Bourque Industries Inc (BORK)

[kbbccandyman]

Sure is interesting how BORK issued the convertible preferred stock to Ironridge, since they didn't have any to issue and the only convertible preferred that was registered were issued to JB. So that chunk of stock had to come from JB.

I would love to see the details of that transaction.

The financials for that period did not show any cash received by BORK for that stock. So I guess JB issued the stock back to BORK
... so BORK could issue the stock to Ironrigde. So, I guess JB got some kind of benefit in return for indirectly giving the stock to Ironridge.

If BORK files Banckruptcy ... maybe then we can get a look at the
"real financials" of these highly questionable transactions.

JB will not allow BORK to go into banckruptcy for just that reason.
And he has probably sold enough stock to have a nice chunk of cash
still available to keep the boat floating till he gets out. BORK can't do any deals with anyone because BORK has no capabilities of any kind ... so JB just needs to keep it alive till he gets out
and can re-connect with his buds at Ironridge. Then the pumping and "dog and pony shows" will start anew.

And don't forget about JB's old buddy Jared METZ (who is actually a Swiss citizen). He was the guy who set up a temp business operation in London a few months after the "great dilution"
and then mysteriously shut it down a few months after that.

You think maybe that was a way to move a large amount of money offshore ... for some reason ... ya think.

It is like Sean Floyd said in his last post ... "follow the money"

You know guys ... we have been totally screwed and it was all intentional and scripted. Sean knew it and that is why he got out of there right after Schizzler arrived on the scene and the Ironridge funding deal was struck. He knew if he stuck around and someone pulled the trigger on the legal front ... he might end up
wearing stripes and living in the "big house". Schizzler moved on because BORK didn't have much treasury stock left that could be issued for services to cash in on and he knew the Ironridge funding deal was not going to be an ongoing funding operation he
could get a piece of ...

So, the question is ... when is Ironridge going to cash in on their convertible preferred stock ... and how in the world will BORK be able to service the conversion with only a minimal amount of common stock left in the treasury. WOW, that would create a real legal issue would it not. But I would guess Ironridge is not going to redeem until after JB gets out ... Then they can clear the decks in one fell swoope.

C. J. Condom just needs to keep a lid on things and don't stir up anything till JB gets out ... then we will see the grand finale!!