Bourque Industries Inc (BORK)

[gotmilk]

Perhaps the following procedure can be used....

1. You (aka, someone, anyone, to whom it may concern) are holding BAM (Bourque Alloys Manufacturing) shares.
2. Its unclear to me if that private company, Bourque Alloys Manufacturing, was ever incorporated into Bourque Industries, and even if so its unclear if it resides with assets, or simply as past posts speculate that it has no physical structure, no equipment, and seemingly as commented by Bourque Industries officers that it has no cash since the money was in their words, "lost." It has also been commented that the license it held was already issued to Bourque Industries, meaning it had no value to Bourque Industries.
3. Its unclear to me that while a BAM share in that private company had cost of $0.75 per share for the investors, to be later converted to a BORK share either by those that created the Bourque Alloys Manufacturing private company through their personal BORK holdings, or perhaps using the BORKs obtained by the Bourque Alloys Manufacturing private company as a direct transfer of BORKs from Bourque Industries as a purchase price Bourque Industries payed to acquire Bourque Alloys Manufacturing, its unclear if any of the BAM investors obtained either BAM or the promised BORK shares, and even if so in any case, once the restriction period was expired did these share become available for trading as the Chill went into effect for BORK shares.
4. If someone holds BAM shares, it may be realized that Bourque Alloys Manufacturing is a defunct company in regards to their BAM shares being totally converted into BORK shares, meaning a held BAM share has no company for which it represents. But here its also unclear if those persons that created the private company Bourque Alloys Manufacturing, and its share structure, currently hold BAM shares or had them exchanged to BORK shares upon the merger.
(Reference) On September 26, 2011, [Bourque Industries] agreed to acquire the following four companies through four separate reverse triangular mergers: ... Bourque Alloys Manufacturing. Inc., a Nevada corporation ("BAM"). BAM was incorporated in May 2011 and was the licensee under a license agreement from Kryron Global LLC granting BAM the rights to exclusive manufacturing of armor for military and law enforcement, mining equipment and agricultural equipment..." [stop.]
5. My conclusion, based on no available facts to support or deem actual status, is that holding BAM shares may be used as a tax lost against other tax gains if the BAM shares are defunct against the prior private company Bourque Alloys Manufacturing.
6. If one did obtain BORK shares for the BAM shares, and if these BORK shares are trade-able then a tax lost of near $0.75 per share can be taken if one now sells these BORK shares at the current pps near one penny.

Doug