BRE-X MINERALS (BXM,BXMNF) Message Board

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Gold/Mining/Energy : BRE-X MINERALS (BXM,BXMNF)

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To: Arthur Tang who wrote (155)	11/2/1997 8:00:00 AM
From: Arthur Tang	Read Replies (1) of 287

Now it looks like liquidation for two out of three companies. Walsh avoided "piecing of the veil" which could have tied all the companies to his "alter ego"(all his companies are but himself and run by himself and his own wealth). That is how legally, a corporation or limited capital company becomes a proprietorship. In the end, after many years, the stockholders may still end up with nothing. Only the trustee and the lawyers get the benefits. Is there any business at all, that Bre-x can survive on? Only Walsh knows? However, bookrights and movie rights are properties of great value, which is what the company should retain. A restraining order by the bankruptcy judge to prevent others to steal the intellectual properties of Bre-x will protect Bre-x. Trustee can then sell the rights to them, but get a percentage and residue from these properties. Copyrights and brand registration will also be able to prevent others to cash in on the names. The proceeds from litigaion by stockholders will also be a new business and income for BRE-X.

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