In Sept 2013, AlphaBiologics wholly owned subsidiary of Viropro. I never saw that document before. I think it is the Bank trying to sell the building as part of foreclosure. CT had legal action in Penang court to stop foreclosure. Vivo wants to buy building; but only if they can buy land. Vivo doesn't want to own the building; but have lease on land. I think that this Offer for Sale is what finally becomes the seizure last month. Of course, Michelle Peake knows about it; but she is not trying to sell Alpha. I think document proves 2 things. First is that Building asking price is only 2.9 million dollars and second is that Viropro under extreme pressure and in grave danger of losing Alpha. This For Sale document is a most extraordinary find. In Real Estate, this is like Owner/Landlord trying to lease apartment; but they still have hold over tenant they are in Court trying to evict. The legal situation was Bank had mortgage on building and Penang Development Corp owns land. AlphaBiologics/Viropro owns the building but is behind in mortgage payment and under water and Alpha is far behind on lease payments on land on which building sits. Also in Sept 2013, Viropro Inc had about $20 in corporate bank accounts. As of Sept 2013, CT has been working for 1 year trying to put together a deal to keep Viropro alive. From that For Sale document you know that if throw out CT and the people she is working with walk away; Viropro is dead. The clocking is running out and there is no time to go back to square One. When CT ousted in 5/27/14, Vivo stops paying lawyers trying to stop foreclosure in Court and negotiations by Vivo to buy land and building end.
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