InvestorsHub Logo
Followers 284
Posts 43844
Boards Moderated 6
Alias Born 02/22/2005

Re: ScovilleUnits post# 369

Sunday, 04/02/2006 2:47:40 PM

Sunday, April 02, 2006 2:47:40 PM

Post# of 746
Well, I have all the SEC filings proving up.

Very detailed account of Berkshire Bio assuming control - shareholder names, all Taylor insiders. If anyone here would like to see them, they only need ask.

The reason management got into trouble was because they allegedly converted a bunch of preferreds into commons - and created something like a trillion common shares. That was in direct violation of IPCY's charter, so the IPCY BOD were voted out by the "pleasant" folks at Berkshire. But they wouldn't leave, and a proxy battle ensued. As recently as last summer I heard it was still raging.

So basically, both parties were trying to hijack the other.

Funny how that lawsuit got dropped. Sounds like a deal was cut.


Good stocks are obvious. Extensive DD is how you convince yourself to buy a bad one.

>^..^<
http://www.investorshub.com/boards/board.asp?board_id=3961

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.