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Re: iflyboats post# 16517

Sunday, 08/30/2020 3:54:10 AM

Sunday, August 30, 2020 3:54:10 AM

Post# of 63384
Here's what's different. The company was run by its scientists... very poorly. They went for ultra dilutive convertible debentures to fund themselves, which resulted in massive dilution. When they asked for more, the SEC said no, thus the BK Now its biggest debt holder, AUCTUS, has stepped in. Administratively speaking, AUCTUS is 100X more efficient than the scientists.

Why put MORE $$$ into a "sinking ship?" Because of WHY it was sinking (see above). Because this company is coming OUT of bankruptcy, not going into it. Because they've recently been granted valuable patents for their tech, valid all over the world. Have you never heard of the guy who quit mining for gold, giving his little mine away for peanuts, when the new guy struck the richest vein EVER with the third strike of his pick? BRTXQ was CLOSE, but couldn't get over the hump. Now Auctus will help them do that very thing.

Why throw good money after bad? Because it was never bad money in the first place. It just lacked a few vital pieces of the puzzle, and those pieces have arrived!
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