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Wednesday, April 04, 2018 12:33:02 PM
I suspect that once Borgers signed to be DEWM's PCAOB auditer, they discovered the situation with Medworx and had the same issues with DEWM's source of "revenue" in 2014 and 2015.
The fact that Moran's partner at Medworx, Tommy Spell, is considered a key person by the Justice Department means that Spell is under investigation, and likely Moran as well. Maybe indictments will follow, maybe not, but until that's all cleared up, I doubt that Borgers will proceed with producing the materials needed for DEWM to relist the stock with the SEC.
I also think that Moran's recent lawsuit and the amount he says he's due ($4.5M) is directly related to the situation with Medworx. IMO, he's trying to replace the money he obtained from the compounding pharmacy scheme before the government takes it away.
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