CBA Florida Inc. (fka CBAI)

[MrLong]

LOI states shareholders will pay upwards of $5.5m to settle CCEL->CMEX contractual agreement in this current lawsuit. Right? Are you willing to vote "Yes" to a RS and AS to forfeit $5.5m to settle this CCEL litigation?

My vote is "No" to a RS and an AS increase.

The parties’ binding Letter of Intent provides among other things for:

-A maximum purchase price of $17.84 million, plus agreement to assume and pay up to $5.5 million in potential liabilities of the business acquired which are contingent on future events, and less a sum representing 90 days of net operating capital for the business acquired.
http://edgar.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7597835-3594-9048&type=sect&TabIndex=2&companyid=634207&ppu=%252fDefault.aspx%253fcompanyid%253d634207%2526amp%253bformtypeID%253d135

Let's review that China business model again:
The answer can be found by turning back to the earliest investment model in which “banks were used to pay for banks.”

Why are shareholders on the hook for $17.84M in a CMEX deal that nets how much today according to the CCEL filings? Out of the $17.84M management is saying shareholders are willing to pay upwards of $5.5M to CCEL to resolve this CMEX-CCEL litigation (DAMAGES). What the heck is going on here?!
http://english.caijing.com.cn/2008-03-07/100051309.html