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Re: Toxic Avenger post# 3160

Friday, 10/12/2012 12:49:02 PM

Friday, October 12, 2012 12:49:02 PM

Post# of 8799
Kezzek, your thesis begs the question of "Why would Carl purchase Steve Haley's common stock position if his intention was to use debt as leverage to BK the company?" On the contrary, it appears that Carl wanted to use EQUITY to control the company, NOT DEBT.

Or, more likely, he could force a bankruptcy filing, wipe out the common and own the entire company as a private entity.
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