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Monday, April 18, 2011 5:36:50 PM
I would imagine Mr Leonard is going to be getting a debtor's exam fairly soon now that the FDIC is no longer obstructed by the appeal. At that point they will no doubt discover the TYTN stock held by Mr Leonard. It will be very easy for them to seize that. I wonder how fast they will try to liqudiate that? 700,000,000 shares. People were worried about dilution before. What would it look like then?
If Mr. Leonard were to no longer have a financical interest in the company he really has no reason to hang around. In that case you would need to hire a new CEO.
Of course this is all just speculation on my part.
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