In the BK filings. Not a deal per se, but a deal to get him out of the majority of his position.
It is in the BK filings. You can interpret it however you want. I read it as such.
Both parties have agreed there will be no litigation. Salinas is required to sell the majority his position. He will do so in the open market. Once he does he is required to document how much he sold his shares for and what date.
Guess what? We have yet to see that document. Many of those Yahoos on Yahoo contend that he will be giving it all to charity and he has lost his entire investment. He is not an idiot. If that was the case, I assure you he would contest it in court. CC is in no position to argue with a billionaire at this stage of the game.
In the BK document, it states, who gets paid first. It says, Salinas will get paid first up to his original purchase price, including commissions. Any and all profits will go to a charity of his choice.
His average price is well above .15.
We will know the truth at what price he eventually sells his the majority of his position he files his documents, may it be SEC or court documents. There will be no debate as to what price he sold his position or how to interpret the damn filing.
Why would CC be concerned at all with Salinas and his position if they were going to cancel the shares? That tells me they are not and they don't want to give up any type of control under an reorganize. That is what I believe is going to happen. JMO
AI
