lithium technology bankruptcy results with Monbat
I googled this and the first two hits were Monbat's website and my post on Investors Hub! lol
My post 4548
Gbat the bankruptcy results never concluded in specific information in what Monbat paid for our assets. I wrote all about this before. I think there was a secret deal made and like I said before.. Two year tax deal in which Enersys can write off the whole cost of our past "dealing" good and bad and at the same time take over Monbat. It's interesting Enersys just did some 300,000,000 debt consolidation deal. This could have been done for many reasons. The most interesting thing is to do a tax deal it must be done after two years. Maybe Enersys put in a filing and some crafty people who saw the filing caught on to the idea that this could be a profitable situation. All my speculation
Coincidence?
And finally this!
The deal allows Monbat to tap on a new market in the high-power battery systems solutions, based on safe and proven Lithium Iron Phosphate cell chemistry. No immediate details on the acquisition price.
So Dennis what was the price and where is the money?
The last filing on the bankruptcy listed 250,000 in assets and that money was paid to the lawyers.. What's more interesting I have contacted all the lawyers and they all say the case is over. When I asked details they stopped talking to me. The last CEO and the Verdant people either have been evasive or don't return my request to chat with them. So maybe you can enlighten me why I am wrong... lol
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