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Re: steadykickin post# 6062

Monday, 06/15/2020 3:28:47 PM

Monday, June 15, 2020 3:28:47 PM

Post# of 6773
This is understated and the lack of ANY buys is more concerning. It is understated as the biggest sellers have been Biotrack founders and toxic debt holders as they convert. It has been a race to get out since Venegas incompetence has created mass value destruction. On its own Biotrack was valued at 65Mill based on its last transaction pre Venegas. Adding Venegas and all his other assets and year's later the market cap is in the teens.

Let that amount of value destruction set in. Of course those founders sold and ran. The faux veteran discusses capital deployed but notice can not discuss exits. He has none. Exits and return of capital is all that matters not transactions.

Zero background as an operator but tons of transactional experience. So with only a few hundred thousand left in cash plus a 450K judgement against Helix and he already sold Biotrack's receivable he did more toxic financing that will flood the market in a few months. Get out fast.

The only hope for Rose Capital or any investor left will be to spin Biotraack out as a clean company free of Venegas and take a larger stake in the new entity. Bringing back any if even possible the original people who built the company would be a huge value creator. Let Venegas hold the toxic debt and dead assets he collected.

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