Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[old_timer99]

Frank Olsen made a fortune. Per the terms of QBID's toxic financing, the private investors had 1:10 multiples on their convertible and liquidation preferences to boot. That means if TMM liquidated an asset, the financiers got a value for the asset 10X the sale price and first dibs on acquiring the assets in liquidation.
You'll note Frank and Valcom officers acquired NTI and LBS in liquidation. If Olsen and these Valcom officers paid TMM/QBID $4 million for both asset subidiaries, the toxic financiers got $40 million for the sales. No one knows what kind of kick-back Olsen and the Valcom officers got for acquiring the assets but one can assume it was worth their time.