9. What was for Swiss Hawk ?
07/05/09 00:14
What was the need of a big investor like Swiss Hawk, who was
not in the situation during 2007 and following to give big money
for a start-up?
Answer:
When the reverse takeover was agreed to in November 2007, Swiss
Hawk was in good standing and able to enter into financial
transactions. However from April 2008 on it came under the control
of the Swiss Banking commission and therefore lost the ability to
fulfil its previously agreed financial obligations.