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Ref previous. 16 months ago not 14.
My last update is the 12/30/21 year end in review. 14 months ago. A question no one has asked is did the co ever apply for a get any of the 10's of thousands in free grant covid assistance given to companies during the pandemic. Local bars and barbershops rec'd several 5 to 50k grants just for staying open. Just one for 15k would have financed us to apply for trading status and lift that "burden". If they did apply and rec any, how much and where did it go?
Does anyone know if the ceo is back at work if only on a limited bases?
The co is worth something. .05, .10 or maybe more. Fact: Unfortunate events have left the co not capable of giving 100%. Options: Sell for what you can get. Change at the top. Keep slugging it out and hope we all live long enough to realize a profit. It's crunch time. Decisions need made and shareholders need updated. Opinion.
Given the events of the last 2 years serious consideration must be given to either closing the doors or intensifying the search for a serious buyer. My guess is this gets resolved in 2023 one way or the other. I'd be curious to know if the Faro's still have any direct involvement in the co. I expect Bert to be back in a limited working capacity so it's past time for all hands on deck and for them to start pulling their share of weight and lessen the work load and stress. Opinion.
Given the events of the last 2 years serious consideration must be given to either closing the doors or intensifying the search for a serious buyer. My guess is this gets resolved in 2023 one way or the other. I'd be curious to know if the Faro's still have any direct involvement in the co. I expect Bert to be back in a limited working capacity so it's past time for all hands on deck and for them to start pulling their share of weight and lessen the work load and stress. Opinion.
If the co is willing to sell the co what is it they are willing to sell as part of a deal. Would it include the N Assay and RVA tech in the package? At this point we'll have to wait to see if they find a buyer and what would be included. There are hundreds of co's making TSA plates and that alone would not bring much. So I agree hashing over and over years gone by does nothing to advance anything. If I had to guess I can see them wanting to keep what they can and selling what's left over if anyone is interested. I really think this gets resolved this year. Opinion.
Exploremore: If your so convinced nnlx this is done, sell me your shares at the prevailing price. At least you'll get something and a write off for 2023. I'm willing to take the risk.
Jon Jon:
You do the math.
https://corp.delaware.gov/frtaxcalc/
Jon Jon: There appears to be no upside for shareholders. A proposal was made and rejected. Now the Ant turns to shareholders on a message board in an attempt to acquire the co. You have to ask yourself why? Sell or auction off any assets for personal gain? Nothing makes sense and if it doesn't make sense I'd stay far away.
See post 15206 then review link. Are they one in the same?
https://www.nj.com/mercer/2016/06/former_bergen_biotech_ceo_accused_of_stealing_200k.html
See post 15206 then review link. Are they one in the same?
https://www.nj.com/mercer/2016/06/former_bergen_biotech_ceo_accused_of_stealing_200k.html
Phew! What's that I feel? A lot of hot air.
Age has nothing to do with it. Look in a mirror, you can be OCD at any age.
I would think that after such a major health event that selling to the RIGHT company would not be out of the question. Finding the right co is now the challenge. The ant man obviously is not the right fit.
Is anyone surprised we haven't heard anything regarding the ceo's health condition from the co? Shareholders have the right to know if the co is still functioning. Who's in charge while he's recovering? I suspect no one and the building sits idle. Doesn't seem there is anyone. Faro's? Chatterton? Family member? Someone brought in from the outside? No year end update signals nothing accomplished in the last 12 months. This should have never gone public.
Ant man: It would seem to me that if the company facility or equipment was used in any way in the development of the tech, the company holds an interest in it. If in fact as you state they are operating an illegal company they have far greater problems. It is going to be interesting how your claims unfold.
Ant man: It would seem to me that if the company facility or equipment was used in any way in the development of the tech, the company holds an interest in it. If in fact as you state they are operating an illegal company they have far greater problems. It is going to be interesting how your claims unfold.
Update on Brett's health posted on another board.
With that I agree however it's not so easy when you don't have a product or growth to bargin with. Most if not all small companies want to be acquired some day. That is the golden egg. From what we know the company isn't even close. The company has no growth and no desirable products. It's being run as a private company and beyond grey to now dark. Problem is we can't even scrape it off and so the drama continues.
That's good to know. The question is when do they plan to become compliant so trading can begin, what's the status of the FDA submission and how far along are they with fund raising? Being open and selling by itself means nothing for shareholders unless we know what those sales are.
No excuse for not being able to trade. If only they believed.
https://www.ncertpoint.com/2021/08/how-much-money-does-john-chatterton-make-latest-john-chatterton-net-worth-income-salary.html
Nothing new about the 10k plus 5k. 20 pennies seems light based on dominating. If true they should ask for a buck but again there are no sales to justify anything. What's that valuation based on, some off the wall projection of future sales?
A question that has to be asked now that Brett has experienced a health setback is who's minding the day to day operations? Health should come first. Wishing a seedy recovery but maybe now is the time to bring someone in. Perhaps the likes of Jim Rodgers. After all there is a business to run.
If 10k is such a "burden", what is coming up with 3mil? Impossible. The best part of this management team ran down their fathers leg. Opinion.
Will the co ever turn the corner to success? Not as long as the path their on is an endless circle with no way for shareholders to get off. Our ticket is punched to nowhere. Opinion
I have to give it to you. You are internaly optimistic. Still waiting for someone with deep pockets to give them the cash to get us at least tradable. You would think 10k for the 2 Drs would be pocket change and maybe Brett could cover the accounting fees. If only they believed. Opinion.
Let's cut to the chase. If the co believed in their products there is no way they would let 10k plus whatever financial prep costs are prevent this from going to a trading status. They don't believe but they want shareholders to believe. What a crock. Opinion.
Less than 2 months to our annual update. It will probably read something like this. Dish production is up and running. No money to comply so no trading. Still working on fund raising and FDA submissions. That's all, maybe next year. Opinion
Omar: Time (years), all wasted on becoming a want a be. If they had concentrated on plates and plate expansion they might be in a better position to venture beyond. If I had to guess they are probably selling to a small number of local schools and that's it. Nothing unique about their plates except the package that no one seems to want. They are the Don Quixote of Bio Science. Opinion.
Jon Jon: All that you say is true except, "It's a shame because these products can save lives". To that I say, who says so besides the ceo and Faro's. There is nothing to back up the N Assay or RVA claims. Until it's proven independently all that they claim means nothing. If they can't come up with the 10k and accounting fees what makes anyone think they can come up with the cash needed for those 2 products to be proven. The ceo and board are a disgrace. You would think with all the connections at the University the Faro's could get something proven or not. Opinion.
The ceo only does what he thinks is "right" for himself and his cronies. Shareholders be damned. Opinion
If what you say is true, the whole crew reputation including the Faro's will be done. The press would eat them alive. There would be a lot of explaining to do and not only to shareholders. For their sake and shareholders, who would be screwed, I hope you are wrong. Failure is one thing but deception, that's a whole new ball game. Opinion.
Yes character imperfections. Nine months since the last update. Apparently they have not paid the 10k and have no intention of doing so or we would be trading. The co doesn't have the b...s to admit it. The co has nothing other than the flat pack and cant grow those sales as they have no one selling or promoting it. Essentially it's a 1 man Hubbard operation with the Faro's in TX. That makes Brett chief cook and bottle washer. They say anything and hide behind forward looking statement protection. Opinion.