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Microcap & Penny Stocks : Angel Investor's Network -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (3)	4/30/2012 1:17:07 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 69

Have seen a lot of what can make a business go sideways or south. It is not a trivial undertaking to build a successful business, imo. Yep.. Have seen a lot of this with my friend's company. They have had their fair share of "drama" with a subversive BOD trying to gain control over the company. One director even attempted to foist a "boiler room" operation on them in a scheme to do a reverse merger.. Only through my due diligence did I discover that the "investment bank" that was trying to do the deal had destroyed the stocks of at least 4 prior companies.. Fortunately that did not occur and they opted to remain private until the numbers improved and they were able to sell some product. It can be magic when all the right pieces come together though. Yes.. it can.. Funny thing about M-Vac is that the founder, my friend's father, originally developed it for the purpose of a better pathogenic sampling system to prevent a re-occurrence of an Ecoli breakout. He knew there was a better way, and obtained the grants to pursue such a goal. And then he tragically died from brain cancer and his son took over. And what is fascinating is that, while the pathogenic aspect has lagged, the FORENSIC market is apparently freaking out over their tech. They just need to figure out how to pay for it in their budgets.. so leasing to own related to the sampling machine is being pursued. What I love about what they are doing is that it should be relatively recession proof (food safety and forensic evidence sampling for DNA and chemical residue), and they will likely be bought out by a bigger company once they can show and established revenue stream from sampling solution re-orders (the "razor blades").. He's had some contact with Angels, but they really seem to be overly greedy and looking for control over the company, something the family is currently unwilling to relinquish. Hawk