ragingboom,BioInquire!"Should the results continue to improve to...

ragingboom,

BioInquire!

"Should the results continue to improve to the levels projected by the original shareholders of BioInquire at the time of the acquisition then the Company has the option to revalue this asset at that future time."

A few points here:-

1. Does this mean that they would then take another bonus?

2. It makes you wonder what due diligence was undertaken for this 'bargain purchase'? Sounds more like the bloke in the greatcoat came up to them and said - 'have I got a deal for you'!

3. What was the NuSep forecast for this 'deal'?

4. Who received the $1.5m that was supposed to be paid by the US government?

How much did we end up paying for this 'product'?

The financials are still eagerly awaited.

Regards............

It appears to me that they relied completely on the sellers information only - without their own due diligence.