BBHC stumbles 22% on liquidating Water Pilot stakeSeekingAlpha.com: All News • almost 3 years ago---
- BBHC (OTCPK: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.