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Biotech / Medical : Mibella
PYCT 0.000001000-95.0%Jun 4 9:30 AM EST
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From: mortalmyth11/5/2012 12:15:11 AM
of 39
 
What is Xinpro Really Manufacturing and What May be Bought?

Paychest clarified their intentions in their 2Q2012 report filing ...

Reference from page 5: "Except that we have signed a letter of intent to acquire the film manufacturing from Xinpro Manufacturing, there is no purchase or sale of plant anticipated."

Paychest clearly states they are possibly considering acquiring the FILM manufacturing capability from Xinpro, but not the whole plant (if it even exists since no one has yet to provide any proof). That's why a question was submitted to Tom Hands (Paychest IR) on 6/15/12, concerning who has Flushaway and/or Mibella end product manufacturing responsibility (as noted below).

7) Does Xinpro Manufacturing of China only produce film for their work share in product production, or are they also responsible to produce the end product(s) and/or its packaging?

So, who is producing the absorbent material and how are the end products being produced and who is doing it since Xinpro clearly isn't performing these operations per all PRs from Paychest which indicate only the Film production aspect? Does anyone have insight into this important piece of the puzzle? It just might answer why no actual Flushaway and/or Mibella product completion has been announced to date or product shipped, and why even the Paychest website doesn't have product pictures and packaging information on it. Think about this for a few minutes. Is the company just clowning around with the shareholders?

Good luck to the longs.
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