Interups Inc (ITUP)

[snow]

RD Thanks for informing us! Of course this is very negative. For one thing, it means big delays for several reasons. Biot was supposed to speed up things by at least 6 months if I remember correctly. For another several months have passed that seem wasted when it comes to the original way of combining Masala Capital with some entities that are also related to ITUP. I guess the process has cost a good deal of money that is now wasted. What happens to the founder shares that have changed hands? The board of Biot now includes a number of people chosen by Laxmi as far as I remember. Have these people rejected Masala Capital as an attractive partner for Biot? The implications seem quite negative for the future borth for Laxmi's group of companies because Masala Capital was rejected. I assume Laxmi will inform us about the situation soon. This reminds me of the cash dividends of ITUP that were not paid and a number of ventures in India that did not come through either. It iseems difficult to succeed in the world of business.