InvestorsHub Logo
Followers 180
Posts 9202
Boards Moderated 1
Alias Born 05/01/2009

Re: Top Penny post# 304692

Sunday, 10/13/2019 12:01:36 AM

Sunday, October 13, 2019 12:01:36 AM

Post# of 312015
That's the unused blending plant in Thorold.

And they never needed that land to assemble and license anything.

The companies founder used shareholders money to pay 10x the value to his Uncle who owned that blending site.

Then it sat idle and unused for a decade.

It was another sleazy business practice associated with this POS company.

And now they are stuck with it.....they have loans to the company using it as collateral if the loans default and they haven't been able to find a buyer in the 2-3 years it's for sale because they overpaid so much.