Trudy Corporation (fka TRDY)

[mulliganshouse7]

read the 8k's they actually didnt spend that much...people are confusing it and saying the buying companies (MMAC and Palm Investments) paid that $2.7 mil to Burnham...not the case, Burnham just forgave that debt in lue of $200,000 in cash and $50,000 to be paid at a later date along with keeping a certain % interest in the new company...actual cash was only about $200k.....now i know people are going to say why would Burnham settle for only $250k total, well wouldnt you if you were him? his company went belly up how would he ever get a cent if he didnt sell out? The $250k is better than nothing.