DLM was supposedly investing $1 billion for 30% of Bacteria Sciences Worldwide, LLC, an InfrAegis Company, this past summer, but I can find no record of that actually happening. DLM was also offered a board seat which hasn't been given yet either. It's possible the transaction is still in the works. I don't put a lot of stock into these BusinessWire stories, frankly.
Paul
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Anonymous! (no login) 64.12.116.71
Re: who is Donn Morrow
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September 22 2008, 5:29 PM
Paul.......thank you. I have been searching the web, etc., trying to find information about Donn Morrow and the InfrAegis deal....other than wires there is not much out there.
Again, thank you.
Marci
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anon in Illinois (no login) 216.70.135.84
bsw
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December 2 2008, 6:20 PM
look up Illinois's Secretary of State and see that BSW violated stock trading laws. Looks like BSW had no money and tried to leverage the committment. I heard ivestors are wanting their monies back.
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Anonymous! (no login) 216.70.135.84
bsw
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December 2 2008, 6:23 PM
look up Illinois's Secretary of State and see that BSW violated stock trading laws. Looks like BSW had no money and tried to leverage the committment. I heard investors are wanting their monies back.
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(no login) 76.118.252.96
Re: who is Donn Morrow
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December 29 2008, 2:35 PM
In regards to questions about the DLM - InfrAegis deal (actually with Bacterial Sciences Worldwide) here are the facts:
DLM was seeking a large investment. Based on thousands of pages of audited information, DLM chose IA/BSW to invest in.
The investment was to total 1 billion USD over time, and based on IA/BSW having at least 50 million of cash flow.
IA/BSW was to demonstrate 50 million in available cash, beyond monthly operating expenses, and upon POF, DLM was to perform a second, more comprehensive round of due dilligence.
IA/BSW was never able to demonstrate the 50 million, and instead was using the press release that they generated to try and raise the 50 million.
DLM had approved the press release as IA/BSW said it was necessary to be transparent with previous investors.
Upon the failure to demonstrate the 50M, DLM performed additional investigation and determined the company was not ready for a billion dollar investment, and that such an amount was rather agressive.
The deal as previously outlined has been withdrawn.
Michelle Butler
Chief Operating Officer
DLM Capital Investors, LLC
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After speaking with Michelle Butler at length and being more than fairly impressed by Michelles demeanor under pressure as well as Michelles knowledge base we moved into a second round of questions. The problem I (James Workman) had with the PPP that consisted of bouncing deposits floating through Europe to circumvent tax liabilities was the inability for DLM to provide a guarantee of performance for the release of $250m+. I might also add during all of this dialogue David was far too busy to be bothered with a $250m+ dollar deal. I am surprised you even got a response from Michelle over $50m to be honest with you..
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I feel that I should clarify for those not versed completely in sarcasm.. The statement above is not an endorsement of any kind. I would in fact not endorse the DLM group or any facet of their group in any way.
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For clarification.....what is a PPP, and who is David that you refer to as being too busy to be bothered with a $250m + deal......and what deal are you referring to??
and.......are you implying that the failed deal between DLM and BSW was due to failure on DLM's part moreso than BSW??
sorry.....just trying to put pieces together.......I am not a sophisicated financial person.
AND.......TO: Michelle Butler
are there any new deals pending with BSW/Infraegis??
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