Replies to post #18371 on Bourque Industries Inc (BORK)

[Scorpitron]

Someone should make JOHN11's post a sticky.


JOHN11 wrote:


The property in Eloy is still owned by Bork. Two weeks ago I got some info from Bork for Russell Twiford and his investors. They are hopeing to buy the property for $400,000 and that is the asking price from bork. Will this deal get done, I have no idea as I am not involved, but I do know it is being pursued.

ATL (Sean) I helped Sean to get to where he is now, remember I told you all I went to JB last June 2012 and got into a fight with him, Sean sent me his resume and I give it to JB, Trust me, Sean is qualified and he is a good guy, he has also invested alot of his money into bork before being hired by JB. I talked to Sean just about every week, I do know what is going on, I do not know the particulars, and I do not ask and Sean does not tell me about the deals he is working on. All this talk about Sean being a puppet of JB is way off the mark and to put it blantly, you guys do not know what you are talking about, and as of today, the only person I trust at Bork is Sean, All the others have had ties to JB before Sean was hired in June 2012 and also my friends, Sean still has not been paid and I personally know that. So, say at your will, you do not know Sean Floyd, and I can attest to that fact 100%.

What I was asking about JB and his board, was it legal for him to do that as a convicted fellon. Does the SEC look at this I do not know. Sean is doing the best that he can with the current situation as he had no input on this guy Matthrew amd what kind of a deal did he and JB had last year that put him on the board as Chairman, was it legal, that is all I am asking, They have been on this board since 7 Feb 2013, what have they done, to me nothing, what are they getting paid and who gave it to them, what are the contracts. As a heavily investor into the company itself and not over the counter purchaseor of stock, I was never asked or should I have been, I do not know.

The board should have a thorough aduit of Bork Industries and fellow the Money trail, too much money as gone out the window and no accountablity, as all investors need to know the situation as to what happened.

My friends, do not blame Sean for the past as he was not there in the first place when most of this went down, He was never incharge till Feb 7, 2013 and I know this to be true as JB called me after the first day of the court hearings that night and told me. Let's really get our facts straight on Sean before making wild statements that you have no proof just you are assumeing, remember there is a saying, (Don't assume, you will make an ass out of you and me). Just a thought.

Thanks and have a great day.

[abcde2]

Bourque Industries must have a second mortgage/security interest in this property. JB bought this property with no money down and took this asset out of the company. The consideration was/is a 600K note that with zero payments would have increased it by now to 700K and payoff of the small existing mortgage at 20% interest (shrewd bargainer ). That small 20% interest mortgage is the one being foreclosed by the lender. Bourque Industries hopefully was intelligent enough to put the 600K mortgage on this property or they will realize zero. If Twiford ( what a coincidence ) were to buy this for 400K the first payoff would be about 110K with unpaid interests to satisfy this first mortgage. That would leave only 290K available for the junior lien holders. If Bourque Industries DOES NOT have a mortgage filed as of this second they better run to the registry immediately to protect their interests.

If no mortgage were ever placed on this property it would be like you buying a home for 600K with no money down and taking a mortgage for it with Bank of America ---If Bank of Am forgot to place a mortgage on the property you could then sell it and pocket all the cash or fraudulently take out another mortgage in front of this if they were forgetful. That , of course, does not happen. In Borkland anything is possible. That would be a fraudulent conveyance as well that the Bourque management would have serious issues if this is not resolved today and thankfully they appear to have time left in the day to go file that document.Good work John 11 and now the 600K will at least get BORK 290K and not be a total calamity. Of course, this is the same property that was originally on the market for 1.5MM when Bourque bought it for his trust cheap. Is Twiford a member of the Full Circle Trust as well Johnn11?

[gotmilk]

Greetings JohnII,

Let me paraphrase your concerns with a focus to examine further than a "money trail."

"... a thorough audit of Bork Industries is needed into acquisition agreements for targeted companies for issuance of Bourque Industries restricted Common Stock."

Expect an appearance by Kim Southworth having a legal defense placing blame onto John Bourque for how he created the Bam Offering.

Money spent trying to obtain a "Letter of Opinion" to have restricted BORK shares obtained from the BAM Offering unrestricted is throwing good money after bad, for even if sucessful that transaction will later be declared an extrajudicial event of a huge "can of worms" having BAM certificates being replaced, with all BORK transactions being null and voided at holders expense.

#msg-79745139 - Bad for John Bourque, good for BORK
The following judgement would be rendered:
- The 92 million restricted BORK shares to be returned to Bourque Industries.

Additionally, a second appearance by Kim Southworth having a legal defense placing blame onto John Bourque for how under directions of John Bourque "Bourque entered into an Acquisition Agreement to acquire – through a reverse merger into a wholly-owned Company subsidiary – all of Basalt Fiber Technologies, LLC, in exchange for the issuance of 5.9 million shares of Bourque Industries restricted Common Stock to the target company’s shareholders. Kim D. Southworth, Basalt Fiber Technologies' President and a Director of the Company, owns approximately 75% of the outstanding stock of Basalt Fiber Technologies."

Doug

[BJ69]

Good post John like always. Just wanted to say I read and followed Seans post way before he was hired by Bork. I just want to say he has 100% of my confidence that he is the man for the job. I don't know if sales and contracts will come together before they run completely out of funds or not , we will see. My money is on Sean and I have quite a sum invested along with other friends which fell the same about Sean. Hope Sean sticks in there until the end and I hope the end turns out to be a great ending.Have a great evening.

BJ69