Post by
fairdeal4usall on Jan 20, 2014 12:36am
Important
I was a fool like many that thought this might be a restructuring rather than designed robbery. It is important to remember that the real debts got paid off and this latest claim is from the convertible debenture holders (consisting of past insiders of the company). The company was not really bankrupt as these debt were not due yet and the interest would easily have been made up from existing funds or a simple top of from shareholders. No reason to give away the company and the original exemption was for 5 million of debt that was paid off with the less important hard asset sale. All things canola oil related have gone up a lot over the last couple months. Royalty companies can get huge value with minimal G&A expenses. With the IP we still have huge value in the right market it is just about survival until the value is unlocked, this is being stolen from us because retail investors are never respected by companies or the regulators. We were fooled by misleading statements and I am willing to join any class action against any of the past directors of this company but if we can stop this theft of our real asset I want to keep that much alive!
Comment by
suessholz on Jan 20, 2014 5:11am
For me its smell like : its a long way to register all the patents and trademarks and to get the final approval for it - why not to open a company lets say BIOEXX let the sharholders carry the risk of all this - if it works, we scrap BIOEXX and move the Patents to a 3rd party.
Comment by
1320racing on Jan 20, 2014 8:52am
This post has been removed in accordance with Community Policy