InvestorsHub Logo
Followers 50
Posts 8785
Boards Moderated 0
Alias Born 09/21/2004

Re: jwahl16 post# 2031

Friday, 02/24/2012 7:33:34 PM

Friday, February 24, 2012 7:33:34 PM

Post# of 6577
There's good reason not to worry about old PIVX debts impinging with any significance on ADIA. When Wen Peng took over the PIVX shell, all the cards would have been on the table. Every liability would have been known and visible. At that point, it comes down to the math. Had PIVX liabilities been much of an impediment, a different shell would have been sought for ADIA. They must have known that many of liabilities were no longer an issue. The math and the economics looked good enough to stay with the PIVX shell. Therefore, I put much credence in Wen Peng's statement in the 8-K, to wit,

1. The balance sheet shows the old obligations of PiVX, the predecessor company. Most of those obligations are more than 5 years old. Although we have been working to resolve these issues many of the creditors no longer exist or have written down many of these liabilities due to their age.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8435385





"The past does not repeat itself, but it rhymes." Samuel Langhorne Clemens (1835-1910)

Do your DD!

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ADIA News