InvestorsHub Logo
Followers 25
Posts 4398
Boards Moderated 1
Alias Born 07/22/2009

Re: tarheeler post# 71801

Saturday, 05/29/2010 8:46:23 AM

Saturday, May 29, 2010 8:46:23 AM

Post# of 103340
Great post. It exposes the doublespeak quite well. There is no way they acquired Builders Choice without getting any of the debt.

Impossible since Builders choice has substantial debt, a sizable tax lien and active UCC's that encumber each and every asset of the company, both future and present.

There is such a thing as an asset only purchase, however with the active UCC's that is impossible here. JD threw that line in there about the liabilities because he knew it would be very easy for people to do a quick search and find out how much money they owed, for scamming on payroll tax no less.

That PR was to do what every other PR was for. To artificially bump the share price for dumping.