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Tuesday, October 20, 2009 6:33:51 AM
In my eyes, the reverse merger was a takeover of SNWT by HBSY (and not the other way round). Otherwise, it would have been a forward merger. Therefore, HBSY took over SNWT but is using the corporate hull SNWT for their "business" (which was trying out many things and skimming equity). So far they tried renewable energy (prior to Human Biosystems) and bio research. So far, everything failed (which is actually normal for startups). However, I don't like the involvement with stock promoters of shady reputation. That's a dark red flag.
Where is HBSY management now? And what makes you believe SNWT is run by completely different people?
Thanks,
Value
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