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Re: Acumen post# 119466

Friday, 01/15/2010 4:18:46 PM

Friday, January 15, 2010 4:18:46 PM

Post# of 157299
AlphaWolf's one of them. He admitted that.

He's a vendor who did work for the company. He's on their gravy train, if not directly then through a third party. He may have even been paid in stock, which if he was, dude, you need to demand cash up front from this company next time.

If a company has no money except from selling stock, and they have to meet these rather large payments to keep their deal with their joint venture partner alive, and they also have a bunch of creditors waiting in the wings who according to the most recent 10Q have not all been paid out or even agreed to convert into equity, and are in arrears on payroll taxes, and owe the SEC, how does a company circumvent the funds being deposited into a corporate account to pay the partner? And how do they pay their other vendors like AlphaWolf? How does this happen without the IRS and SEC and creditors gaining access to this money first?

A team member with an escrow account?

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