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Candyman,
Anyone that has been suckered in before still thinks that Bourke is up to his old tricks. When I dumped $40,000 into the pot, they were just getting the approval on the armor and was in the process of closing a huge contract dealing with the electrical uses of kryon. There were many videos showing how great the product was. I was even told they had huge overseas contracts just waiting for the armor to be certified and approved. All a bunch of bull. AND if the Kryon product is/was so great, why was it not tied up by the government?
At this point I think there is a much better chance of the stock going to zero before it reaches 25 cents. As much as we all would like to see our investment pay off it really is a long shot.
Jim
I hope all of you have a great holiday. AND - Please take time to remember our vets.
Doug,
You asked if anyone had shares of BAM. I thought that I did as I had invested in the BAM offer. When I pulled out my stock cert. it shows shares in Borque. I guess I had them converted and had forgotten about it.
I think my brother still has his BAM shares.
Jim
Philly,
You are worried about the stock crashing? Geez, have you noticed it is selling at less than a penny. You must not have been one of us that jumped in at over 4 bucks.
Maybe removing John from the day to day operations and taking his name off the list of Corp. officers would be a good thing. Anyone researching his past would not be comfortable dealing with an ex con and alcoholic.
Is there anyone on this board that thinks you are ever going to recover your investment? I personally think all of these demo's etc. is just a re-cook of what was going on when I was suckered in at $4.00 per share.
Even if JB is able to sell something I doubt that the shareholders will ever see a dime and I doubt very much the stock price will ever get bat to twenty five cents.
Best to all!
Jim
KZ,
I have no idea how many BAM stock holders took the bait. Both my brother and myself are two of the suckers. I think it would be foolish to convert the BAM stock into Bork stock as the cost of conversion would buy many more Bork's than would be netted by the conversion.
From everything I could find, you cannot write off the stock until it is worthless - meaning bankrupt, out of business and no longer traded.
I think I have a better chance of hitting the Powerball - twice, than I do of ever getting any of my Bork money back.
Happy New Year to all.
Jim
Merry Christmas to all.
If anyone knows anything about the IRS rules that would apply to writing off worthless stock, Please enlighten us all. A number of us have large losses that would certainly reduce our tax obligation if the Bork Investment can be written off as worthless. A jailhouse lawyer (or plumber friend) told me that as long as the stock is trading and being bought and sold, I could not write it off.
One of you C.P.A.'s set us straight.
Jim
Mike,
I guess I am not as optimistic as some. I think my $45,000 went down the drain. Umm, well actually I would have preferred it to go down a drain rather than into the pockets of crooks. AND, I feel that is exactly where it went.
Merry Christmas to all!
Jim
After being banned for quite a while, the IHUB administrator has given me a second chance.
Over the years I have made some pretty dumb investments (American Motors, etc.) but I think my decision to take advantage of the BAM offering officially makes me and idiot in the world of investing. Why would anyone jump in and buy stock of a company that makes nothing, sells nothing and run by a drunk? Not only that - those of us that jumped in never recieved the stock, just some dang letter saying we could convert it in a year, at our own cost no less.
At this point I think all we (those that invested) have left is wishful thinking. My $35,000 is gone - not coming back.
Dang Kool-Aid - I've switched to Crown Royal.
I wish you all better luck in the future.
Bama
Does anyone know why Carol Condon was released/quit? Many of the posts in the past indicated she was working hard to improve the situation.
Maybe a completely new board with new thinking is what we were in need of and it seems that is what we have.
For those that are still bashing Sean, you may not kow that he was just one of us investors that finally got tired of inept management at the company and decided to personally do something about it. He had seen his $100,000 investment at near the %4.00 PPS level fall to almost zero (like many of us). I do not know if he has all of the answers and no one can guarantee his sucess, but yopu can bet your bottom dollar that he does not turn the ship around it will not be because he did not do his best in OUR interest.
jenee,
Before BAM was merged into BORK there was a stock offering for BAM stock. When the merger took place the BAM stock was replaced with BORK stock that was restricted for one year. The restricted stock certificate has to be transferred to non-restricted shares before it can be traded. Those wishing to have their certificates transferred do not necessarily want to sell thier shares, they just want viable stock that can be placed in their accounts with a broker of their choice.
LS2,
And where do you suggest we find a better CEO and BOD that will work for no compensation? This is a startup and is struggling to keep the doors open until contracts can be completed and product shipped.
Jim
KZ,
I will want to join the group - but would like to wait until the pps is closer to 50 cents.
Jim
Electricity and all of the gadgets it runs are a vital part of our everyday life. The
demand from the average family increases every year.
What do I know about electronics? About as much as 95% of the people - if you
plug it in and it works you are happy and if it doesn't you aren’t. I have no idea what
a frigging bus bar is or what a heat sink does. What I do know is;
1. The government wants us to use less power.
2. The corporations want to reduce production costs.
3. The consumer wants a better product for less money.
If it turns out that Kryron achieves any or all of the above, sooner or later, it is going
be in everyone's life - everyday. IF and it is a big IF this company can survive
and sell it then Bork will one day be a major corporation and will make us all a few
bucks. My investment is still down 95%. I do think that could change very fast
with just a few contracts once we actually start to ship product.
I hope Sean is the man to make this happen. He invested heavily in the stock and
when the company really needed someone he stepped up Very few people would
have taken on what he has for no pay (for the time being). And for this I thank him.
Jim
Papaka,
You can contact;
Labertew & Associates, LLC
4764 South 900 East #3
Salt Lake City, UT 84117
telephone: 801-424-3555
www.labertewlaw.com
They sent a Form letter to another shareholder to be filled out and returned. I think they charge $400.
Hope this helps,
Jim
Bob,
I know that others have looked into it and found someone that would handle the whole thing for $300-$400. Several, including myself have delayed the transfer until we see that the stock is going to recover and make the additional expense worthwhile. PM me if you want more info and I will try to put you in touch with someone that has all of the info.
jim
Doug,
I had asked about the production capability at present and Big Dog answered. He said that they could produce about 1000 kilos of the kryron powder a day. I would not consider that to be a small amount.
Big Dog,
Where is the production facility?
Does BORK currently have the equipment/manpower necessary to furfill the order from JBT? Does anyone know approx. how many pounds of kryron can be produced in a day? The LOI from JBT indicates huge amounts of Kryron will be needed and I cannot see JBT going to the expense of setting up shop to move forward unless the capability to produce the product is not in place.
With all that is going on I know everyone is very busy. I hope that someone will let us know the status of the China deal. If it is still a go, saying so might keep the pps our of the tank and give us longs a little something to hope for.
JohnII. Bigdog, Sean? Anyone, just throw us a bone.
Tomorrow will be the third ady of a three day trial. Does anyone really think this is going to be over at that time? I sure hope that regardless of how things come out that Borque industries should have a PR ready to release and advise us, the shareholders, what effect this is going to have on operations in general and the China contract.
Down 70% today!!!
This DWI suit should never have been left unsolved for years.
Why would a DWI trial take three days? Does this make sense? Just how long can a police officer take to state the circumstances of the arrest?
Yeah, with an 8 billion dolar contract they should be able to provide a sober driver.
Please Mr. Judge! Please, Please, Please just slap him and revoke his driving privilages and fine him, and make him do community service - just don't stick him in the pokey
Does anyone have a clue as to what time we may learn of the results of the trial?
Many of us bought large blocks at $4.25 and were down 99.5% just a few days ago. Sooo, any increase will be welcome, but doubtful we will be whole anytime soon.
There is an old saying "Build a better mousetrap and the world will beat a path to your door". How about build a better lightbulb, would that not be better than a dang old mousetrap.
Go Bork!!
I say to heck with the legal noise and ho hum to the back packs. Is the JBT news not the real - best news we have had since the NIJ approval? Does this not appear to be the first and best possibility of an income stream (and a large one at that).
It is my opinion that we are doing ourselves a big dis-service to continue to dwell and speculate on John Bourque's apst and present personal problems.
Aye!!
Doug,
You stated: My sources tells me that the "might not be anything to report" is quite very much not the case and we will "soon" a very sucessful Bourque Industries appear in the next weeks or few months.
Can you elaborate? What sources? Actual size of an order or contract? Anything to make us "losers" feel better about our 95% loss.
I do agree that all of the negative comments, although some are true, do nothing to promote the sucess of the company.
Just think - if it goes up to $4.25 many of us could break even.
All of this may explain why they are gone, but does not seem to mean to be of any value to BORK's future. In fact the reports statement "The Company has recurring losses and has a deficit accumulated during the development stage of $38,000,421 as of November 30, 2012 and no material working capital. This condition raises substantial doubt about the Company’s ability to continue as a going concern." is not prommising. For those of us with large investments in the $4.25 pps range - very doubtful we have any hoope of recovering our money, much less make a profit.
Having said that, I will hold on to my 40,000 shares and hope for the best.
Big Dog,
The URL did not work. Please copy and paste the article to the board or just tell us the jest of it.
Thanks!
I have the latest news.
THERE IS NO NEWS!!
That is the latest and if there is ever going to be new, it will be at least two weeks (Bork Time = 18 months).
Anyone -
Are they still in business? Has anyone spoken to any of the employees or been by there?
I am at the point where I think my 38,000 shares would be worth more if they were printed on toilet paper.
BAM - Once in a lifetime chance - my arz!!
Rock,
With all due respect,why in the world would you expect great news in a few days? We have been hearing this for the last 15 months. I for one have been hearing it every since i was told there were huge contracts awaiting the NIJ approval and thought my buy at $4.25 was just great.
Frankly I now feel there is probably nothing in the pipeline in the near future and the lack of REAL news is breathtaking.
I have no choice but to hang in there and hope they sell some product before the doors close.
Good luck to all!!
Jim
TC
IT APPEARS THAT I WILL NOT BE INVITING YOU TO JOIN ME ON THE AROUND THE WORLD CRUISE I WAS PLANNING TO TAKE WITH MY PROFITS.
MAYBE OLE MAX WILL INVITE US FOR A DRINK AND A STOOGIE.
I WISH SOMEONE WOULD/COULD POST SOME GOOD NEWS FOR THOSE OF US THAT ARE SO FAR IN THE TANK. I'M BEGINNING TO THINK THAT THEY REALLY HAVE NOTHING MUCH GOING ON.
KB,
You are not alone - many of us are down 95%. We drank the minty green kool-aid and bought in at $4.25+. Now the BORK train is off the tracks and looking more and more like it can not be put back on the rails.
Big news and big contracts have all proven to be a bunch of hot air.
I will not sell my 38,000+ shares. I am still in the camp that says just maybe the Bork team can put the company in the profitable catagory - in "Two Weeks".
Richiem,
What happened to P & W?
The same thing that happened to the Isreal deal.
The same thing that happened to the mexican deal.
The same thing that happened to the Strats deal.
The same thing that happened to the agricultrial deal.
The same thing that happened to Every Deal.
A big fat NOTHING!!!!
Fever,
Had you bought a large position at $4.25 as several have, your ulcer would be very mature by now.
Yeaah! Big news a coming. Two Weeks!!!!