Replies to post #265518 on Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[InAnotherLife]

"That shat will tie everybody up ." me

Ooooops . That would put the employees on last base for finding remedy .
There is no hate for employees by me or anybody I've seen post . For the good and honest employees I have great compassion . I hope the state/fed offers/provides somekind of timely relief/restitution .

I thought that FUJack really went off the chart with his rude tirade . And CFlynn wasn't far behind .
For that kind of shareholder sentiment , as they've venomously spit out , don't come crying to shareholders and ask for help . You burned THAT bridge by screaming hate .

It's too bad IMO that some of the so-called shareholders weren't Q-emps instead . That way they could go stand with Jack*ff as a unified "vessel" and have a real leader .
NOTHING could be more deserved .

I'm sorry but , after trying to find common ground it is apparent that I'm on a pretty slippery slope here .
Soooo , I guess I'll just stick with "straight" shooting .

[old_timer99]

Frank Olsen made a fortune. Per the terms of QBID's toxic financing, the private investors had 1:10 multiples on their convertible and liquidation preferences to boot. That means if TMM liquidated an asset, the financiers got a value for the asset 10X the sale price and first dibs on acquiring the assets in liquidation.
You'll note Frank and Valcom officers acquired NTI and LBS in liquidation. If Olsen and these Valcom officers paid TMM/QBID $4 million for both asset subidiaries, the toxic financiers got $40 million for the sales. No one knows what kind of kick-back Olsen and the Valcom officers got for acquiring the assets but one can assume it was worth their time.