DD Support Board and Research Team

[alabama96]

Yeah, I get people’s concern with these custodial takeovers, but IMO I don’t see that big of an issue with it unless they are backdating debt or gaining control of these illegally. If they are going through the trouble of hiring a lawyer and filing for custodianship, then I don’t see why anyone would have an issue with them issuing themselves shares as a way of payment. This is especially true if they are really gaining control and selling the shell to another company for a reverse merger.

There are a lot of shareholders that got screwed because old managment just walked away from these stocks. I for one am happy when someone comes along and takes control. At least Alessi has had a few successful reverse mergers with the shells he has taken over.

The only issue I would have is if these custodians were dumping shares while they are going through the court and getting the company current. If they sell the shell, then IMO they have a right to sell the shares they awarded themselves however they like.