One look at the BXI chart and it will describe the progressive lloss of
value due to the continued failures and inability to make a deal
it is a rude awakening not from Foodhawk but from the market players
it now remains to be seen whether the plant sale can be consummated by BXi in a timely manner for sufficient funds to address immediate debt or whether the creditors will take control in a foreclose
I suggest you read the April 2013 M & D to see just how much overall debt there is.
Do not forget the 3 million debenture of Nov 2012 that pays 12 % to insiders that is secured against assets
if the plant sale only brings in 10 million on a urgent fire sale to retire the 7 million Romspen loan due June 19 2013 then there may not be enough to pay CS $ 250,000 to keep on talking to himself and unkown others on a daily basis
Anybody remotely interested smells blood and will act like the vultures do