Viropro, Inc. (VPRO)

[Bepractical]

Biosidus, Onco, all of that was from the last management team and nothing ever materialized. In addition, the terms of such agreements was unclear and was one of the reasons that prompted the recent litigation.

The new management in place today won litigation against the previous team basically citing they did not act in the best interest of shareholders and their fiduciary duty as an officer. The court filings have a lot of data but some of the critical arguments were sealed an confidential. If you are really interested in understanding the background of the company, spend some time reading through the ligitation and you can see the perspectives from both sides.

So, if you are new here, consider the court ruling of the new management team taking over and the previous team being ousted as day one, while there is still civil litigation against the previous chairman Tsai and many more loose ends and fixing of the previous teams 'damage', the company essentially has an Production operation facility in Malaysia and intellectual property, both can be considered valuable, they need a contract which the new team was pretty explicit in their letter to shareholders, the good news is they have the financial means and support of the majority shareholders, whereas the last team did not.