Wednesday, November 08, 2006 7:08:47 PM
You said:"The IRS debt I am currently required to resolve was generated both before and after the merger with Ferris VR (various times during 1999-2002), it has grown another 30% in penalties since last year’s “attempt” to resolve it failed by offering the IRS 10 cents on the dollar – the IRS did not accept that “offer.”"
Based on this my guess L Kelly Jones will accept $.10 on the $500K lawsuit which is how the mgmt under his watch tried to settle with the IRS. He gave stock to the leaseholders when he settled with them.
So $50,000 is 10% - at the recent price of $.05 - that's 1,000,000 shares as payment in full
I guess we now get the "rest of the story"......
These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company
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