Viropro, Inc. (VPRO)

[alias7]

Ct wanted to replace Sorensen and Peake and appoint 2 new board members, one of whom was going to be Bruce Cohen. SH said everybody doing good job, all 4 should stay and Bruce Cohen should come on as 5th director. It was realized that if Bruce Cohen appointed his first act would be to join Sorensen and Peake and remove CT as CEO and Chairman. SH only had 46% and did not have legal right to change who was running company. Also at time there were great deals in place which would make retail shareholders a hundred million dollars and those partners would walk away after Cohen, Sorensen and Peake voted out CT as CEO and Chairman. The point was removal of CT would leave Viropro in dire straights and brink of bankruptcy. The removal of CT did leave Viropro on brink of bankruptcy with liabilities greater than assets. That's why share price was down to .0013 few months ago. Bruce Cohen did great job in rescue from bankruptcy. At the time Bruce Cohen had never heard of Viropro; he was just the new Chief SH brought in to run Viropro. The issue is SH motivation and this was not understood until realized SH just controlled by Malaysian government.