CT did not sell BPD. She sold equipment to satisfy judgement of Jeff Hale. That sale had the full agreement of Deb O'Shea and entire board.
SH had 46% of shares, not a majority. It certainly was not clear they would get 50% as most people don't join a suicide pact. Anybody who signed on with SH didn't care if their shares became worthless; they just wanted pay back for some grudge. The other 6 people who gave SH majority had 80 million shares. They lost a few million dollars. SH started with 30 million as fund 2006. Every investment went bad. Their Viropro investment was worth 12 million. It was about to be worth a minimum of 25 million. So in total these people had 600 million shares. It was impossible to believe that facing the certainty of seizure of AlphaBiologics and Viropro going bust that a compromise to preserve Viropro would not be reached.
SH now has no money and investment are all gone. Since SH is broke I don't expect they will continue to pay Bruce Cohen a salary. Michelle Peake has few hundred thousand dollars back salary from AlphaBiologics she will never collect.
With Vivo having 15 million on table ready to invest in Alpha; it was very hard to believe a compromise could not be reached.
News 
Market Data 
Discover 
