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mAjOr dAmAgE

04/19/07 6:34 PM

#48 RE: liable #47

It gives IBCX the concurrent ability to pump its shell as something new and this company as a great new food service acquisition company.

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jean1057

04/20/07 4:19 AM

#49 RE: liable #47

Another thought that might be interesting for the IRS..if they "sold" the restaurants to the new entity for 4 + millions......even if it was just a transfer to another company, but they stated that it was a sell, wouldn't they have to pay capital gains taxes, for the HUGE gains they made on those worthless properties???
Lets get the IRS on their back too.....at least they lock them up faster..?