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Posted On: 08/27/2018 9:55:05 AM
Post# of 1514
News - August 27. Subsidiaries Cease Current Ops / Search Opportunities.
All the subsidiaries of Bulova Technologies Group (OTCPK:BTGI) have ceased operations and no longer have assets with which to perform operations or satisfy outstanding debts.
Stephen L. Gurba, President and CEO, stated, “Unfortunately, the debt burden carried by each of the Company’s subsidiaries proved insurmountable in light of the drop-off in revenue experienced. As a result, the subsidiaries have been liquidated, both voluntarily and involuntarily, and operations have ceased. Bulova Technologies Group, Inc., itself continues to search for opportunities to again revitalize the business.”
All the subsidiaries of Bulova Technologies Group (OTCPK:BTGI) have ceased operations and no longer have assets with which to perform operations or satisfy outstanding debts.
Stephen L. Gurba, President and CEO, stated, “Unfortunately, the debt burden carried by each of the Company’s subsidiaries proved insurmountable in light of the drop-off in revenue experienced. As a result, the subsidiaries have been liquidated, both voluntarily and involuntarily, and operations have ceased. Bulova Technologies Group, Inc., itself continues to search for opportunities to again revitalize the business.”
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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