Hi all,
Little bit of progress. I will post it all. Patent office sent me an email..Thank you for contacting the USPTO Contact Center.
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I called the rep this morning....said the patent office shows Advanomics owning the patent....BUT...I mentioned the agreement between the two companies, he stated since it was a "business decisions" and if the company doesn't care about shareholder input, then as long as it's filed with the SEC (which it is), it's technically a legal agreement. Didn't get into why they still bill Advanomics for non payment.
Part 2.
I contacted the SEC today, they told me it was a "business decision", as long as it was filed correctly, the appropriate parties would review the numbers for validity/red flags. I explained the same people buying a 51K asset (patent), few years later selling it to a broke public traded company for 4million, she was shocked. She told me: I'd have to contact the state with the business was incorporate (Colorado). I sent this email:
Hi,
I am an investor of the company: Sunshine Biopharma (SBFM), they evidentally were incorporated in Colorado, but reside in another country, Canada. I spoke with the SEC about some issues I have with the company, and wanted a few items clarified.
They are run by 3 individuals, they apparently have/own ALL voting rights, so shareholders have little to no say in business decisions. Do investors have any recourse here? The reason I ask, is these same 3, own a private company in Canada, known as: Advanomics corporation. It has been shown on numerous quarterly filings, that they exchange stocks, assets, and monies back and forth, to their benefit, as they own both.
My issue is the purchase of a patent. Advanomics paid a company 51,000USD for a French patent, from a French company.....as a private company (Advanomics), they held the patent for some years, let it rot, or realized it was useless or a failed patent......then turned around and sold it to themselves for over 4million dollars, funded it with shareholder money. I understand it may be considered a "business decisions", but I'd like some accountability on how they got that number/justification for wasting our investment on a literally useless patent. All this information is filed with the SEC, I just don't understand how this could be allowed as a legitimate business decision/transaction, they are simply funneling money from a public traded company, to a private one. Using investors. Sunshine has reported yearly losses year over year, not sure they have ever made money, let alone afford a 4 million patent, on a patent that had no provable value greater than what they bought it for, 51,000USD. If it wasn't about making the private entity rich, and about "curing cancer", why not gift it, you own both companies...this is highly suspect, and needs to be reviewed!
I'd like to know if shareholders have a right here, and what we can do. If this is legal, I am going to start a private business, and a public one, and make myself a millionaire on lies and assumptions.
Feel free to call me,
Part 3
The inspector general called me 20minutes ago, came up "restricted" and all.....told me it "stunk to the high heaven with red flags", that I should call the Canadian authorities in Canada immediately as she has no jurisdiction. They didn't even have an address for this place. Wish I could play back the voice mail I got from her. Wish she could have handled it, but she did say the Canadians take this kind of stuff very seriously, it would be handled.
So when I get some time, hopefully this is the last stop to putting these guys away, or fined, whatever. There is no logical explanation to why that patent sold for what it did, to a broke company, plain and simple.
Stay Tuned....I'm coming for you Camille ;)
For those who still don't believe, I strongly recommend you review your financial decision here. How can they possibly justify the price tag on that patent?! It's a dead patent.
