They didn't get something for nothing. Due to bankruptcy the VC firm gained ownership of the Wellness Indicators assets. The VC firm has previously provided financing (i.e. cash) to Wellness Indicators.
Did a quick check: 1. ZIVO paid a portion of the purchase price in shares. That deal is over 2 years old now. And the number of shares roughly 1.8 million shares (valued at .31 per share) isn't anywhere near the volume that traded in December and January alone (roughly 5 million shares). Those were the days eh ... 31 cents a share. 2. Essex distributed 1.1 million shares almost immediate to satisfy debts. Principals Essex got those shares as they lent the money to Essex in the first place. 3. Sedar filings for Essex still list ZIVO shares in their statement of assets in most recent filings as of August .... but the share count would be roughly just under 700,000 shares. http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00030108
Since they hadn't sold by August ... they would be losing their shirts on the deal based on the valuation when the deal was made.
There was another lender in recent years that had converted millions of shares (roughly 4 million as I recall) ..... IMHO, those were mostly sold off already but no way of knowing for certain.
Wouldn't shock me if a guy like Shapiro was selling. He's into some other things that I have been watching. Mostly joke ideas tied to Howard Baer that are either sub penny or getting closer to it. Another one is at least semi intriguing. But has its own issues.
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