Biostar Pharmaceuticals, Inc. (BSPM)

[finesand]

Ownership Reorg – A Clean Restart

https://finesand.wordpress.com/2018/07/02/biostar-pharmaceuticals-bspms-ownership-reorg-a-clean-restart/

When you think time gets boring until company files the late 10-K, think again. Company’s BOD and influential successful businesswoman Waiping Liu, also known as Huiping Liu or Huiping Liao under Chinese pronunciation, bought a 16.2% controlling stake of the company. She filed her Schedule 13D on 2018-07-02 at 17:00:22. In summary

- CEO Wang’s Debt payed off, Company’s assets freed, no liens nor litigation
- Huiping Liu takes controlling stake into Company from Mr Wang
- Huiping Liu seeks to remove Mr Wang from BOD Chairman position
- Huiping Liu seeks to reshape overall BOD, essentially taking full control
- Huiping Liu seeks to implement new business plans