well, i suppose its the question as whether an acquisition actually took place seeing that he supposedly bought the company he ran through the company he incorporated...yuck yuck yuck (thats a 3 stooges kind)...
now something I sort of wrote off in the filings was the date of the debt. A March filing 2010 said in Oct 31 2010, liabilities were 8 million. So, did they just get back from their trip in the time machine when they filed, or was that a typo?
Further, it states Jan 31, 2010 debt was $1 million....so which was it?
I judge from the tone of todays PR, the 8 million is somehow probably the right number as it said 'significant liabilities'....IF there was anything by the books in regards to this transaction, i'd say it was worth no more than 4 million or so. I suspect it never actually happened though - why bother if you are still in debt? No clean shell and now no assets?
The circus came and went me thinks!