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09/17/14 8:45 AM

#38929 RE: calbwt #38925

Talk about stating the obvious. Can you think of another reason? Who would buy a dirty shell that has IRS liens, millions in liabilites, no viable product, a technology that has never worked as claimed, and a patent expirirng next year. The entire management team is gone. No transition time whatsoever. The company that acquired majority is six months old and ran out of a store front in Orlando, along with other companies in the same space by an ex CPA. This reeks of a sham like most of IMDS "distributors" they set up over the years.

You would think that the new owners would have made some announcement as to the direction of the company or the reason for the purchase.

Are we sure the "new owners" really exist? Surely through the years the Grables stashed plenty of money offshore. It is at all possible that the purchase of the company is simply some of this money coming back home to keep people out of jail?



integral

09/17/14 9:04 AM

#38931 RE: calbwt #38925

I was thinking the same thing.

LongnShortOfIt

09/17/14 9:36 AM

#38932 RE: calbwt #38925

The people doing the deal are real. I have no doubt about that.

However, their purpose is suspect and their proximity to the company and it's officers certainly beg to know more.

If you google their address, you'll see they are involved with several companies all at the same address. In Delaware, you'll see many of the legal offices with companies domiciled there. I don't know if FL is the same, but The main person being a CPA is nothing more than another money man and has no medical background, nor does any of the others I could find.

Also, if you were to buy a PUBLIC company for that kind of money, wouldn't you make some sort of statement (ie PR) speaking towards the future?