Safeplus International Holdings Ltd. (ACAI)

[sunspotter]

"Significant expense reduction here......

FINAL COMPENSATION $ 327,600.00"

Actually I'd say Dr. MacDonald has done rather well.

He's just walked off with more than 10% of the cash that Biophan had on its books before it distributed a rather large chunk of it to the mysterious private owners of Biophan (if you can read, Dr. Tet, perhaps you can tell us what the agreement calls for in the event of dissolution?).

The alternative would be to hang around and wait for BIPH to file for bankruptcy, in which case he'd have got nothing.

It's standard practise for end-stage companies that have almost done siphoning off shareholders' assets into private hands to mop up the last few dollars by deploying golden parachutes.

Expect to see some more creative siphoning in the next few days.

BTW, I've never owned Biophan, never been short on it, and never told a lie about it. I just study stocks like Biophan, Viragen, Aptheon, Intrepid Energy, Natural Nano, FASC, Atlas Mining and all the rest.