MZEIQ: Medizone International, Inc. Key Developments Motion for Asset Sale Approved for Medizone International, Inc. Aug 10 18
The US Bankruptcy Court gave an order approving the sale of the substantially all the assets of Medizone International, Inc. on August 10, 2018. The debtor has been authorized to sell its substantially all its assets to Edwin G. Marshall and Jill C. Marshall, N.M.D., the stalking horse bidder for a purchase price of $0.5 million in cash
. No other parties qualified to bid and no other parties offered competing bids for the assets. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=1911004
the touted 'gold standard' with 'no competition' that, in the end, nobody wanted
---------- MEDIZONE FINALLY ADMITTED THAT OZONE CAN DAMAGE HOSPITAL EQUIPMENT
US EPA - Pesticide Product Label (excerpts)
Ozone can be corrosive
. Repeated use of the AsepticSure TM Disinfection System can over time cause minor corrosive damage to ozone-sensitive materials or equipment.
Ensure where possible that all such materials are removed from the environment before beginning an AsepticSure Disinfection Cycle (see Table 3).
WARNING: Because the gas formula is highly oxidative, care must be taken that the room to be disinfected be appropriate and compatible.Any sensitive equipment that may be adversely affected by ozone or hydrogen peroxide should be removed from the room prior to the start of a disinfection cycle.
Contraindications and Material Compatibility
WARNING: Ozone can be corrosive
and is poisonous in high quantities.
Hydrogen peroxide at high concentrations can be corrosive.