M45 Mining Resources, Inc. (fka QTTM)

[CHUNKY44]

That's interesting that the sellers of the claims would take a value of $2.75 a share when the stock was trading in the .80 range when the deal was made. Certainly raises the question of whether or not it was an arms length transaction.
You know, the more I think about it, for tax purposes the seller would only recognize the amount that they actually sold the stock for as that portion of the sales price. So it would probably be to their advantage as well to have an inflated value on the stock price.