Replies to post #2775 on 5BARz International Inc. (fka BARZ)

[roguewave5]

Your guess is as good as mine. Seems like they are still kicking and screaming.

But the Receiver already has 99.9% control over the company. From the reading I’ve been doing there are many forms of receivership. On one side it can be like a reorganization to save the company from bad management and on the other side it can be a total liquidation of all assets and the company, for the Plaintiff to recoup whatever losses they can.

If you read through the court docket it does mention that the receiver has identified that Cubera is in the middle of an over $20 M financing deal and I would hope the the receiver is only entitled to recoup their $300 thousand and then they’re out. I think I put the link about 2 messages down. It’s very convoluted. With all this I guess that deal could easily fall through.

There’s a pretty good chance jonsmile is right.

[roguewave5]

Maybe I got that wrong that the receiver has 99.9% control or ownership, but the court did give them control.