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Re: keyscruiser post# 34915

Saturday, 01/01/2011 5:51:53 PM

Saturday, January 01, 2011 5:51:53 PM

Post# of 42439
My guess is that most all of Eddie's "acquisitions" were made entirely with his stock --or substantially so. More than anything else, Eddie knows the value of cash and will not let go of any unless forced to do so. Cosnequently, he buys crappy or worthless assets (e.g. his "Duraflame Picasso") with his worthless, Monopoly money.

HOWEVER... that means the cash money he pocketed from investors went somewhere. If it wasn't spent on legitimate business purposes, then he owes tax on it. Also, if "Eddie the shareholder" got rich while all other shareholders got wiped out then it's likely due to criminal activity.

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