Fonon Corp. (fka FNON)

[pitboss22]

Caerus, it seems as if you don't know what a "note" is.

A promissory note, commonly referred to as a just a "note", is a negotiable instrument, wherein one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money or other consideration to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. It is a debt instrument, a promise to repay a loan! Raptor never OWNED the notes, they ISSUED the notes to Sandell in return for loans. Sandell owned the notes. Dr. Shiong bought the notes from Sandell. Raptor owes the money to Dr. Shiong (CCE)!

Think of it this way. If you took out a mortgage (note) when you bought your house, you originally owed the money to Bank A. If Bank A sold your mortgage (note) to Bank B, you still owe the full amount of the mortgage, you just owe it to Bank B now.

I sure hope that if your bank sold your mortgage to another company, you didn't stop making payments on your house thinking they paid it off. You'll be in for a shock!

As far as the "extra part" that you say you know nothing about goes. You really should know about it. YOU were the one that called it an "extra part". LOL!

Soon-Shiong was NEVER an insider. That's why he's allowed to file an SC 13G. Insiders cannot file SC 13G. They have to file a different form. I think Derbyblood should speak for himself since he since he was the one that provided the information to the board than now seems to be false. I would just like to know the source of his information as I have been unable to locate any confirmation of what he said.