off thet top 25 percent gross profit cut...when the shareholders are carrying the burden of raising the cash via RR's sell off's. Which also impacts on the Shareprice.....How do we turn this around folks?
Can someone else plse write to the tsx..and other authorities..and we need to keep digging...those consolidated financials dont tell the full story..they hide it. If RR wants to keep bio trading as public company then adjustments have to be made now...while he still needs the public component...etc....