TRNX - BBHC stumbles 22% on liquidating Water Pilot stake

BBHC ([[TRNX]] -22.6%) announces liquidation of 51% stake in the Water Pilot in order to clear its liabilities.The Water Pilot’s primary target client verticals operate in the fast food and restaurant market, hotels and hospitality, national retailers, and elder-care facilities, Due to the COVID-19 pandemic and the prolonged downturn in the business activities within the Water Pilot’s target market, the subsidiary failed to achieve sufficient revenue generation to sustain its operations“It is our goal to liquidate the remaining royalty payment rights, the Company’s stake in the Water Pilot, as well as its stake in Tarus Therapeutics. Based on our estimates, the proceeds of the disposition of these assets should enable the Company to clear its remaining liabilities and obligations. If these obligations are cleared in the near term, the Company will apply for voluntary de-listing and dissolve the business. The expectation is that this process should take three to six

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BBHC stumbles 22% on liquidating Water Pilot stake