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To: AuntB

That’s a good article.

Seems like a company that makes test kits went bankrupt and got taken over by another company, Prestige, that was owed money.

This new company seems to have then taken the assets to another location, in Reedly, completely under the table and without licenses or it seems competence.

This sort of debt trap creditor takeover is pretty common in China. Chicoms are doing it to countries. It’s gangster racket type stuff.

My guess is new company is Chicom affiliated and what their plans are is unknown.


15 posted on 08/05/2023 10:50:24 AM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: ifinnegan

I believe the original company was located in Fresno and the building had a fire. So Prestige took over and tried to save some of the assets by doing some sort of ad hoc lab in reedley.


25 posted on 08/05/2023 11:03:25 AM PDT by Pocketdoor
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