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Urbanlegend

04/27/16 5:55 PM

#24162 RE: freddy 44 #24160

There are something like 600 million shares owned by many people. How do you think Tmmi could liquidate itself to pay a debt? Tmmi doesn't own Tmmi, its shareholders do. I suppose in theory Tmmi could increase its authorized capital and pay a big debt by issuing 600 million shares plus one, to hand a controlling interest to a creditor but this seems far fetched, and litigation provoking. Do you have something else in mind?