Yes, the ex-con convicted Ponzi schemer. If you look this guy up you’ll see he orchestrated one of the biggest Ponzi schemes in history with thousands losing their fortunes so its rightly so he pays the court ordered restitution BUT its $463M?? Merging anything with this is more like getting aboard a ship thats never going to sail, or if it does it will sink. I would be careful trading this ticker; short term gains perhaps, BUT long term...no way. IMO, LTCP is looking for value in a lions den, http://www.nytimes.com/1995/04/21/business/hoffenberg-confesses-to-ponzi-scheme.html. If there was any real assets they would have gone to the victims a long long time ago in a galaxy far far away,
http://www.crimes-of-persuasion.com/Victims/restitution.htm.
No assets here IMO only perceived value with a huge restitution tab. I hope it works out for anyone trading this. GLTY
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