A completely different company, with different officers and employees that had no prior connection to Breitling.
I know that and implied that in the very post about BERX.
There is no getting around that Bering had negative shareholder equity. I mean that in the way everyone but you uses it, assets-liabilities.
Specifically, what assets did Bering have?
As I said before, Bering Exploration was a struggling company with a decent share structure and public float, with assets and liabilities that may have been advantageous to Breitling as they went public.
That's a lot of speculation. Bering was not a struggling company; it was a corpse.
He didn’t do that. He was conservative and tried to do the right thing for everyone involved, including the shareholders of BERX.
I suppose there is some substantive difference between taking 90% of a company and taking 100%. What stockholders were protected? After the creditors and CF et al took their share, what was left?
