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Posted On: 10/17/2022 6:01:22 PM
Post# of 36570
I want to keep my expectations realistic. The appraisal was in 2020, during the Covid pandemic. The announcement focused mainly on a Covid vaccine. https://www.globenewswire.com/en/news-release...-Firm.html I think that train has left the station.
The buyer (for now) is Bio & Med Tech of the Future. I could find nothing on the internet about them. If they were established, in this day and age, you would think that Google would find something related to this name. So, this could simply be a single or group of investors. $1.5 million is not a large amount of money to “cobble” together. The big questions for me are:
How much money do they have after buying NuGenerex?
Is it enough to actually run the company? And for How long?
Do they have access to valid (not Joe type) financial assistance?
What is the future direction they want to take the company?
Do we even know if NuGenerex has any employees left, let alone how they got paid. How much of NuGenerex is an actual “going concern” and what and how much $$ will it take to get it going in the profitable direction? A company without people is just a piece of paper and maybe some “brick and mortar”.
I will also consider your first statement that Bio & Med Tech of the Future could be a “front” for an established medical corporation in order to hide their identity in order to limit exposure to the NuGenerex’s potential and thus keep the bidding low.
The buyer (for now) is Bio & Med Tech of the Future. I could find nothing on the internet about them. If they were established, in this day and age, you would think that Google would find something related to this name. So, this could simply be a single or group of investors. $1.5 million is not a large amount of money to “cobble” together. The big questions for me are:
How much money do they have after buying NuGenerex?
Is it enough to actually run the company? And for How long?
Do they have access to valid (not Joe type) financial assistance?
What is the future direction they want to take the company?
Do we even know if NuGenerex has any employees left, let alone how they got paid. How much of NuGenerex is an actual “going concern” and what and how much $$ will it take to get it going in the profitable direction? A company without people is just a piece of paper and maybe some “brick and mortar”.
I will also consider your first statement that Bio & Med Tech of the Future could be a “front” for an established medical corporation in order to hide their identity in order to limit exposure to the NuGenerex’s potential and thus keep the bidding low.
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