Bourque Industries Inc (BORK)

[MerthyrQ]

With rare exception, when a corporate shell raider (one taking over a corporate shell through the courts) fails because the existing corporate officers step up and become active in filings and behavior, as BORK management did, then the corporate raider drops their efforts and withdraws. In this case there was court action to vacate the effort to take over the company.

The end result is that all the efforts and investment in the cause, by the raider, is lost. There is no picking it back up later "with a vengeance." If after some more time, most likely five years or more, the raider arrives back on the scene because management become again neglectful, then the raider must start entirely anew, from scratch. There is little or no benefit useable from the earlier attempt at custodianship.

This is not to say V Financial is not a reputable and honorable company. I believe they are. They just did not succeed at this particular attempt. Oh well, which company is next for them? It makes no difference to BORK and has no affect on BORK.

That is the nature of this business. V knows the rules and the risks and plays the game well. Not every play results in a score and a won game.