Medizone Intl. (fka MZEIQ)

[fcmboca]

From what I have read on the various filings I do not know how you get to $700 thousand?

The initial proposal was for EM to finance $200 thousand for a 90 day period under the Chapter 11 reorganization filing to run the company for 90 days hoping to get FDA approvals.

Subsequently MZEI filed a Chapter 7 bankruptcy petition (liquidation) wherein the Trustee would accept bids to buy the assets of the company so Medizone would no longer exist.

EM then proposed to end the Chapter 11 and accept the Chapter 7 and made a proposal to buy at auction all the assets of the company "free of all liabilities and shareholders" for a "stalking horse" bid of $500 thousand.

NOT an investment of $700 thousand. It is $500 thousand total.

More than likely NOT EM's money so big question who is financing his bid? Could it be one or two of his big investors that stood out looking at back SEC filings for MZEI? A few individuals seemed responsible for raising big money from friends and family (possibly up to $5 million) so could they be hoping to get bailed out for around $500 thousand and scwewing the rest of the investors? One wonders why MS for a number of months was not so cooperative for months and then shows up on EM 90 day proposal filed with the bankruptcy court....strange?