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Re: lmcat post# 5773

Tuesday, 02/08/2011 8:05:50 PM

Tuesday, February 08, 2011 8:05:50 PM

Post# of 18342
Hey Imcat, heard you had a good day in another play today, congrats, also congrats on your packers win, been a good week for you so far.

Thanks for reposting pretty much the entire 10k, I read it though, but appreciate it just the same.

I don't know how much you know about buying a shell company and moving business into it, but I know a lot (excuse my arrogance), when you purchase a shell, you would normally look to purchase a shell with some debt, this gives you the ability to issue shares which may be offered to a lendor in exchange for a loan to pay of some of that debt and enable working capital.

And yes, for all intents and purposes this is a new company, new management and all cashflows and debts inherited are from the former company and management.

There is nothing wrong here, I don't know what you are trying to find. This is normal business practice.

Best
Brit