Viropro, Inc. (VPRO)

[alias7]

Bankruptcy is the ONE operative word. Viropro is the parent company. Viropro not a creditor as Bruce says; Viropro responsible for all Alpha debts. Because Viropro is 100% share holder and totally controls Alpha and Alpha has no independent control; there is no corporate shield. In NYC court proceeding SH claimed Viropro had legal responsibility to pay all Alpha debts, electricity, security, etc. CT tried to assert Alpha separate corporation; Judge brushed that aside. Viropro is parent company. All Viropro assets will be held liable for all Alpha debts. Receiver will go after Viropro. Alpha in involuntary Bankruptcy, so Viropro in Bankruptcy. Note that Viropro has not earned a dollar in 10 years. All Bruce can do is blame CT; as if CT could magically produce millions of dollars. The only way to prevent this was to go forward with Vivo deal that CT put together. Since Bruce advised SH to remove CT; Bruce has brought Viropro into Bankruptcy. The only business plan that Bruce has is to blame CT. See how far that gets Bruce. Next step is creditors of Alpha have receiver appointed for Viropro. Since Viropro has no business and can't pay Liabilities ( Alpha liabilities) ; the Judge will appoint receiver for Viropro. When Viropro has a receiver appointed (involuntary bankruptcy) Bruce will issue the exact same statement; we had plan to reorganize and this all CT's fault. Now we see huge folly of Datar deal to make Viropro parent company for Alpha; Viropro sucked into Bankruptcy as can't pay Alpha debts.