Replies to post #10469 on Independent Film Development Corp. (IFLM)

[janice shell]

Any normal ceo, under normal circumstances, thinking normally, knowing what IFLM is, would tell Jake "please take this shell, give me $500 k, and you can do whatever the hell you want to with it"!!!!!!!

Why on earth would Jake pay that much? So far, he's only shelled out $61K. And the IFLM shell isn't worth that much, let alone half a million.

But asking why Jake didn't just try to cut a private deal with Ritchie--as Ritchie says Theo Hanson did do--makes sense. Why did Jake want IFLM? Why not just buy any shell? Or did he just not know any better?

[Howyadoing]

Jake would be a fool to pay/offer 500k for this toxic shell!
You can buy stinky pinkies for alot less than the 61k that Jake has already spent buying just a very small % of voting control in IFLM

[tedpeele]

1. Jake doesn't have enough to offer them what they want

2. Jake didn't know about the preferred shares, so made a rookie mistake trying to take over control

3. Jake never wanted control, and is using his reputation to flip a penny stock for profit


Take your pick.