InvestorsHub Logo
Followers 1
Posts 265
Boards Moderated 0
Alias Born 01/12/2016

Re: None

Monday, 07/24/2017 11:04:45 AM

Monday, July 24, 2017 11:04:45 AM

Post# of 47873
The company doesn't have to show all the financials yet because this current vote in its simplest form is whether or not give them the access to our assets to use as they wish.

If the Vote goes to Reinvestment in Securepoint and they decide to go forward with this VIVOS merger then they will have to show us in depth financials and put this to yet another vote to shareholders of record " at that time" (that's right more voting!!) If shareholders of record do not like what they see of these financials, the merger does not go forward HOWEVER Secure Point have control over our money until it is all used up. At that point they may or may not find another Company to buy. It has been very clearly stated in "their plan" filing that they are not obligated to successfully engage another business opportunity within the 12 months allocated

One thing is for certain here if the Reinvestment Plan is the winner of the day.... and that is our current executive team will keep getting paid until the money runs out. Our current CEO is getting paid at the rate of 300k a year since the bankruptcy was filed last Oct, virtually having no Company to run. Our previous CEO was getting paid 270 K a year with over 85 employees and bringing in over 50 Mil in revenues.

Voting ends on Thurs. We'll have our answer soon enough

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.