Replies to post #265470 on Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[old_timer99]

marketbear, I'm not fisty and I've never witnessed you ignore her.
The treasury shares were part of the liquidation of assets disclosed in TMM's financing with its toxic financiers. They liquidated the assets and stock per the terms of their toxic financing deal.
Olsen was not in control of TMM/QBID once the financiers exercised their supervoting rights. Olsen was selling his own stock. He converted his 53% of the o/s into preferred that was convertible 1:10 to common.
Also, if TMM was paying QTN's bills, QTN had to report the transfer of funds from TMM/QBID as income and pay taxes on it. TMM had to disclose the money as a "loan" or some other liabilty for tax purposes. They are two different companies. They can't commingle funds willy-nilly. That is tax evasion.