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Re: johnkenny post# 18147

Saturday, 10/04/2014 2:55:54 AM

Saturday, October 04, 2014 2:55:54 AM

Post# of 29254
This major new step. First step was seizure building. Second step is now done which is appoint Receiver and Manager of Alpha Biologics corporation. Big legal difference between a building and a corporation. The next step is take over Viropro, the parent corporation. This 3 separate and distinct legal steps. Now, SH share holder derivative suit in NY Supreme Court. The next step will happen in that same Court, Receiver and Manager will Petition Court to appoint Trustee for Viropro Inc. Trustee will be appointed for Viropro Inc and the Trustee will have total legal control Viropro. Bruce Cohen and new Board are then ousted. Then Court appointed Trustee deals with all creditors from Alpha Biologics plus all creditors of Viropro inc.