Trudy Corporation (fka TRDY)

[The Rainmaker]

Those debts, left the TRDY shell with all the assets. They paid $1.00 for TRDY and the sellers wiped out $3 million worth of debts off TRDY's books. The sellers of the TRDY shell took over the debts along with all the assets. Turning TRDY into a shell with a new start up business, no cash and an $8 million dollar market cap.

The way you know this true is look at TRDY's liabilities in the new 10Q, not $3 million in debts showing, only $250k worth of debt showing.

In plain English the old TRDY owners said, give us all the businesses currently in TRDY, we'll take all the debts also, just give us $1.00, we'll give you TRDY.