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Monday, March 16, 2015 1:40:28 PM
Perhaps there wasn't really any debt at all. Maybe MMG just cooked-up the debt so their buddy Barton could get a big block of stock, in exchange for helping them unload the FOGC shell. I wonder if Ken Manzo ever saw the check Barton wrote to MMG to pay off the debt?
By comparison, a clean OTC-QB shell that's trading at a dollar, with no debt, no DTC chill and with the buyer receiving 95% (or more) of the outstanding shares, usually sells for between $300,000 and $400,000. Furthermore, there are dozens of shells like this for sale at any given time. A shell like this is useless for a pump and dump. It requires too much disclosure.
So why buy the FOGC Pink Sheet shell from MMG? If Ray Barton had $400,000 to invest, why not buy a clean OTC-QB shell??? Where would MNZO be today if the company was fully reporting, the O/S was tightly held and the PPS was $1.00?
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