Well something many overlooked, the company Restricted themselves over the summer. Meaning the 3 subsidiaries working under the umbrella of GeneSYS ID.
What that tells me is the company couldn't raise the money so they built the three Private Subsidiaries. Supposedly easier to raise money this way without diluting the company. Instead they offer a percentage of equity(company) to the non toxic lender.
Each company would have to approach the lenders individually offering equity from which ever company they are loaning money to.
At end of day everything from cash, revenues, liabilities will all reflect on GeneSYS ID's financials and we as shareholders maintain our % of ownership unscathed.
I really feel that WS has accomplished very little and the 3 Tier $56m deal may be obsolete, most likely a share selling scheme, imo.
Everything I say is in my opinion, do your own DD and make your decision wisely! Don't spend more then you can afford to lose!
