Thursday, April 17, 2014 9:26:15 AM
1. This public company was flat broke and did not
have a business
2. The patents were ideas. They were not worth
anything because it was not practical to
develop. The return on investment of
developing the ideas was uncertain
3. A lot of people lost money and were frustrated
4. The company was deep in debt
so:
The company had no real bargaining ability with any
real company to do a merger of any type with, at
least a company or idea that would have the ability
to make enough money to pay its expenses and bring it
out of sub-penny land and provide shareholder's a
opportunity to have value
therefore:
The company balance sheet had to be cleaned up as
best as it could first, so as to give the company
the ability to bargain with a profitable business
which could bring value to the shareholders. This
was difficult and took time and patience.
What people have to remember here is, that is company
is a share company and is an investment.
All in my most humble opinion.
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM