Friday, June 26, 2020 1:50:52 PM
Maybe everything was in place for VRUS to do CBD products took over a year...so you know Garnock was involved.
Garnock is trying to run a super clean CBD business with his other investors at Reset Bioscience.
Garnock enlisted the help of Anshu to clean up the VRUS shell after he bought out all the toxic debt. Basically he was like I don’t care what you do with the food side, but this is going to be a clean shell to roll Reset into and grow the hemp/CBD business.
Then, Anshu went and took out a bunch of toxic debt to grow BLF that was never SUPPOSED to convert but did....and it did off the back of his food division. This could have made Garnock mad bc the shell that he cleaned up was just about ready for the big move.
Now granted with COVID not all Anshus fault....but NO LESS frustrating for Garnock who runs a squeaky clean business with other partners at Reset.
These frustrations caused action on Garnocks part - we don’t know the extent yet bc we haven’t seen additional form 4s...so all speculation on our part.
But definitely I could see this being a reality from a person that calls himself on NUMEROUS websites a “strategic investor.”
Toxic debt is not generally speaking strategic unless you know you have the cash flow.
Who knows ...maybe even AG advised don’t touch the toxic debt and Anshu went ahead feeling confident with BLF.
So many scenarios for sure....but I can see how investing and cleaning up a shell....waiting a year, planning, then right before the move everything goes to crap ...would frustrate you when you are footing the ride.
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