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Re: Its A Whiz post# 24252

Thursday, 08/23/2007 9:41:15 AM

Thursday, August 23, 2007 9:41:15 AM

Post# of 49563
To understand how Hayter MAY be involved, one must understand how reverse mergers work; it that is indeed how TSXT came to acquire this shell. It must be paid for either in cash or in stock. If paid for in stock, then the old "members" hold stock of the new co, TSXT. How much? One can only guess, BUT if they paid for the shell with cash, where did the cash come from? Revenues?

My bet is it was a stock swap for the shell and Hayter is still involved, albeit indirectly...

"You can't believe everything you see - Jimi Hendrix"

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