Two separate posts from the same source on IHell..
Post# of 5066
Posted On: 10/09/2013 5:53:33 PM
Two separate posts from the same source on IHell...I think what he states makes a lot of sense..
Thoughts?
I think it is the next step in spinning regen out of BMSN. Essentially, he is reducing BMSN's corporate holding of regen by 50%. After the dividend , BMSN will own less than 40% of Regen. Add a 100M regen dilution to the mix and that percent goes down to about 7%. Finally, throw BMSN into bankruptcy liquidating its assets (7% stake in regen) and walk away. Keep in mind that all cash recovered from the 4B share dilution of BMSN thus far has been repatriated to regen for the ops expenses . I would expect to see the ip and licenses are probably co-owned or wholly owned by regen. If not, regen will probably by them at fire sale prices out of bankruptcy.
I believe Koos' master plan is to grow regen independently of BMSN. Dividend shares will be coming from BMSN's holdings of 50M. They will be giving half of those shares directly to us shareholders and keeping the rest. By reducing BMSN's holdings in regen, it eliminates the chance of a BMSN bankruptcy effecting regen. If BMSN went into bankruptcy right now, a judge would force Koos to sell off regen assets to pay BMSN debts. If BMSN reduces it's ownership stake in regen, a judge would only be able require BMSN to sell its stake in regen leaving regen intact after a BMSN bankruptcy. Then, Koos can take his shares of regen and walk away from BMSN. Oh, by the way, he can dilute regen to to further minimize the impact of a BMSN bankruptcy. All this is legal even though all of BMSN's assets have been transferred over to regen because it was a wholly owned subsidiary at the time. Once the s1 is submitted, they will be two separate entities: one with an attractive share structure, lots of ip, no debt and a bright future. The other will have 5B share holders and loads of debt.
Thoughts?
I think it is the next step in spinning regen out of BMSN. Essentially, he is reducing BMSN's corporate holding of regen by 50%. After the dividend , BMSN will own less than 40% of Regen. Add a 100M regen dilution to the mix and that percent goes down to about 7%. Finally, throw BMSN into bankruptcy liquidating its assets (7% stake in regen) and walk away. Keep in mind that all cash recovered from the 4B share dilution of BMSN thus far has been repatriated to regen for the ops expenses . I would expect to see the ip and licenses are probably co-owned or wholly owned by regen. If not, regen will probably by them at fire sale prices out of bankruptcy.
I believe Koos' master plan is to grow regen independently of BMSN. Dividend shares will be coming from BMSN's holdings of 50M. They will be giving half of those shares directly to us shareholders and keeping the rest. By reducing BMSN's holdings in regen, it eliminates the chance of a BMSN bankruptcy effecting regen. If BMSN went into bankruptcy right now, a judge would force Koos to sell off regen assets to pay BMSN debts. If BMSN reduces it's ownership stake in regen, a judge would only be able require BMSN to sell its stake in regen leaving regen intact after a BMSN bankruptcy. Then, Koos can take his shares of regen and walk away from BMSN. Oh, by the way, he can dilute regen to to further minimize the impact of a BMSN bankruptcy. All this is legal even though all of BMSN's assets have been transferred over to regen because it was a wholly owned subsidiary at the time. Once the s1 is submitted, they will be two separate entities: one with an attractive share structure, lots of ip, no debt and a bright future. The other will have 5B share holders and loads of debt.
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