Does anyone know if LS made his $10 million investment via open market purchase or if he received new shares issued by EGMI? Forgive me if this has been discussed and I missed it.
What I'm wondering is if there was a one-time large cash infusion directly to the company. Then there's a chance the money existed, although now it would be subject to a tug and war scenario given the discovery of the mystery document transferring ownership.
Nothing would make me happier than to see criminal charges, the sooner the better! I'm still perplexed the auditors could miss overstated assets, faked cash accounts, and fictitious revenues. One maybe, but all three? The forensic report provided by Price Waterhouse will be very interesting.
Wonder how long before there's a bankruptcy filing.
