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Re: hestheman post# 81822

Wednesday, 12/17/2014 9:48:42 PM

Wednesday, December 17, 2014 9:48:42 PM

Post# of 224740
The debt was exchanged for equity shares.....period. The rest of the assets were liquidated and all debt was settled, leaving a clean debt free shell whose ownership belongs to a billionaire doctor. It's as simple as that.

Here's the thing… If what you want is a clean shell, God knows you don't have to pay nearly $20 million for it. What did CalCap get for the sale of the VOIP assets?
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