Sunday, September 02, 2012 9:09:34 AM
The bankruptcy is complete bullsh*t.
These are former employees of ReceptoPharm that are trying to extort money from Nutra Pharma. Nutra Pharma is not declaring bankruptcy and no court would approve this. Why would a court allow an involuntary bankruptcy when the company is starting to market their products and they announced a $10M credit facility a few months ago? At the worst case, everyone gets paid after a registration statement:
Southridge 8K
This is just a distraction and will go away. The recent volume shows that there is interest in the company again. Sales will be the real indication over the next few months.
These are former employees of ReceptoPharm that are trying to extort money from Nutra Pharma. Nutra Pharma is not declaring bankruptcy and no court would approve this. Why would a court allow an involuntary bankruptcy when the company is starting to market their products and they announced a $10M credit facility a few months ago? At the worst case, everyone gets paid after a registration statement:
Southridge 8K
This is just a distraction and will go away. The recent volume shows that there is interest in the company again. Sales will be the real indication over the next few months.
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