Know he doesn’t have any money, but Shadel needs to pony up for legal advice instead of blasting off these wild ideas. Legally he can not make the transaction he is posing as he is selling off assets to himself. Before we were talking about sec violations which are often times hard to prove or enforce. This is legitimately going to send him to jail and have both companies in legal holding for months. This guy ever take a business 101 or basic business law class? He should know this, lol.
Actually it kind of makes sense if you think about it. He wanted to do something with that part of the company. And if the merger candidate has no use for it. Then if it were me, I would sell it to my own company. That way he can do whatever he wants with it.
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