The podcast "the unicorn" is an independent production that has studied the history of the company and tried to build a neutral narrative.
It leans in no one's favor and analyzes the case that attempted to destroy the idea I created.
My story is well described in the first four installments. Everyone is able to get an idea of what is best
between me and the "team" of people who organized the attack against us to stop the company with deception.
I don't think it is necessary to add anything else.
I also report a series of 5 clarifications useful for understanding 5 steps, not precise enough.
The 8 episodes are in Italian.
EPISODE 4
Since the PODCAST_Another 6 more or less stable months have passed, when the shares are still worth just under 30 euros each. But it is in May 2018 that everything changes.
The reason is the approval of the 2017 budget, which photographs impressive growth. Consolidated revenues rise from 5 million to 11; but what stands out is the passage of net profit: from 400 thousand euros to 5.2 million.
An increase of more than 1000%.
FALSE, THE STOCK HAS NOT MOVED IN RELATION TO THE PRESENTATION OF THE FINANCIAL STATEMENTS on March 31st, but instead has even decreased in value.
EPISODE 6
From the PODCAST_Of all the financial statements, Dr. Salòm focused above all on that of 2018, which compared to the previous ones had an impressive profit: 33 million euros, against not even 5 million in 2017 and just over 60,000 in 2016.
FALSE: IT WAS 12 and NOT 33. It is written everywhere, just download the balance sheet from the site or the press release. Such a budget has never been signed and this has never been declared.
EPISODE 6
Since PODCAST_We are in April 2019, Bio-on's balance sheet has just been published and the announcement was accompanied by an excellent response from the markets and important announcements, made of ambitious projects and a future in which dreams seem to be ready to come true.
And indeed, the Unicorn flies, revenues increase exponentially, but according to the documents, the cash flow does not reflect this situation at all. The turnover is growing, but the cash on hand does not come in, because it consists mainly of receivables from joint ventures, which will be collected later. So Bio-on's financial situation would be precarious, with about 20 million cash burned in 2018.
FALSE, THE STOCK HAS NOT MOVED IN RELATION TO THE PRESENTATION OF THE FINANCIAL STATEMENTS, IN FACT IT HAS DECREASED IN VALUE since 30 March 2019.
Furthermore, everything that Gabriele Grego says he has discovered (making fun of everyone) is written in the financial statements. The financial statements have always been public and published on the website (still online). The press releases have always reported the main items of the financial statements so the phrase "...but according to the documents..." is information disconnected from reality. The reality is that all of this information has always been presented with a regular press release, publication of the financial statements complete with explanatory notes and a single number has never been hidden or modified. In fact, in the investigations, no one disputed any numbers, but only the interpretation of international accounting standards that had just been published and adopted. The opposite can be inferred from the narrative. It is not true that Bio-on did not cash in. The receivables were all certified and payable, generated by large industrial groups. The cash was not "burned", but invested in the company's assets and in the Castel San Pietro Terme plant and in the research laboratories that have produced important global patents. All these investments were then confirmed by the Court's assessment in 2021. We went from Grego's statements then fully absorbed by the investigators "...on strong doubts about the existence of contracts, products and companies" in 2019 to a concentrated change of accusation on the identification of a problem of "interpretation" of an accounting standard in 2022 (so product and company contracts existed). Too bad that the company has been destroyed in the meantime.
EPISODE 8
From PODCAST_But then, you have to ask yourself how a story that isn't finished can end.
What we know and can see is that Bio-on - until proven otherwise - has fallen on the balance sheet.
"The company has fallen on its balance sheets" enunciating it in this way is NOT neutral and it is a position taken by the production of the Unicorn which in this way risks siding with the prosecution. It must always be clarified, in a statement of this kind, that the financial statements have been certified by EY and PWC and have always been confirmed as regular. EY's Dr. Rosa exited the trial due to personal problems, but 100% confirmed all the certification of the financial statements. It should be specified that the prosecution disputes a budget item, but not the budgets. No one has yet proved that they are irregular, so much so that PWC, EY (two of the four major certification companies in the world) and all of BIO-ON confirm their validity.
The narrative in this case is NOT neutral.
Listeners can combine the word "BUDGET" with everything, but this is NOT true and there is a risk of being confused even as generators of FALSE documents when this is NOT the case. It is a serious communication problem that exposes us to incorrect consideration. If they examine the press releases of the presentation of the Financial Statements all the numbers have been confirmed. In fact, an interpretation of a single accounting item based on newly issued international criteria was contested. Both the "technician" of the small hedge fund and the prosecution considered valid the declarations of two subjects in conflict of interest with the largest Italian biopolymer producer. By just narrating the words "The company has fallen on its budget" everything becomes extremely misguided and inaccurate. In episode 8 this is NOT clear and tarring everyone with the same brush generates an incorrect reference for everyone.
EPISODE 8
From the PODCAST_E regardless of everything that has been said or done, we know that PHA, the revolutionary product that would have buried - once and for all - the invention of the engineer Giulio Natta, has not been investigated .
"The product" has been the subject of an investigation and is contested by Gabrile Grego and the Public Prosecutor's Office in all official documents. The events that have occurred to date have contradicted the statements of the Chief Prosecutor reported by the video, easily traceable online and included as audio in the "Unicorn" series. These statements were released immediately after the blitz of 23 October 2019, when the company was beheaded and subsequently bankrupted by the Court without involving the shareholders and investors. We find all this in the public documents, in the remand and in the indictments, all documents in the records. Newspapers also reported it extensively. Although it may seem incredible, this is the reality of things throughout 2022.
