Dog...can we discuss this like adults?
You state :
<<just talked
to Glen from Loyola and Blisson according to Glen if the stock is still trading then the company will honor those shares after the date until its halted.
Also it looks as if the medical unit that was a subsidiary of APOA(with the two lawsuits) has been sold off. This means that the new company Paivis will be cleared of any lawsuits going forward. It also means that there will be no more additional revenue from that unit
So basically the bottom line is that We moved to a higher exchange and have been cleared of all liabilities with APOA and Paivis is now the parent company with JPHC being a subsidiary of Paivis and Macro being a subsidiary of JPHC.
So the whole deal seemed to be just to get Macro to a higher exchange at a cheaper price and for .005.
Thats how he explained it to me.
>>
Would it not be best to get things explanied....especially concerning liabilities, laws and etc, with an attorney and not an IR guy?? An IR guy may not even have completed high school...IR people are puppets, and you have been around long enough to know that..they get paid to say whatever they are being paid to tell you.....
I am not an attorney, but dont know how anybody could say existing lawsuits will not be a problem and the new company has no liability....now, if an attorney told me that, I would believe it.....but how in the world does an IR guy know anything about the law and how exactly does a company being sued, just 'shed' the liability by doing a deal like this...if that was the case, every company being sued, would do a symbol change, do some 'creative' deal, and bye bye go all lawsuits..
Did Glenn give a reason as to how and why these lawsuits/liabilities are simply going to vanish, other then "that is what the company told me"?
Remember, there are not only pending lawsuits, that for the life of me, I dont see how they can simply vanish...but they have alot of other 'liability' issues as well...They are in default on loans, they owe alot of money..there are quite a few issues and I would simply like a logical answer as to how they make all these issues simply disappear and a logical answer is not "because the company said so"......If what you are saying that Glenn said is correct, then any company could default on their loans, get sued by anybody and everybody....they can owe money...and they can simply shed all this dead weight by doing a deal??
makes no logical sense to me.....can you or anybody explain how this is possible with a logical answer that isnt "thats what the company said"
Not busting your horns, just saw your post and I cant help but ask myself how any company can legally shed all that dead weight, simply because they did a deal.....It makes no legal or logical sense at all.....If companies could get out of all liabilities, defaulted loans, money owed and etc, etc, so easily, every company would do it...they would take loans, not pay them...do anything bad they want....steal patents, sell counterfeit products, borrow huge amounts of money and never pay a cent back....and a simple deal and a filing with the sec removes all liability??