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Pnypnchr

11/16/18 5:34 AM

#52711 RE: broken_clock #52710

Keep them coming broken clock.
Documents don't lie.

BIOAq Invested!
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Brucebannerr

11/16/18 7:56 AM

#52712 RE: broken_clock #52710

1.5 million more wasted money . Comet has like what 35.000 in assets . And they have a 6% ownership! Hahaha . Are either one even still in business since their cash cow has now liquidated for pennies on the dollar ?
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JamStar

11/16/18 10:29 AM

#52742 RE: broken_clock #52710

I love the 91m in Sarnia. Lol. It’s funny that this thing
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doughnuthole

11/16/18 11:21 AM

#52757 RE: broken_clock #52710

Where is this from?
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TenKay

11/16/18 1:35 PM

#52762 RE: broken_clock #52710

The Sinoven “investment” was worth about $32K per the last BIOAQ financial filing. Total asset value of Sinoven was about $64K which BIOAQ had a 50% claim to.

Regardless, ANY value that could be realized from those investments would be sucked up by the remaining secured claims and all the unsecured claims still on the books (over $50 million).

From the perspective of a common equity holder it is meaningless.
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eddy2

11/22/18 11:47 PM

#52992 RE: broken_clock #52710

Chump change. The trouble is the word “invested”. There is nothing there saying that those investments are worth anything near what they put into them. In fact you take there gross revenue minus the revenue from the selling of equity ie: tax credit or the paid in capital if you want to look at it from the common share perspective.

A company is only worth what legit revenue will produce after all set and done. Revenue from the selling tax credit and using that to create capital from depreciated assets is not legit.

They weren’t even drawing a wage. They where living off the collateral from outside the corporate walls. In other words chewing on the collateral until the paper trail caught up to them and the creditors said hey wait a second fellas.

Anyhow it’s all there. Don’t be blinded by what one pays that’s the biggest game out there. Overpay, put up outside collateral then eat the creditors lunch by nibbling at the outside source of collateral then supporting it with a generated tax credit from the selling of overpriced goods.

Not rocket science, it’s all there in black and white.