InvestorsHub Logo
Followers 0
Posts 725
Boards Moderated 0
Alias Born 07/11/2007

Re: makesumgravy post# 7393

Sunday, 07/29/2007 12:23:09 PM

Sunday, July 29, 2007 12:23:09 PM

Post# of 48717
Again you present distorted facts, Jim bought a block of prferred shares (30 M or so) that gave him control of the company. Jim did not pay for those shares, while Jim didnt pay for those shares he was selling common shares in to the market to us. Asstrom sued for non payment and I guess he won and got the preferred shares back that Jim didnt pay for hence where we are. With Asstrom at the helm and a company with no assets. Its like Jim bought the shell on consignment raised money didnt pay for the shell gave it back to Asstrom and kept the money he raised (ours)and then went home with free money and us shareholders left with not what we we sold.