Friday, June 26, 2015 9:11:15 AM
You are correct. I was one of the people that believed that HDSI would never get the intellectual property because HDSI was a shell with no assets and no value. I assumed that HDSI would not be able to pay for it.
What I did not account for is that, if you assume or realize the product also has no value, why not transfer it to a shell? Once you do that, you have all kinds of shares (or preferred that converts to shares) that you can sell off for cold hard cash. Paul still had the potential to make hundreds of thousands of dollars, if not millions, depending on how many times he can reverse split this and convert preferred shares into common shares. With total voting control, he can just create higher and higher super preferred classes that have voting control, and then convert the lower classes of preferred. It is like a 'perpetual motion machine' that keeps printing money for him and his financiers.
Louis J. Desy Jr.
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