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When all the dust settles and the "Full Circle Trust" and the"Swiss Dynasty Trust" are finally opened you will probably find
they are barren and wonder where it all went.
Well maybe do some research on these 2 entities:
http://www.manta.com/c/mx3h375/full-circle-capital-lp
Notice this entity was opened in London ... 4-13-2011
Disolved .......11-20-2012
Also notice it lists Metz as a resident of Switzerland Hmmmm.
http://www.ccdni.com/director-jared-metz
I would even speculate that both of the "trust's are already barren and actually have been barren since the London entity was disolved.
Notice that the London entity was started shortly after the "Great Dilution" in late Sept. of 2011.
All this is pure speculation at this point. But with all the questionable things JB and crew have done ... it would be wise to question everything and assume the worst until proven otherwise.
At some point in the not too distant future, I would bet everyone is going to be asking "where did it all go".
This is not the end of the BORK Crew's dirty dealing. It will continue until someone stops them.
The FBI & SEC move at a snails pace and frankly have bigger fish to fry.
The current group of stockholders are splintered and apparently those with the deep pockets are not willing to put their personal
money to work in stopping this fraud. So, look for C. J. Condon to keep picking the bones clean until there is absolutely nothing left to pick. Then we the loyal stockholders are left with nothing but a bare bones carcas.
A moral victory is better than just walking away having learned a very expensive lesson.
Is there something that can be done to keep other innocent investers from putting their hard earned money into this scam/fraud.
The sad thing about all this , is that there is still a way to keep KRYRON alive and moving forward. CJ is aware of the possibilities but will not pursue them because it would not put any back door cash in her pocket immediately
Thanks Dt0120
The PR clearly states that Ironridge can not convert the preferred stock into commo stock for at least 6 mo. from the issuance date. However here is the conversion clause on file with the AZ Secretary of State filed on 5-30-2013.
You may have to copy and paste this link
http://www.otcmarkets.com/financialReportViewer?symbol=BORK&id=106097
Go to page #7 and you will clearly see the conversion clause.
Slick and scorp .. the financials clearly state JB owns 100% of the preferred stock.
This is shown on page 2 of 14 of the Quarter Ended August 31, 2013 financials
07/25/13; BREFA, Inc.; 8,600,000 Shares for debt
06/17/13; Ironridge Global IV, Ltd.; 15,000,000 Shares Restricted Convertible Preferred Stock for cash
08/02/13: Ironridge Global IV Ltd; 15,000,000 Shares for debt
..............................................................
This is shown on page 1 of 14 of the same financials
Security Information
Trading Symbol: BORK
Exact title and class of securities outstanding: Common Stock; Preferred Stock
CUSIP: 102100 10 4
Par or Stated Value: .0001
Total shares authorized: 500,000,000 as of: 10/15/2013
Total shares outstanding: 438,481,261 as of: 10/15/2013
Transfer Agent
Name: American Registrar & Transfer Co
Address 1: P.O. Box 1798
Address 2: 342 East 900 South
Address 3: Salt Lake City, UT 84110
Phone: 801-363-9065
Is the Transfer Agent registered under the Exchange Act?* Yes: X No:
*To be included in the OTC Pink Current Information tier, the transfer agent must be registered under the Exchange Act.
..............................................................
This is shown on page 13 of 14 of the same financials
C. Beneficial Shareholders. Provide a list of the name, address and shareholdings or the percentage of shares owned by all persons beneficially owning more than ten percent (10%) of any class of the issuer’s equity securities. If any of the beneficial shareholders are corporate shareholders, provide the name and address of the person(s) owning or controlling such corporate shareholders and the resident agents of the corporate shareholders.
John M. Bourque, 21.4% Common Stock, 100% of Preferred Stock;
Jared Philip Metz, 12.1% of Common Stock.
.................................................................
Seems as they are using some fuzzy math and playing fast and loose with the numbers. It may be a case of telling so many lies
in order to paint a picture they want us to see ... after a while they loose track of what they have already said. Notice on the
security info ... they don't even list the preferred stock
being issued.
My opinion here ... everything about BORK is bogus and there never will be a straight and honest answer to our many questions unless someone is put under oath in a court of law and maybe not even then. I just can't seem to be able to justify or rationalize
any of this.
Could the MODS please post up the PR where BORK announced the Ironridge funding so we can compare what was to be and what actually is. Thanks
Scorp ... did you notice in the latest financials furnished by BORK that all of the 15,000,000 shares of convertible preferred
stock has already been given to Ironridge. Also it does not show any further funding from Ironridge since the initial $55,000 that
was funded in May.
It appears as though Ironridge got all the stock and then discontinued funding.
So, I assume we have been duped again or possibly lied to as the
BORK PR stated that the stock was to be issued incrementally as the funding occured.
This should cause any BORK commom stockholder great concern.
I'd like to see who's signature is on that stock transfer.
mdb1 ... they are not going to recover. That is their plan. As evidenced by the latest funding with Ironridge. That latest funding just drove the nails into the BORK coffin. That funding with Ironridge gave Ironridge 15million preferred convertible shares of stock for a mere $55,000.
With each share of convertible preferred stock to be valued at .04
upon conversion ... that places the value of that preferred stock at $600,000.
Not a bad days work if you ask me.
Now BORK indicated that the stock was to be issued as they drew funding from Ironridge on a monthly basis. However the financials they reported clearly state BORK had already issued the 15million shares in full and had not received any further funding from Ironridge.
This now sets the stage for a Chapter 7 banckruptcy which will wipe out all common stockholders equity and leave JB and Ironridge first dibs on any remaining BORK assets as the creditors and preferred stockholders get priority in the event of a banckruptcy.
Kind of fitting that JB's trust that holds the majority of his stock is titled the "FULL CIRCLE TRUST". So, it appears as though
JB and his crew will get to keep 10's of millions of stockholder investment and the KRYRON technology too. So, you might say the KRYRON has gone full circle.
lazyeye ... amen
The sooner the stockholders realize this the sooner the collective may decide to do something. But sadly, that may be too late!!!!!!
mdb1 ... the ugly truth is they currently don't have the capability to do anything.
They can't sell anything. They have no inventory. They have no materials to make any thing. Even if they had some materials, they have no one who knows how to produce any thing.
They have no cash as Ironridge has discontinued funding which was probably the plan.
They can't even pay themselves because they have no cash. But they can issue shares for services to provide money for their personal lifestyles.
So, the only thing they can do is pay themselves!!!!!!!!!!!!!!
That is how they monetized KRYRON ... for years
KZmike and mdb1
Instead of thinking about possible applications for KRYRON
you should be thinking about how to stop the complete
wipe-out of the common stockholders interest in BORK. The end game is now being played and you are not in the game.
The demolishion crew is trying to keep you distracted while the bull dozers move into position.
Time to face the real reality of your situation.
Another thing that does not sit well is ... according to the latest financials BORK has already issued 15million shares of
convertible preferred stock to Ironridge. Gee and you were told that those shares would be "drawn" as the funding continued. And
now there is nothing to show that Ironridge funded anything except the initial $55,000
Convertible at .04/share adds up to $600,000.00 % if the share
price is .01/share at the time of conversion will yield
60,000,000 shares of stock. Or 120,000,000 shares if converted at .05/share
And what? They advanced $55,000. WOW did we get screwed. Plus we are going to pay them interest on the funds they advanced.
This could also be a tactic for JB and Ironridge to control KRYRON even if they file Chapter 7 As all the creditors and common stock holders interest will be wiped out.
So, all of the reasoned and informed posters can sit here and
rationalize all this as terrible mgt. and suggest we wait till the next qtr. filing before making a hasty decision if you want.
But by the coming of the end of the next quarter ... there will
be nothing to discuss except trying to figure out how you were duped. And you will wonder why you sat there and did nothing until after it was too late.
Doesn't seem as there is much interest among the posters here to
push back ... so I guess JB, CJ, Ironridge, Jared P. Metz and crew will now walk with 10's of millions of your dollars and KRYRON and you will walk with nothing.
Sure would hate to be one who decided to average down when BORK
hit the one penny per share.
Mute you are right ... the Schizzler REALLY saved us from banckruptcy. Good job Matty, can we get you a dolly to help you carry all that cash to your chartered jet that is waiting to fly you to a secluded island in the Caribbean.
C. J. ... I know you read the posts on this board. And now that the road is about to end ... if you want a way out of this with some cash and a hold harmless send me a PM with your contact #.
I will lay it out for you. May work or it may not work, but for you, it may be your best bet. Might take only 5 min. of your
time. Could be the best time investment you ever made.
Seriously
The Candyman
Scorp ... UA also has other issues that have not publicly
disclosed or discussed on this board realtive to BORK.
UA has a proven and crystal clear record and enjoys high level
govt. security clearances which they will never put at risk.
Again, the only way we will ever see any return of our investment
is to pay JB again ... and you can bet a "hold harmless clause" will be part of the deal.
Transfer KRYRON to a clean corp.
Partner with a major defense player and back in for a royalty
or commission.
Use the back-end revenue to further the other applications of KRYRON.
Will take time and additional capital from existing shareholders
if there is any interest.
Scorpitron ... I totally disagree with your statement about the utter failure of BORK mgt. They devised a game plan and their execution was flawless.
They monetized KRYRON ... period!!!!!!
Albeit for themselves and not for the stockholders.
They knew early on that they could not monetize KRYRON the traditional way thru research, development and sales of the product.
So, they devised a plan to where they could monetize by enriching themselves thru questionable stock transactions and under the table kickbacks. The original BORK crew all have more money than they ever could have imagined. Of course it is held by "trusts",
family members and other willing accomplices that were also complicite in their fraud.
They also know the minority shareholders are splintered and individually are not going to spend the kind of money necessary to stop the train wreck. The BORK crew has already accomplished 99% of what they set out to do. And as of this date there is no evidence that there is a coordinated effort to bring the train to a halt. So, C. J. Condon will continue her clean-up and pick the bones clean operation.
I would bet CJ already has the banckruptcy petition already prepared and need only to make one call for it to be filed
within 2 hrs. of such call ... check (a chess term meaning your key asset is in jepardy).
Then to buy KRYRON at the bankruptcy table only to find the patent info filed some how seems to be lacking a few ingredients and processes ... check mate (a chess term meaning your key asset
was just eliminated and the game is over and you lost).
The time is short with the window of opportunity for being able to extract anything from BORK or the BORK mgt. team is closing fast.
If anyone here has any other plausible way this could turn out ...
I would love to hear it ... really, I'd love to hear it so post it up.
slick ... do you think for 1 minute that anyone at BORK will
put themselves in the position of having to answer direct questions about what has happened, what is now happening or what they plan on doing in the near future. At this point in time they are being held accountrable by no one, no regulatory authority.
They are going to keep doing what they have been doing ... because they can and there is no way to stop them.
Some day down the road the SEC may catch up to them, but by then
the money will have already traveled beyond retrieval, the minority shareholders will have moved on to other things.
So, the reality is that unless the minority shareholders band together and raise some cash to further their efforts in trying to right this ship that is floating.
Any detailed discussions as to how to stop this train wreck should
be done, not on this open board but thru PMs and direct communications between ourselves as I am sure CJ DOES have time to pay attention to what is being said on this public board.
At a certain point they would be ready to close up shop and hit the road.
If needed I would at the drop of a hat assign my voting rights to someone capable of carrying the ball if it will help further the minority shareholders rights. I am sure there is some type of clause in the corp. bylaws that allow for grievences of minority shareholders to be heard.
Has anyone here the ablilty to pull a copy of BORKL's bylaws
which may be filed with the State of Arizona???
If anyone wants to contact me thru a PM please leave your direct contact info as I do not have a premium membership and can not respond to you via a PM
Slick ... just imagine for a moment. That if we had someone like Robert Rieger as CEO and a couple of the former BOD members with stellar military back grounds along with a clean corporate
history ... they could go to DARPA, give them a personal demo
and say ... we have something here that will be a game change for our military, but we do not have the capital for intensive testing and validation ... so if you would help us financially
to develope this product, we will open up all our data and specs for your review.
I would bet the farm that they would provide assistance pending back ground checks of all key personal and a financial audit.
That is why JB would never go any further than talking and putting on his dog and pony show demos. And the more he talked,
the more skeptical the potential buyers became because JB did not know squat about KRYRON and it's physical properties.
It is like the BORK crew has been painting a picture and you have been watching it from the beginning and haven't been able to figure it out till it is finished.
http://www.liveleak.com/view?i=829_1360099797/DIV>
If you're going to get it before it is over you are going to have to start looking at the BORK picture from a different point of view.
Wayout ... that's why I say the only way we could ever see a return would be to set up a new corp. and buy the KRYRON ... which would be paying JB in that we would have to buy controlling interest in BORK and transfer it to the new corp.
And that may inspire some litigation also. But as long as JB, Ironridge or any of the current BI crowd have control ... we will never see a penny. It is that simple.
As things are now ... leaving things play out will leave you with nothing.
Litigation will leave you with nothing.
Or you could set up a new corp., capitalized it and buy KRYRON at the banckruptcy table ... but by then all kinds of litigation will have already erupted ... so, again you have nothing but endless litigation.
So, capitalize a new corp. that will buy JB's position. Then sell to the new corp.
Talking about all the possibilities of KRYRON, potential sales,
more intensive testing are a moot point as none of that is going to happen.
This is almost like quick sand ... thwe more you try to struggle the deeper into it you get.
The only way any current stockholder will realize anything from
the KRYRON technology is to capitalize a new corp. and make JB an offer he can not refuse.
Then partner with a major tactical armor player for their use of only tactical armor applications and back in for a royalty.
Take the tactical armor revenue and develope other applications
like heat sink, thermal transfer, agriculture, engine and automotive uses. Then you may be able to say you made a decent investment.
However with the deal with JB you know there will be a release and hold harmless clause.
This way every body gets something.
The beginning of the end began when The Schizzler came on board and was appointed CEO. Soon there after he got his pay check (in the form of BORK stock) and soon after that he scored big time with the back door cash from the Ironridge funding ... which never had any intent of further funding for BORK. He had already determined the end was near so a quick score and immediate exit was in order or he may have been considered complicite in the
corrupt dealings that led to the down fall of BORK and massive loss of stockholders investment.
THE END IS NOW HERE LOOKING YOU IN THE FACE WITH NO PLAN IN PLACE TO AT LEAST TRY TO SALVAGE SOMETHING OR PUT THE DIRTY DEALERS BEHIND BARS WHERE THEY BELONG.
The only person who I believe has the knowledge and associations with other professionals that can do the "Hurting in the Dark
Stockholders" any good is probably abcde2. But after the bashing he received for his observations and comments on this board, may not be receptive to extending a helping hand. But may be worth a try.
Mute ... you may believe it was mis-management, but I persobnally
feel it is pure corruption.
Does anyone remember "renee" that made a very eloquent due dilligence post. That one one of JB's flunkies pumping. and I would like someone with the expertise to run that poster down
to find out who it really was. That is how scammers keep the ball rolling.
After talking with Ultra Armoring ... it would take $10's of millions of dollars of testing and validation before they would be in any position to be able to enter into a licensing or royalty agreement. That is unless BORK would assign "ALL" the
KRYRON rights to an entity that could provide a massive
research and testing effort. And that would probably be with no guarantees of anything ever coming back to BORK except the rights to KRYRON if the testing and validation was not done withina certain time frame.
You have to understand that no one wants to touch KRYRON and committ to this kind of effort with the very little testing and validation BORK currently has. To most players, especially in the tactical armor industry, KRYRON is a money pit. Then add to that all of the JB antics of the past along with the current muddy water and all you have is a toxic situation where there is no daylight.
I just can't see any other way of looking at this.
And now we have C. J. Condon running the show and she knows exactly what I'm talking about.
Schizzler hauled out of there because the end was too near. And the credible members of the BOD didn't take vry long to find out from others that they need to have immediate seperation form BORK.
We don't even know when they left the board.
This is a classic example of how you can take a very promising technology and totally destroy it when you have corrupt people in control of it.
You can try to justify some of this as errors or poor judgement
if you wish, but that flies in the face of reality. You have had some dark characters running things and they knew very early on ... that if they approached KRYRON and wanted to move it forward that soon they would have to provide full disclosure
when the lights were upon them and it would paint a bad picture.
So, in order to capitalize on this KRYRON they had to do it on our dime and get paid by selling stock to stooges like ourselves
instead of selling product.
Takes a long time to do the proper testing and validation ... they didn't want to wait that long.
It takes a lot of capital to do the testing and validation ...
they didn't want to use the money provided by the stockholders
to do that ... they wanted to keep those investment dallors for themselves. The last few years was just a series of back door deals they used to line their own pockets with our investment dollars with no intent to do what was required to get KRYRON to the market. Sad thing is at several times they had the capital required to do the necessary things for KRYRON to emerge into the market. But they also knew when KRYRON emerged and the lights were shining brightly upon them that thier checkered past would blow up in their face.
JB and crew are not idiots. They knew what they were doing and how
they were going to do it. JB just didn't realize that some of the shady folks he needed to help him bleed BORK dry would also bring the FBI in tow with them.
So, now they know that some of us are getting an idea of what has been going on ... and they know KRYRON will not see the light of day from serious people ... so might as well pick the bones of this carcus for every last bit of cash they can.
Most all of the money as well as opportunity have been consumed
... CJ is just hanging around cleaning the dishes and looking for some over scraps that may have been over looked.
WOW ... that minty green kool-aid sure tastes sour.
MerthyrQ ... have you read the Ironridge Agreement or are you getting that by the speculating from last financials Bork submitted.
Like I have said ... that was just back door money for JB and the Schizzler.
Ironridge took the 15,000,000 shares and sold them at about 2cents/share to yield $300,000 cash, provided $55,000 of funding
and probably spilt the $245,000 profit with Schizzler and JB.
And I would bet this type of transaction has been standard operating proceedure for JB and BORK from the3 get go.
Do you think that the stockholders need to be able to see a full and complete copy of the Ironridge funding agreement?
Do you think the that stockholders need to be able to see a full and complete copy of JB's lockout Agreement?
I'm surprised an informed poster on this board as you are took so long to come to that conclusion.
I just hope you didn't get your catchers mitt out and scoop up a
boatload of BORK's like you indicated you were going to do earlier.
Ultra Armoring lost interest in KRYRON when JB could not answer basic engineering questions about the specific properties of KRYRON.
They buy armor in large sheets and custom fabricate these sheets
to "bolt on" to various vehicles. They indicated that they need to know about specific properties so they can determine if they can modify and fabricate parts from the sheets. And when JB could not or would not give them any information ... they lost interest
very quickly. And they said they could reverse engineer anything
including KRYRON but would not be worth the expense and the time involved.
Also they indicated the market of tactical is fluid and new things are coming on to the stage almost daily, so they also have the need to know how the product can (if it is possible) be improved to meet new and possibly higher standards.
If they were willing to work with KRYRON it would be with "total and full disclosure" of all the materials and processes involved
with KRYRON so they can determine if they can modify for a specific usage.
Quality control and the verification is mandatory or no one will give you the time of day.
These guys know what they are doing and how to do it.
From their testing they believe that KRYRON may not be carbon nano
technology and had more to do with the heat generated upon impact
than anything else.
Partnering up with someone like Ultra Armoring may be possible,
but would require a total toxic waste type of clean up operation
along with a clear and concise full disclosure of KRYRON and the real people behind it.
These guys have high level security credentials and related a couple of events they know of that makes them very uncomfortable
being around anyone with a direct relationship to BORK.
Was a real eye opener speaking with them yesterday and today.
Bottom line for KRYRON it will take new people to step up with some high risk cash and the old folks to step out gracefully
(with a possible payout down the road) or it is dead. And soon to be followed by a boat load of lawyers and a tanker full of litigation.
That's how I see this at the moment and if you want me to respond to any PM's leave some contact info as i am not spending another penny on this to get a premium membership. No disrespect intended to the Investors Hub folks ... it is actually disrespect for the BORK folks that I'm done with.
I would love to see who's signature is on those stock transfers
from Bork to Ironridge.
If this is not clearly getting to be criminal ... I guess my defination of criminal must be way more different than some here who demand proof.
This is much like the frog in the pot of water. If you slowly turn up the heat the frog doesn't seem to know what is happening.
Then by the time the frog figures out he is getting boiled he is too cooked to be able to jump out of the pot of water ... then it's frog legs for dinner time.
Folks ... I do not have a premium membership so there is no way I can get back with you. And at this point I'm not putting another penny into this "scam" called BORK.
However if some others here want to stand up and stop this train wreck ... I'm all in.
Yeah, diannedawn ... I saw the huge amount of stock the financials said went to Ironridge. That is a "HUGE" amount of stock that went to pay $780,00 worth of questionable debt.
Maybe they don't have the amount of un-issued stock left in the treasury they said they had, so they need to find a way to show where the stock supposedly went.
And does Full Circle Trust really have as much stock as the financials say they have. An independent stock transfer audit should be in order.
Seems like they provide just enough info to keep the indians on the reservation so to speak.
This whole BORK deal is just getting more bizzare by the day.
Also info about which BOD members left and when is also very puzzling and impossible to figure out.
CJ ... if you are reading any of this ... you better keep your bags packed because someone with a lot more cash than I may pull the trigger and then you know all hell is going to break loose.
And when I say pull the trigger I mean drop a petition on BORK and you and any one else that has been around while all this is going on.
You know you couldn't make this stuff up. And it seems as if most posters here are content to watch the last bit of their investment go completely down into the "BORK BLACK HOLE" It is time to start kicking butt and taking names.
There may be enough info published in the financials they submitted to provide probable cause to take some sort of legal
steps. That is if someone had the proper type of bean counters need to unwind and put together the info in an understandable fashion.
moanie ... If every minority shareholder put their shares into one voting block, that still would not be enough to control BORK as JB holds something like 100millpreferred shares that have 4 votes for each share. This guarantees he will have total control
over BORK. If BORK goes under it won't be worth much, but the control will be there.
At this point for BORK to succeed it will require a lot more than just good leadership and management. It will require a massive infusion of capital. And with JB still in control ... it would just be squandered again.
Unfortunately I don't see a way out. I just see humor in those who poo pooed my posts and turned a blind eye to all the things that were brought to their attention by others. As they now find themselves in very deep doo doo.
And to those who gave props to Matt Schizzler for bringing the Ironridge funding only provided for another opportunity for the scumbags running BORK to suck more blood out of BORK via the back door kick backs.
I don't know the best way to get hold of KRYRON ecxept to buy JB out of his position and transfer KRYRON to a clean entity.
How much JB actually has in the "Full Circle Trust" is unknown
despite the quarterly statements. They could be bogus as well as a lot of other stuff we have seen. I would bet that Jared Metz is also involved with "Full Circle Trust" and that could also be an issue as I noted the "co-trustee" notation in the latest statements when they referred to JB's relationship to the trust.
The comment I remember most with Ultra Armoring was that they said they asked JB some basic questions about the properties of KRYRON and JB didn't have the foggiest idea and that is what scared them the most.
They stated that the PR they issued was at the request of JB. And that is probably much like the letters and PO issued by JBT's rep here in the USA.
Also tells me that JB is not the master mind behind KRYRON. There is some one else that knows all about KRYRON and it's properties
and capabilities. Before I would pay JB a plug nickel, I would want to have that individual under contract. And of course JB would want a commission on that deal too.
Then there is CJ ... she would have to be dealt with also, but may have all the info needed to get around some things and she would want to get paid ... of course.
I don't have any expertise in this, but would it be possible to have current minority stockholders set up a new corp. structure and raise enough capital to take to JB and buy him out. I would think $1-2mil. could do the trick. And this would be very speculative in nature because we would have to in turn roll the patent to another entity and back in for a royalty interest. Then,
as I have speculated in the past, if there is an issue with the
patent filing info ... then we would have nothing.
Also, I believe that if BORK went Chapter 7, there would be very few takers at any price because of the huge capital cost to validate and confirm the properties and characteristics of KRYRON.
Or better yet ... could the minority stockholders set up a corp. structure and raise some capital and wait for the backruptcy to happen and then just buy the patent from the court appointed Trustee. That would be the cheapest method.
Offer shares to stockholders of record prior to the great
dilution for a certain share price and those acquiring stock after a different share price.
There are several major tactical armoring companies would love to get hold of KRYRON and run it thru the ringer with the assistance of the person who really knows KRYRON. However I don't think they would pay any cash up front for KRYRON as there ase so many unknowns and the testing and validation could easily run 10's of millions of dollars and require the use of some heavy duty testing equipment that you certainly won't find at your local Ace Hardware Store. And it damn sure wouldn't fit in a rented UPS
postal box.
I don't think there is a lot of time as CJ is trying to squeeze the last drop of blood out of that preverbial turnip and it appears that Ironridge is done funding. As of the last financial statement there was about $600,000 worth of unissued stock in the BORK treasury which is possibly locked down by the Ironridge folks
relative to the lastest funding agreement.
So, I don't have any idea of what would be the best path to take
with the KRYRON, but there may be some folks on here that have way more experience in these type od dealings than I.
So, while we still have maybe an option or 2, lets hear from some of our more learnbed folks on this board.
ABCDE2 may have some experience in these areas or know some that do ... so let's float some ideas. And this is not the time for bravado ... the fuse is burning at both ends folks.
Also relative to my conversation with Ultra Armoring ... after
about 20 minutes they got called into a meeting, but wanted my cell phone # so they could continue the conversation. I think they may have a small amount of interest and would like to hear from A BORK investor point of view.
So, if there are some questions you want me to ask them ...
post them up here on the board and I'll ask them later today
when we talk again.
A couple of these guys are really into the MOPAR muscle cars
from back in the late 60's
Anyone remember "ULTRA ARMORING"?
I just had a very interesting conversation with them this morning.
They are not interested in KRYRON, but they are intrigued by it.
From the conversation I learned several things.
-the 7.5 mil committment of funding through Ironridge, even if it was ongoing and furnished as needed would not be a drop in the bucket for what would be needed for testing and validation to the point where any tactical armoring entities would think seriously about using KRYRON.
-John Bourque would have to be completely and permanently out of the picture.
-Complete disclosure about the product would have to be provided so the purchasing entity could determine if the KRYRON could be modified, improved, repaired in the field and a few other things I can't recall now. Without this there will never be any interest from any of the serious players in the tactical
armor industry. This is why JB stuck to his dog and pony shows
as a means to market and sell KRYRON Armor.
-The NIJ certification was just the beginning of the process
to validate the product. Saying the NIJ cert. is what you need for sales is like a 16 year old saying ... "OK, now that I have my driver's liscence I'm ready to drive in the INDY 500"
-JB could not answer some basic, but necessary questions about some of the charastics of KRYRON.
My conclusion as of now is: No one, not even JB is going to make another dime out of KRYRON unless they assign all intellectual property rights to an entity that state of the art testing,
engineering and sales/marketing capabilities for $1.00. Then get a royalty interest and pray the testing validates the product.
There are people out there that can do it, not many, but a few.
This is why JB has been doing the things he has been doing. He had the opportunity to do this easily when the stock price was in the multidollars and to this day probably still has enough cash
in the Full Circle Trust to do some of the thorough testing required. But he chose not to go that way and now has to resort to selling stock and back door deals to keep the doors (I mean
the UPS postal box) open.
And if CJ thinks she can do it, I'd love to see her plans. And by the way the new folks she said she has on board, especially the part time consultants/advisors have no clue as to what they are
getting into or what will be required.
I would bet that at this time JB would take a couple mill for his controlling interest and be happy.
Anyone know of some folks that have that kind of cash to get the ball rolling. Getting the right people would not be difficult ...
among others there is Robert Reiger.
You could also have a provision for stockholders as of a certain date be given options to buy stock in the new and clean entity at
a deep discount. That would allow us longs another opportunity to
participate and take another chance on KRYRON. It would still be a risk as we still (after 3 yrs.) do not know much about KRYRON
or what it's true capabilities really are.
But as BORK is today with CJ running the show or with even Sean "chuckles" Floyd involved ... it's toast and the "fat lady"
is flat out singing. You should be able to hear her right now.
And as always ... no offense intended to those of the heavy persuasion.
I'd like to hear what others here think about the best way to proceed because it ain't gonna get any better as it is!!!!!!!
Scorp ... they had to do something to keep things going to allow for time to completely drain all stock not already issued. Also there is some back door cash probably coming back from Ironridge.
The testing was limited in it's scope and as Reiger stated ...
more testing is needed. JB was probably hoping for a bump in the stock price so Ironridge could reap some money off the original 15 mil. shares they were paid for the initial funding. They didn't get the bump in price they expected with the testing report.
Also there is no evidence that there is more testing planned or in progress, nor is there any evidence that Ironridge has continued the funding. Any testing done will be helpful to the entity that eventually controls KRYRON.
Scorp ... I think this has and still is a charade.
What I look for now is an announcement that Ironridge has provided additional funding for more testing which Ironridge is hoping will drive the share price up a little.
As far as Schizzler setting up the testing ... something had to be done to keep the thieves in control and at the same time make
the share holders think something positive was happening. Also was evidence that there was not enough cash to complete the end game of taking Kryron back with a clean 3rd party.
Now some may think this is totally bizzare, but this is how some demented people think. JB is probably laughing his ass off when he reads that some of the wise and more informed posters on this board talk about all the potential applications for KRYRON and how they are willing to give BORK some more time to exploit this potential. When what is really happening is the share holders are getting exploited even more while Bourque Industries is getting
to be more constricted to the point of having no alternative other than Bankruptcy ... Chapter 7. This is the goal and he will buy KRYRON back with our money, with all the improvements, with
all the testing and the NIJ Cert.
If JB and Jared Metz were confident that they had enough cash to buy KRYRON back at the bankruptcy table, refile new patents and validate KRYRON thru more and intensive testing ... BORK would have already filed Bankruptcy. So, lacking enough cash ... I would look for more back door dealings and also a new and limited
issuance of stock along with an announcement of further funding from Ironridge under the guise of more testing which would open the door for some huge sales.
However any real major sale would drive the stock price up dramatically, which is the last thing JB wants.
So get ready to get dangled in the wind until the last breath of air is squeezed from BORK.
Now this is sad for many of us longs here, many of us that have
tried to average down. And doing that, I'm still down 99.5% of my total investment. So, when you finally have nothing left to lose is when you may be able to see the real picture of how this scam
was planned and masterfully executed.
The only gratification I can get at this time is to watch BORK go under and JB and Jared Metz along with Ironridge not be able to complete the game winning hail mary pass at the end.
I don't think they are ready for the end game yet as evidenced by CJ re-appearing late in the game as the "CLOSER" (to use a baseball phrase).
John11 you are absolutely correct. And also thru his attorney
who is also BORK's legal counsel JB is still and always has been running the company. And there is a method to his madness that CJ
understands and has faith in or she wouldn't be hanging around.
She is not stupid and she is in it for the money and must have a certain degree of confidence the plan is workable or she would have been out of there in a New York minute.
Has anyone ever wondered why JB stayed away from any entity that had research capability ... Hmmmm.
Remember the testing that was going to be done by Pratt and Whitney?????? And how JB gave them some bogus material to test with ... Hmmmm. Then Pratt & Whitney told BORK to stick it!!!!
That is because if they had the real material along with the patent info which is public record info. They would in a very short time find the info filed with the patent does not in any way line up with the material if BORK gave them the real KRYRON.
If the info filed with the patent were correct, there is a good possibility that some entity would have used KRYRON with no benefit to BORK. Thus putting JB in a position of having an
expensive and public legal battle to protect his property rights.
Could get messy and also draw some other people into the legal fray that would not be helpful to JB.
Everyone knows that if you have a product like KRYRON, the easiest and fastest way to validate your product and get it to market is by going to Cal-Tech, MIT, RICE, The Colorado School of Mines or numerous other engineering schools. Their validation of your product and it's proven capabilities would make the product immediately marketable.
Now once he decided to go down the path he chose ... he soon passed the point of no return. Hence he was stuck with having to make money by selling stock, questionable stock merger transactions and back door deals with Ironridge and others he did business with.
Now his only hope of maintaining ownership of KRYRON is to drive it into backruptcy after CJ has drained all the stock out of the treasury and of course kicked some back for him.
My question is ... How much cash is held in JB's "Full Circle Trust" and Jared Metz's "Swiss Dynasty Trust? Do they have enough cash and a trustworthy "clean" 3rd party that can to go to the Banckruptcy Court and acquire KRYRON again.
Alas ... he is still going to have to clean up his patent filing
info this time and do it the right way. At least he had a lot of our money to show off his KRYRON, do some testing and fine tune the product.
Had to do it this way because more traditional means of financing were not available to him. So, he had to go the Corporate way and sell stock and have stockholders ... whom he detested.
So, again, I say we have been lied to, cheated and treated like dirt.
mdb1 ... you are absolutely correct, it would be CJ, who has been with him from the beginning and knows all about the shady dealings.
The one who said nothing and always had a boat load of shares ready to be traded.
The well respected BOD members (and we don't know for sure when they actually left) when they got a drift of what was "REAL" ...
ran away from BORK like jack rabbits from a Texas wild fire.
Even the ones with military credentials that knew of the great tactical armor applications hooked'em out of there and don't ever want to be associated with BORK.
The reason is:__________________________________________________
Some posters on here know the answer, so it's time to fill in the blanks because this dog can't hunt any more and the "fat lady is about to start singing". No offense intended for those of the heavier persuasion.
If you are worrying about sinking the ship ... don't be, because it has already gone down. People just don't want to face reality,
especially the more informed posters on here who have been quietly working behind the scenes.
Just wondering if Full Circle Trust (JB) and Swiss Dynasty Trust (which is Jared Metz) have their end game ready to take back the KRYRON in place yet ????????
mikeg2 ... you are right. Look at who is running BORK now.
JB is in the can and he has indicated he is plainning his appeal
so he has frequent meetings with his attorney ... who just
happens to be chief legal counsel for BORK. That is
convenient ... hmmmm. And they say you cannot conduct
business from jail ... hmmmm. Never know unless you get a
court order to record the mettings between Attorney and
Client.
C. J. Condon ... JB's long time trusted side-kick.
And a couple new guys that have no idea what is going on or what has been going on the last 3 years.
So, yes, it would reasonable to assume that JB is still in control
of BORK. And, yes, he did allow his long time friend Mathew Schizzler to make a nice chunk of cash via stock and his commission from Ironridge.
I feel the current leadership are going to pay themselves by draining the treasury of any remaining stock and drive BORK into Backruptcy where the KRYRON intellectual property rights will be sold off to pay creditors to an unfamiliar entity. But, then after peeling away a few corporate shields and trusts you may find the ownership then will rest with the Swiss Dynasty trust and the Full Circle Trust.
How fitting ... THE FULL CIRCLE TRUST. Think some one knew this waaaay back when the trust was first created ... hmmmmm!!!!!!
I feel we all have been had from the get go. And if this was the plan ... it has been masterfully executed.
What say the rest of the more informed posters here on this board.
Because with all the shady and borderline illegal dealings over the last 3 years ... nothing else makes any sense and all the credible people that were associated with BORK have left without notice and want nothing to do with BORK or KRYRON. Why would all these credible and respected people leave with KRYRON having so much potential (and some proven) as a revolutionary product.
A lot of people know what has and is going on at BORK ... but they are not talking ... and there is a reason which we do not know. Must be that there is some risk to them if they do speak.
JohnII and BIGDOG may know more but they won't say, but would like to hear their comments on my thoughts here. What say you both.
UGH ... that is a comforting thought. Just that is enough to make potential buyers run from BORK like jack rabbits from a Texas wild fire.
"I believe the assumption is that once JB finishes doing time on the DUI conviction, that he would be coming back as CEO again."
mikeg2 ... Well, I'm going to put together a wish list and post it up here, you never know.
Seriously ..... we don't even know who the members of the board of directors are and have no way of finding out.
A call to their office leads only to a voice mail recorder.
E-mails are not returned.
Discussions as to any sales or contracts, or joint research with MIT, any new or existing products are all a moot issue.
No one can cummunicate with BORK about anything and BORK is not communicating anything to anyone.
They could already have filed Chapter 7 and we would have no way of knowing unless you were able to do a public records search.
Seriously talking about potential of any product is an excercise in futility
Does anyone know who the remaining Board members are, if any besides Condon???
And John II stated that C. J. Condon was running things. Did that happen because everyone else had jumped ship?
What services did Kenneth Bourque provide that he got paid 500,000 shares of stock for on 3-18-13?
Who is Business Placement Services that BORK paid 5,700,000
shares for their services on 6-17-13???
And it looks like Sean Floyd made out OK by getting paid 4,000,000
shares of stock for his approx. 6-7 months work at BORK.
The recently submitted financials just begs for answers to a lot of questions.
Like why is BORK paying the Goyas and the Goya investing group?
So, let's see if I got this right.
On 6-17-13 BORK issued 15million shares of convertible preferred
stock (convertible @ .04/share) for the first $55,000 funding from Ironridge. That works out to $600,000 worth of stock for $55,000
of capital. Plus Bork will pay 8% interest.
Not a bad days work for the Ironridge group.
BORK only has 80million shares left in the treasury. If they converted today that would suck 30million of the remaining
80million shares left in the treasury.
If BORK stock drops to .01/share when they convert ... then that would suck 60 of the remaining 80 million shares.
At this rate BORK does not have enough stock left to issue in order to draw more of the supposed $7.5 million Ironridge was willing to provide. So, this could mean BORK could only draw another $100,000 from the Ironridge $7.5 million committment
without issuing more stock of some nature.
Some one help me understand how this Ironridge funding arrangement could possibly help BI.