Replies to post #243660 on Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[seren]

I am sure FAN was not aware that it was as bad as it was. He was duped like all of us.

[grtcli]

Your "friend" seems to like the money. Why are you still friends with someone who wants to work with crooks?

[kacey]

"My friend was also involved in the negotiations. So many things were exposed. All of the debts and lawsuits were on the table. Fan knew. Fan signed a contract to assume all of the debt. That is a legal document."

what about the 53% of shares? the transfer of ownership of those shares has to be accompanied by an sec filing...which hasn't occured.

i hope your friend is not part of the violations to be dealt with...

that's the law. that's legal. as far as i know, and in my vHo.......

[ltesprit]

Hansen, that simply doesn't make sense: assuming the debt of a company with negative equity AND paying for shares. That just doesn't happen. Think of it this way: if someone asks you to assume the $350K mortgage on a $200K house, the only way you'd agree is if you think you can get a tenant who's rent payments, at a minimum, will cover the mortgage. Otherwise you're paying off someone else's problem. Adding a PAYMENT to the previous owner, now you're supposing Fan is not only willing to pay off someone else's problem, but pay that person for the priviledge of doing so...! You say Fan 'knew what shape the company was in.' That not only goes against every indication he's made to date, it goes against all financial logic and reason. Sorry, it doesn't float. I think you're getting fed bad info yourself.

[ihubposter]

Go ahead, love and support your man OLSEN...it's ironic that you keep castigating Fan/Hinnant for their "lies" and "cheating" and "theft," while at the same time propping up the stature and legacy of the biggest carnival barker of this decade -- Olsen. Talk about a liar and a thief...you've got to be on the inside of that cabal, otherwise your position would be senselessly senseless.