Yes I did say I suspect that Platinum and BAM are essentially the same, though they may have been set up of as different legal entities. You can follow the same trail I did to come to this conclusion, and I urge you to do so, as some on this board think I make things up. Start by Googling BAM Administrative Services. You will find a link to an 8K filing by Pacific Energy Co., or PEDVCO. BAM is one of the financiers of PEDVCO. So too is a company called RJ Credit LLC. RJ Credit's address is 250 W. 55th St., 14th floor, NY, NY 10019. Platinum Partners' address is 250 W. 55th St., 14th floor, NY, NY 10019. So I deduced that RJ Credit and Platinum are owned/controlled by the same people. While BAM's address in Manhattan is on 6th Avenue, it is close, sharing the same zip code. Maybe BAM is separate and only Platinum and RJ Credit are essentially the same, but for me, it's too much of a coincidence that all these companies providing credit to small, under-capitalized, high risk firms are different. It is normal for hedge funds investing in risky companies to establish different entities to protect themselves. It's not illegal. But if one believes that the "group of (unamed) institutional investors" going by BAM Administrative Services, LLC, is essentially the same as DMRJ (which is the same as Platinum) it is not surprising that DMRJ gave BAM the right to Implant's intellectual property in the refinancing. There is no fundamental distinction between DMRJ, BAM and Platinum Partnews (and RJ Credit for that matter) I also encourage you to Google Platinum Partners and read the article about Platinum being hot. "maybe too hot." It's one of the first articles to come up. I believe someone on the board linked or copied the article, which basically said that Platinum's smart, experienced people are well known for protecting their high risk loans by tying up a firm's IP and doing what it chooses to get its value out, while shareholders get nothing. But please, don't take my word for it, read the article.
