Huh??? Yep remembered they were bought out recently by Converted Organics. Now Converted Organics announced today that they established Pharmasphere??? This thing never made sense from the very beginning. Two years this parcel has been tied up for $1, that was never paid, and not one penny of tax revenues has been collected.
Clicke here for the press release. here is part:
BOSTON, July 29, 2010 (GLOBE NEWSWIRE) -- Converted Organics, Inc. (Nasdaq:COIN) today announced that TerraSphere Systems, LLC, a leader in the vertical farming market, has established PharmaSphere Systems, LLC as a biotechnology company that will produce and market high-value, plant-based compounds to the pharmaceutical, nutraceutical, and cosmeceutical markets, through the use of TerraSphere's vertical farming technology.
Same Time Next Year
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It’s been nearly a year since I wrote about the problems that come from
having 11 bosses who are not on the same page about anything, as well as
suggestion...
5 months ago
5 comments:
I read this activity as a sign that this deal is starting to come together for real, perhaps closing by the end of 2010?
Eric K.
Worc., MA
Eric
I really hope you are kiddin? Converted Organics, Terrasphere and Pharamasphere are just smoke and mirrors. This is a complete joke?
Bill
Honestly, I have no clue where this is going, but thought I would see if I could spark some discussion by trying to look at this subject from a different perspective...
It seems plausible to me to think that this recent sale was to finally secure the private financing they needed to make Pharmasphere a go (seems reasonable to me to think that as a startup their funding might have dried up there for a while in recent financial crisis?), and now they are just forming the new LLC's necessary to move forward under the new ownership (not unlike Hanover taking over CitySquare and putting it all under their name CitySquare II?)
Eric K.
Worc., MA
Do not try to bend the spoon — that's impossible. Instead, only try to realize the truth: there is no spoon.
This is a classic case of what happens when bureaucrats, politicians, land planners, urban geographers and the like are given municipal real est. dev'ment job positions.
They have zero real world experience and the sewerage they generate destroys much of what they touch.
Word Verification: bulgers
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