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And please understand a royalty is paid as a percentage of sales,
not a percentage of the profits.
An easy to understand math example:
Assume BORK sells 1 billion dollars of product an realize a 30% profit on the sales of 1 billion dollars.
The profit is.................................... $300,000,000
Less JB & CJ 10% royalty......................... (100,000,000)
Less Thomas Hansen 10%........................... (100,000,000)
Less 10% private party operations financing ..... (100,000,000)
BALANCE OF PROFITS AVAILABLE TO BORK.............. -0-
So, if these side deals involve royalties that are perpetual as many royalties are ... They will insure that BORK industries will never ever show a profit no matter how massive the sales are.
As a matter of fact this type of royalty structure could force BORK into bankruptcy. And guess who will be flush with tons of cash and be in a position to purchase all of BORK for pennies on the dollar and ride off into the sunset with everything and leave all the "hurting in the dark shareholders with absolutely ZERO
and no recourse. The game is over with JB buying 100% of BORK with your money.
This is a serious and dire situation you may find yourself in. In my opinion this is the perfect business plan for JB to enrich
himself at your expense with JB laughing at you all the way to the bank.
Think about this folks... it's serious and it is real!!!!!!!!!!!
Gotmilk's quote
"So now looking ahead a year after all "side deals" have been payed and profits can be obtained from revenue from sales that constantly increase over the year, that the Market will view this company in a different and positive light and push BORK to levels of a successful company without that current baggage the Candyman correctly says we have today."
So, would it not be prudent to know the details of these side deals
to determine when the deal is paid-off or are some of them perpetual
and never ending.
JB has yet to prove himself trustworthy. Disclosing the details of these side deals would be a way to begin to build trust.
Come on JB ... How bad are these side deals that prevents you from disclosing the deatils. With your history of screwing the shareholders ... I must assume the worst until you prove otherwise.
You are correct. But how can any sale be profitable if large percentages of the revenue are diverted to those holding receipts
for JB's undisclosed side deals?
You may say what side deals?
.....Building lease agreement with Thomas Hansen leasing a building
for $500 per month FURNISHED when the average lease in that area
would lease for over $13,000 per month UNFURNISHED. What percentage of the revenues will he get for his contribution?
..... The private party that is financing the expense of all the professionals working at the new facility along with the necessary
other operating expenses like utilities, telephones, office supplies, testing supplies, the magic dust. What percentage of the
revenues will they get for their contribution?
..... Then there is JB who is no longer on a salary. What percentage of the revenues will he receive for his contribution?
..... Then there are the hurting in the dark shareholders. Will there be anything left for them for their contribution.
Come on folks. These are the things you need to know before you even start getting excited about BORK being able to provide any
return of your lost investment dollars.
After all JB thinks you are his shareholders and your investment dollars belong to him. He even said as much in one of his tweets recently posted on this board.
Wake up folks ... JB is still the lying, cheating scum bag he has always been.
If BORK sells $1 billion worth of KRYRON based products and does not make a profit or possibly loses money... how will that be of any benefit to the shareholders?
And yes ... JB and BORK are toxic in the tactical armor industry
JB you just keep on tweeting. What you say is very telling.
Well Philly if they provided info to me about these undisclosed side deals that showed that JB has not totally given away the farm ... Then I could be more positive and hopeful about the success of KRYRON would be of a benefit to me via an increase in the share price of the BORK stock. For some reason JB only tells half the story. And the other half of the story is what makes my investment in BORK worth near absolute zero.
There is a reason he operates under the cover of darkness. He wants us to believe that all this recent hard work at the new BORK research facility will lead us to believe BORK will achieve revenues
and profits that will cause the stock price to rise ... which is a false message because I believe all the future revenues have been promised to others and no matter how great the revenues are they will never benefit the hurting in the dark shareholders.
Some amount of honesty and integrity and disclosure, although not specifically required by law, would go a long way in building some positive attitudes towards JB. JB has royally screwed the stockholders for the last 5 years and every time it has been the
undisclosed side deals that enriched himself and his co-conspiritors and left the hurting in the dark shareholders in the dust with nothing.
There you go. You believe Thomas Hansen is a smart guy who believes in the potential of KRYRON and is willing to trade the balance of the market rate lease revenue for a percentage of future revenues
of KRYRON based product revenues. I agree totally with you on this decision Thomas Hansen has made.
But then as a shareholder or potential investor ... I would absolutely want to know what percentage of the revenues Thomas Hansen will receive before I would decide whether I would buy more stock, sell my current stock position.
This begs the other question ... Why will JB not disclose any details of this agreement or any other side deals he has made
that will siphon revenues from a potential BORK revenue stream.
Simply because this would show a great majority of any future revenues from BORK's KRYRON related revenues has already been directed to others and will not be retained by BORK which will leave the hurting in the dark share holders with nothing but a 100% lost investment. This while JB and crew along with those holding receipts for the undisclosed side deals will walk away with what you would think should propell BORK share price up
thru the roof to the place where the hurting in the dark share
holders could see a gain on their investment dollars.
But, I believe the royalties contracted with these side deals
will consume all of BORK's future revenues no matter how massive the revenues would be.
This is how JB has operated for the last 5 years while he controlled BORK and probably long before that.
He is still the lying, cheating, drunken, corrupt scum bag he has always been. And he will continue doing this until someone drops a petition on him and at least stops him from getting more of our investment ... what little there is left of it. And maybe stopping more people from putting their hard earned money down this black hole called Bourque Industries.
And Juan Mendoza's job is to make sure these side deals never see the light of day ... as directed by JB. And I must say he has done a very proficient job of doing that.
Mr. Philly very simple.
If you had an asset that would generate $160,000 in annual revenue
would you place this asset in a position where it would only generate $6,000 in annual revenue?. Simple answer is no ... no one with a brain would ever do that.
So, why did Thomas Hansen do that exact thing. He owns the 8,000 sf building and is leasing it to BORK for $500 per month which totals $6,000/yr. AND THE THE BUILDING IS FURNISHED.
The average annual lease rates for the Phoenix/Mesa metro area are in excess of $20.00/sf per year for UNFURNISHED LEASE SPACE. So, at $20.00 per Sq Ft. that same building should be leasing for about $160,000 per year plus more for the space being completely furnished.
So, you tell me why Thomas Hansen is leasing a building for $6,000
per year when it is worth $160,000 a year. It must be because he is stupid or stark raving crazy or there is something else in the lease agreement that has not been disclosed.
However I do agree with your statement that JB must be a master manipulator. He is also a liar, a cheater and a scum bag. Just ask all the former employees of Bourque that never got paid the wages they were promised. And there are many people who believe like you said ... his evil. Those who know him would disagree on him being a genius. JB thinks he is a genius and all stockholders are stupid
and that what ever money they have invested into BORK belongs to JB. And that comes from someone who knows JB and has worked with him at BORK
"(less we forget) On April 16, 2015 ... Mr. Bourque's royalties were increased from 5% to 9% with a 1% royalty being assigned to Carol Condon, the Company's Interim CEO."
Mr. Milk ... Would it surprise you, if you were to find out that
JB had C. J. Condom put that in the financials for the sole purpose
of leading the "hurting in the dark shareholders" to believe that
JB sincerely believed that BORK was actually about to achieve a large revenue stream from sales and he (JB) being greedy wanted a bigger piece of the pie for himself. That would make all the "hurting in the dark shareholders" believe all this work being done by professionals at the new Bourque Research Facility was actually going to bear some fruit. So we the "Hurting in the Dark Shareholders" should hold on to our stock and maybe even vbuy, buy, buy some stock while it is cheap?.
Oh, please tell me that could not possibly be true that the "new
clean ans sober JB would not stoop that low and try to deceive and manipulate the "Hurting in the Dark Shareholders" into believing something that is not true. Oh, please tell me JB would not do such a thing. Or better yet, ask Juan "the secret agent man" Mendoza if that is true. He is a straight shooter (or at least he thinks he is) he will tell you if that is JB's motivation.
If those who have invested over $100,000 in BORK were to discover that the undisclosed side deals JB has made would siphon off 95%
of all future revenues from the sales of KRYRON related products
would they take legal steps to shut BORK and JB down even if they knew they may not be successful in court ... but just to make sure JB and his co-conspiritors could not get their hands on the ill-gotten gains. I think they might and may join with others in similar
circumstances.
That is one reason why Juan Mendoza is there to make sure these things never see the light of day. If any of JB's side deals were disclosed ... this run-away-train JB is driving would jump the tracks and come to a screeching halt in a heart beat.
BORK's tactical armor is worthless to the hurting in the dark shareholders. It is worth something to JB as he issues himself company stock in great quantities ... which he in turn can redeem for cash. But BORK can not sell any of it in any quantities that will result in profits being retained by BORK. Sadly any profits retained by BORK from the sales of any KRYRON based products will immediately be given to JB and his crew, leaving nothing for the benefit of the shareholders.
So, KRYRON may be real, but it totally worthless to me as a stockholder. Jb will always find a way to siphon off every penny in revenues as well as every share of stock in the company treasury to enrich himself, the insiders and those who hold receipts for undisclosed side deals.
Reality heck folks ... your investment dollars are gone and will not return as long as JB is in charge.
Simply because JB has made himself a public figure...
The milkman has nailed it all in one post that should be easy for all to understand that can be summarized by saying ..."JB's new and improved dog and pony show" has failed because all he needed to
dump was a share price increase of a few pennies and that was a classic fail ... using I-hub posters to view the staged progress
in advancing KRYRON.
So now comes the final desperate scam using Lorena Valencia as the new actor/actress to falsley manipulate the hurting in the dark
shareholders into thinking the KRYRONIZED WIRE will soon hit the market place and create a massive revenue stream for BORK.
The scam should go something like this:
.....Do not make any official announcement of her position at BORK.
.....Introduce her as the new Pres. to I-hub visitors.
.....Later make an announcement that Reliance Wire and Cable
owned by Lorena Valencia has entered into an agreement with BORK
whereby "Reliance" will manufacture and distribute KRYRONIZED WIRE PRODUCTS WORLDWIDE.
..... Have some experts in the wire and cable industry make statements about how the testing at the new Research Facility
has validated the capabilities of KRYRONIZED WIRE.
.....Of course Lorena Valencia will also be making some public statements only as a spokesperson for "Reliance" not as the Pres. of BOURQUE INDUSTRIES.
BAM ... PEOPLE WILL ACTUALLY BELIEVE BORK HAS MANUFACTURING AND SALES with the BORK BULLIT TRAIN READY FOR TAKE-OFF having already been loaded with hundreds of barrels of MINTY-GREEN TEA
on board.
BAM ... you will hear the never ending chants of buy, buy, buy
bork while you can still get it for less than a nickel.
Then we will hear about possible locations where manufacturing
is to begin ... this from Reliance Wire and Cable. The Reliance website states they have manufacturing capability at over 200 locations across the globe. This will make it difficult for I-hub posters to visit and witness KRYRON WIRE being made.
Stock price rises on false info & JB and crew begin the dumping
all while continuing the scam with statements about more possible
uses for KRYRON wire followed by more encouraging statements from
Reliance Wire and Cable.
When JB & crew are done with the dumping and BORK is back down to a penny we then find out that BORK never sold any KRYRONIZED Wire to Reliance Wire And Cable. Nor did BORK make or sell any of the magic dust to Reliance Wire and Cable so they in turn could make KRYRONIZED Wire Products.
Then JB and Crew ride off into the sunset with not side-kick Tonto
but with open an honest security chief Juan Mendoza.
Then maybe all will really understand how we were lied to, cheated
and treated like dirt
apparently the milkman and I are hitting the reality of JB and BORK to the extent that JB is sending out his surrogates to this board
in an effort to stop the truth from reaching a new generation of potential new investors who may think about a possible investment in BORK stock. Some here may criticize what we may post about JB & BORK, but I consider it a PSA ... public service alert that will hopefully prevent other un-knowing investors from throwing their hard earned money down a black hole.
Then some say these comments will not be helpful in possible re-couping my lost investment. To which I'll say that even if BORK is successful in creating a massive revenue stream of profits ... those profits will be given to those who have the undisclosed side deals with JB and never a dollar of revenues will be posted to the bottom line for the benefit of the "hurting in the dark shareholders"
JB has it structured to where the only recipients of a BORK success will be JB, his small group if insiders and those who hold the receipts for JB's undisclosed side deals.
KRYRON may not be a scam ... but the way JB has BORK structured is a scam.
Juan Mendoza is in his place to provide the illusion that BORK is communicating with the hurting in the dark shareholders while in reality his job is to keep the wolves at bay while JB continues
to screw the shareholders operating under the cover of darkness cutting undisclosed side deals with others who if BORK can create a revenue stream will direct the revenue stream to those side deals.
Or issuing huge amounts of newly issued stock as payment for their services.
The consumption of revenues or issuance of newly issued stock leaves the hurting in the dark shareholders in the same place with their total investment worth nothing
Sorry to bust your bubble, but that is not in the plan for BORK because that would require a massive amount of capital for testing and validation, establishing a corp. structure for R&D, manufacturing, ongoing quality control, sales and marketing planning, warehousing, distribution, inventory control, admin & accounting, warranty & customer service. This would be a long term and intensive effort that would require a lot of hard work from a lot of hard working professionals. It would also require open and honest executives with at least a modest amount of integrety to lead by example or everything previously listed would fail to perform.
Now can you for one second believe JB would ever commit to that type of undertaking just for the benefit of the shareholders? Seriously ... trying to do something like this could actually drive someone to drinking.
Wouldn't it be a lot easier for JB to try and spark interest in KRYRON from a new generation of investors who may buy into BORK and drive up the share price so JB then can dump, dump and he makes his money and heads off into the sunset with Tonto & the Lone Ranger.
KRYRON may be the real deal, but JB is never going to be the one who will be able to do the heavy lifting and make the long term committment to bring it to the market and make money the traditional way. He is more the WHAM, BAM SCAM YOU MAM KIND OF
GUY AND HE HAS PROVEN THAT MANY TIMES OVER.
Come on folks it's like down in Texas in the oil business ... at some point you need to quit putting more pipe down in a dry hole
It's incredible that JB is spending his time tweeting about KRYRON tactical armor which he will never be able to sell except for maybe one here and one there.
Sad truth is that everyone in that industry knows about KRYRON and JB and they don't want anything to do with either of them. So, JB ... keep banging your head against the tactical armor wall till you knock yourself out. That KRYRON application is dead in the water
and you know it ... so move on to other applications that may be possible to to make it into market ... like the wire or heat sink.
Or go back to the bottle and stay drunk all the time.
There is a possibility that some of the KRYRON applications may make it to the market and be successful, but I don't have any confidence that that success will provide any benefit to the "still in the dark shareholders" as all the revenues garnered by any KRYRON applications have already been given to others and they will be laughing all the way to the bank while us shareholders will be left holding the EMPTY BAG having been lied to, cheated and treated like dirt.
gotmilk has hit the nail square on the head with this statement. This statement can also be applied to the agenda of JB and every BORK insider. If by some miracle BORK is successful and attains sales in the billions of dollars it will never benefit the stockholders a single penny as I believe those revenues have already been committed to others by means of JB's undisclosed side deals.
As far as Lorena Valencia ... she is a bright business woman and will most likely be enriched on both ends of and KRYRON wire sales. I would guess as payment for her services she will be the exclusive sales rep for this KRYRON application with her company Reliance Wire and Cable being the exclusive distributor. BORK will pay her a percentage of sales to her company and she will retain the revenues when her company sells KRYRON wire products to the market. Question is how much of the KRYRON Wire sales pie will she get paid?
Same question for Thomas Hansen who is providing the new research facility at a $154,000 annual discount to BORK. How much of the pie will Thomas Hansen get???
Same question for the private party that is paying for the professional staff and operating expenses at the new facility. How much of the pie will this private party get???
If I could get truthful and complete answers to these questions
which would show the entire pie or in this case, the total revenue from sales would provide for some of the revenue from sales not be totally consumed by others and available to BORK as profits ... then I may change my attitude to slightly positive. But history tells me that JB will find a way to make sure there is not a single penny left behind for the shareholders. That may be called retained earnings which will be zero or more likely a loss which will never elevate the stock price by even a single penny
..................................................................
"I'll exclude Lorena Valencia, if she really is the new President, but it matters not either way since she has her own single agenda to be associated with a successful Bourque Industries (Kryron) and cares not for one moment if the Hurting in the Dark Shareholders are screwed in the process."
This is a message board to discuss things happening at BORK. So what is there to discuss about BORK? Not much as JB/Bork continue to operate in the dark and providing near zero details about operations. The only info provided about BORK is from those who hold a positive or non-negative opinions of JB/Bork that are allowed to enter BORK's research facility and are allowed to see and hear only what JB allows them after they agree in writing not to disclose what they see or hear while being allowed to enter the BORK facility.
So, the facts or details of what is happening at BORK by design never sees the light of day. The result of what is being discussed here on this discussion board can only be speculation. So, by operating under the cover of darkness, JB/BORK is feeding the speculation. If JB/BORK does does not agree with or want the speculation they have the power to stop it by providing specific and truthfull information.
Will the truth about BORK and/or KRYRON benefit JB personally? So, why are we hearing nothing from BORK/JB or JB's personal mouth piece Juan Mendoza?
What I'm saying is with all the undisclosed side deals JB has cut
with:Lorena Valencia ... salary for new BORK Pres.
..... Thomas Hansen, owner of the new BORK research facility.
..... The private party funding all the employees and other operating expenses.
If all these entities get a % of sales/revenues there will never be any profits even if sales go to the billions. In other words JB has already given away all the pie and there will never be any earnings
to drive up the share price and you will be like Yosemity Sam wondering where the rabbit (or in this case the money) went.
I'd like to know how Juan Mendoza is going to explain this because he won't be getting any pie either. Juan, I know you read this
board ... so how are you going to explain this or you just ging to crawl into a hole and hide
Lorena Valencia appears to be an intelligent person and knows a little about business and she knows you don't work for free. So, how much is she getting paid as the new Pres. of BORK? How is BORK going to pay her for her services. Or is she going to trade a salary for a piece of the pie from any KRYRON wire sales?
Is Thomas Hansen (the owner of the BORK research facility) going to trade the $154,000 annual lease discount for a piece of the pie
from KRYRON product sales?
The party that is providing the funds to pay for the professional employees and operating expenses in the BORK research facility ...
are they also going to be repaid with a piece of the pie from any KRYRON sales?
What other undisclosed side deals has JB entered into that will cost BORK more of the pie?
I'll go out on that limb again and say there will be no pie left
no matter if the sales revenue is in the billions ... the "still hurting in the dark share holders will never get ANY pie.
And the sad truth is that is OK with JB because all this KRYRON is all about JB getting paid and to hell with the shareholders.
I can confirm what JohnII stated following his visit to BORK that she was introduced to him as the Pres. of BORK.
Refer to Post #24266 on 2-22-2016
If the person John II referred to in post #24266 is Lorena Velencia
... She is also the owner of Reliance Wire & Cable, LLC
Lost he 2nd half of the post:
The average cost per sf per year for unfurnished space in the greater phoenix area is above $20.00 per sf per year.
BORK is paying only .75 per sf per year. That means the properrty owner is undervaluing the property by $19.25 per sf per year.
So, 8,000sf x 19.25= $154,000.00 per year. Why would Thomas Hansen
the property owner leave so much on the table unless the rest of the undisclosed lease agreement calls for Hansen to be pain a % of sales or profits.
Then we have Lorena Valencia of reliance Wire and Cable. How is she going to get paid ... ya think ... another piece of the pie going South. Then who ever is financing the expense for professional employees and operating expenses is going to want a piece of the pie.
So when all of JB's undisclosed side deals are paid ... guess what ... yup you got it ... there is no pie left for all us "still hurting in the dark shareholders. So, BORK operating under the cloak of secrecy with all the new found positivity still offers us no promise we will ever get paid by an increased share price because none of the revenue from sales will ever go to the bottom line. Sad but true.Just my humble opinion folks
gee ... gotmilk ... I hope you are not surprised. You see Mr. Juan Mendoza is being used as a tool to keep the wolves at bay and at the same time giving the illusion that BORK is communicating with the
"hurting in the dark shareholders".
Here is something that does not make sense:
- Bork is paying $500.00/month rent on that 8,000sf building
That works out to .75 per sf per year with the property
being furnished.
- The average annual per sf cost to lease UNFURNISHED
WOW ... Lorena has been there for 8 months and with all the other I-hub folks that have been to BORK, this is the first we have heard of
her. Has anyone else met her when on a visit to BORK. Would Lorena have a last name?
Bottom line is BORK will not release any info about Kryron to potential customers so they will not be able to determine if Kryron would be suitable for their intended use of Kryron. This is exactly what happened with Ultra Armor when JB would not or could not answer basic questions about the physical properties of KRYRON. Ultra Armor was trying to determine whether KRYRON could be cut, welded, shaped, molded or bent. Ultra Armor decided if BORK would not provide such basic info about the product, they were not going to spend any more time or resources investigating the product. Ultra Armor also ran a detailed background check on JB and found things that have never been mentioned on this board which would prevent Ultra Armor from ever having any dealings with BORK or any entity that JB was involved with. They said dealing with JB would destroy their high level DOD security clearance.
Never going to get any customers with this cloak of secrecy will not provide a foundation for confidence in the Technology.
And why pay JB for more intellectual property relative to tactical armor as it is worthless to BORK as BORK is toxic in that industry
and all the major players in that industry know it!
WOW ... did nay one else notice we have one new follower to the BORK
I-hub board. First new follower in over 3 years. My question is ... have they already bought into BORK or just thinking about it. Any way you look at it ... it is good news for JB as he has sparked some interest in his scam.
Milkman ... next time you converse with "Secret Agent Man Mendoza"
could you ask him who is paying the electric bill at the New Research Facility.
JB could give a rats ars what the share price is ... as long as he gets paid ... so look for another authorization to issue more stock
so he can pay himself for some kind of phantom services he provides
to the company. What ever he does to get paid ... he needs to do it fast as poor ole JB is running out of rope.
It's interesting that over two years ago this I-hub board had 211 followers and here we are today with still only 211 followers. So it appears as though the news of JB and BORK acquiring a new state of the art research facility staffed with real professional employees, with JB clean and sober with new positive energy added to the new intellectual property developed by JB added to testing of new KRYRON applications yielding positive results has garnered zero interest
from outside the existing I-Hub posters.
So, the staged and scheduled visits to the new facility followed by
the positive comments on this board by the select few posters who were selected to have access to the new facility have yielded zero interest in BORK or the "new and game changing technology" embedded in KRYRON.
So, what is the next move for JB in trying to create ANY interest
in BORK or the KRYRON technology. As the point of all this KRYRON stuff is for JB to get paid. So, since JB needs to get paid and there is zero interest that could elevate the share price of BORK stock to the level that JB could sell some of his stock in order to get a meaningful amount of cash from the sale of his stock.
With the share price so low, JB would have to sell "a pot load"
of stock in order to realize a meaningful amount of cash. Also in selling a large amount of his shares could render him with not enough stock to maintain total control of BORK.
So, JB may have to come up with some other reason or service to provide BORK for which BORK would pay him another massive amount of stock. Problem with this is that the BORK treasury is just about "bone dry" as far as having any stock left in the treasury
to pay for services.
So, how long will it be until JB has BORK authorize the issuance
of another 500,000,000 shares of stock followed immediately by another massive issuance of stock for some type of phantom services provided by JB to BORK?????????
A) 30 days
B) 60 days
C) 90 days
D) 10 days
I would select "A"
What do you think????
Yup ... it don't look good for Mr. Mendoza. I wonder how much longer
it will take for Mr. Mendoza to realize he is being used as JB's tool to keep the WOLVES at bay and spread JB's false message. Only after he comes to the conclusion that he is JB's tool will he fully understand that JB is and always been using BORK & KRYRON as a vehicle to pay himself with eye-popping amounts of stock for his phamtom and worthless services.
Mr. Mendoza is a nice guy and probably believes he is doing something productive, so when he figures out what JB is really
doing ... he is going to be totally CRUSHED and feel the pain of betrayal. Poor guy ... then he will feel like a lot of us here on this I-hub board
Gee, why would Mendoza sell his stock? Because if he did sell and bought gasoline with the proceeds ... he wouldn't have enough gas to power a gnats motorcycle half way around a dough-nut hole.
Alvie ... JB and crew have never been committed to righting any of the wrongs of the past or the present. All they have ever been committed to was lining their pockets at the expense of the shareholders and it continues to this day. If you believe anything else ... well I don't know what to tell you. It should be clear to all that JB is not going to tell us the truth about anything relative to what they are really planning or anything they have done.
JB does not have much stock left in the company treasury to pay himself and C. J. Condom, so I look to another authorization of more stock so they can continue paying themselves with stock for their
services. As we speak JB is trying to come up with a new "How
can we fool them again Dog and Pony Show". This will be the same song 3rd verse. Enjoy the show folks.
And for Mr. Mendoza are you becoming tired of being JB's stooge yet?
Anyone seen any evidence of progress being made at BORK lately?
Maybe as a Christmas present for the stockholders JB will give us an update of some factual progress being made at the new research facility or release the patent filing numbers (for which he has been paid a handsome amount of Stock) so we can find out exactly what this intellectual property really was. Or maybe tell us about the sales numbers for BORK'S new high voltage KRYRON electrical transmission cable/wire. Or maybe he could tell us about how GE and Phillips are chomping at the bit to buy BORKS heat sink material for all their LED lighting products. Nope not a peep.
..........................REMEMBER...............................
.....Good news travels fast, bad news ... well not so much..........
WOW ... this could be great news in that if they put some past & maybe current BORK insiders under oath ... we might just get a tid-bit of truthful information for once. We might even find out how much money Mathew Schizzler pocketed for draining the BORK treasury.
The question if answered fully and truthfully would describe to all how JB operated in the past, what he is really doing currently and what he will always do if given the opportunity.
The question is: Who are all these people and entities & WTF did they ever do for BORK in order to be issued all these millions and millions of shares of stock.
The truthfull answer is: About 90% of these did nothing and provided no services to BORK. The only reason they were issued all these millions of shares of stock was they agreed to pay JB and a few select insiders a percentage of the proceeds of the sale of those shares of stock.
This is the only was JB will ever monetize KRYRON. And now to continue his SCAM he has sucked Tomas Hansen into the fray by getting him to provide an 8,000sf building fully equipped with testing equipment for a mere $500 per month (that equates to
6.25 cents per SF per month) plus an undisclosed percentage of the revenues or profits of the sales of KRYRON based applications.
Additionally it has been stated on this board that JB had secured private funding to pay for the technical personell, materials,
utilities, building maintenance expenses other operating expenses.
Now how do you think the "private funders" expect to be repaid
for the funds they are advancing to BORK ... that's right ...
they want a piece of the pie.
So, now that Thomas Hansen and the "private funders" have been sucked into JB's scam ... his KRYRON scam will continue until Hansen and the "private funders" finally come to the conclusion
that JB has no intention of ever selling any KRYRON based products.
Here is another question for you. Why was JB is such a hurry to authorize the issuance of an additional 500million shares of
stock and immediately issue himself 395million of those shares.
Well that is simple ... If he was to begin issuing himself shares now the "private funders" and Thomas Hansen would be upset because they would not be getting paid while JB was getting paid and this could cause them to "pull the plug" on any further contributions to JB's scam.
MerthyrQ ... no disrespect intended, but I'm not seeing the progress. What specific progress do you see @ BORK. JB is still operating BORK under the "cover of darkness".
He is still enriching himself and a few insiders as he has done for the previous 4 years by issuing massive amounts of stock for their services. And the services provided by JB and the insiders is vague and unclear.
I don't see any substantial benefit the shareholders could receive from anything that has happened or reported about BORK currently.
The Milkman said
BORK — Interim Financial Report
http://www.otcmarkets.com/financialReportViewer?symbol=BORK&id=145150
Published: Sep 30, 2015
Period End: Aug 31, 2015
Page 14 of 19
On April 16, 2015 ... Mr. Bourque's royalties were also increased from 5% to 9% with a 1% royalty being assigned to Carol Condon, the Company's Interim CEO.
Gosh, I feel that there are more worms in this can of worms known as Bourque Industries.
Doug
.................................................................
Add to this what ever JB promised to those providing private financing for the personel currently working at the "new facility".
WHAT % OF SALES REVENUE WILL THEY RECEIVE"???
Add to that relative to the lease arrangement for the 8,000sf building at a monthly amount of $500.00. That works out to a
lease for 6.25 cents per SQ. per month. Show me any commercial
property in that general area ... and I mean any property as long as it has a roof and toilet that will lease for any where close to that very small amount of money. And that would include any property even if the roof leaks and the toilet is clogged.
Who ever owns that building is going to demand a whole lot more than 6.5 cents per SF. per month and I will go out on that perverbial limb and guess they would require a percentage of the revenue.
WHAT PERCENTAGE OF THE SALES REVENUE WILL THEY RECEIVE???
WHEN MORE THINGS BECOME KNOWN THE CAN OF WORMS WILL GROW.
The current standing and relevant facts that have emerged from JB/BORK is that JB does not give a rats ars about the shareholders.
This attitude was clearly demonstrated by JB authorizing an additional 500million shares of common stock and immediately issuing 395million of that stock to himself for some unknown & unproven intellectual property.
If JB had just one ounce of honesty, integrity or any pittance of respect for the shareholders he would have allowed the market place to determine the value of this unknown intellectual property by retaining a percentage of the revenue generated by this new unknown and unproven technology.
He did not do this because he knows full well he will never bring this new technology to the market. And for all those who have visited and seen all the professionals working at the new facility
and personally seen and talked with JB with him being clean and sober with new and positive energy. Well all I can say is you have
been scammed as everything you heard and witnessed was scheduled and staged for your benefit knowing you would bring bring this false information back to this board for our consumption. You just became another victim of JB's deception and manipulation.