JB told a group of us that BAM was created because of the accounting mess that was GPGI/BORK that they could not clearly explain to an investor where the public company was from an accounting standpoint and that they would roll BAM to BORK once they had the books completed.
It was also interesting at that time JB said that he owned the patents personally and would not be putting them into the company. That is when the funding group assembled at the table walked away. I see that changed once he could not raise money, putting patents into the company.
JB also rambled on about how Kryron was going to be its own commodity someday traded like gold or orange juice futures and that he had been offered a billion dollars for its rights and turned it down in order to create jobs for Arizona. I remember walking out of the meeting and the managing director shaking his head and saying that JB must be on crack the way he was talking and acting as he stopped important discussions to take personal phone calls when he was asked important questions by the fund. They were appalled by his actions.
Anyway, I just remembered all of this while trying to recall why BAM was created. Of course who knows the real truth.
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