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Re: amc post# 39453

Tuesday, 10/20/2009 2:41:23 PM

Tuesday, October 20, 2009 2:41:23 PM

Post# of 375420
I don't think so. There is no reason to buy a shell Co. do just make a flight school. I'm no expert, but just by the $1 million he loaned the Co., He probably could have started the flight school with just a little more funding from private placement. He would have to answer to all the share holders, SEC filings, and all that goes along with this.He now has to open up the books for this. Way to many headaches to take on for a simple flight school, there's a lot more here than meets the eyes.IMO