Can you explain whether this issuance of debt for the fees and costs associated with gaining control of the shell is legal? It seems to me that it is nott.
Probably not. But nobody's stopped him yet. Not all shell peddlers do that; perhaps maybe not even most.
In addition, he's doing all this issuing--of stock and of notes--as part of his business, not as an impartial court appointed custodian. So wouldn't that make him an unlicensed broker?
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