IAHL Corporation (IAHL)

[jenthico]

And if he doesn't pay the debt? Supposedly, he has indemnified TSXT from all priors...This is Ed Hayter!!!


The split was 1 for 1000 - do the math - yup, 50 billion shares. You don't just give 50 billion shares of a company you own away and indemnify the new holders of ALL debt without getting something in return. As a biz man, I would've kept 10% (at least.) That way, if it goes to $3 (for upper listing,) I have $15 MM to pay off my debt and still have some $$$ leftover.

Assume for argument's sake, he holds stock (restricted for 1 year) and it is a sizeable amount. Can he hold TSXT hostage for the debt with his res. shares??? Can he weasle out of the indemnity??? I want to see it in writing...to date, we still don't know the actual structure of the deal, do we?

I trust NO CEO. Remeber Tyco, WorldCom, Enron, MCI and now Dell (restating earnings for 4 years.) Especially ones with $$$ dancing in their heads.