Replies to post #24266 on IAHL Corporation (IAHL)

[jenthico]

And if he doesn't pay the debt? Supposedly, he has indemnified TSXT from all priors...This is Ed Hayter!!!


The split was 1 for 1000 - do the math - yup, 50 billion shares. You don't just give 50 billion shares of a company you own away and indemnify the new holders of ALL debt without getting something in return. As a biz man, I would've kept 10% (at least.) That way, if it goes to $3 (for upper listing,) I have $15 MM to pay off my debt and still have some $$$ leftover.

Assume for argument's sake, he holds stock (restricted for 1 year) and it is a sizeable amount. Can he hold TSXT hostage for the debt with his res. shares??? Can he weasle out of the indemnity??? I want to see it in writing...to date, we still don't know the actual structure of the deal, do we?

I trust NO CEO. Remeber Tyco, WorldCom, Enron, MCI and now Dell (restating earnings for 4 years.) Especially ones with $$$ dancing in their heads.

[reapingprophet]

If the deal was done in cash then Eddie boy, who is in the financial arena could have floated the loan to do the deal, or, the Astroms could be involved through one of their companies, such as Wahoo... Coincidence, or just makes sense...

Eddie boy sells a dirty shell to this bunch, they pay for the shell, either by reverse merging and swapping stock, or they want to keep Eddie boy out of the equation, which is only logical, as he is a documented bad actor whose involvement will hurt any legitimate business. Or, they want to pay for it with cash, and keep Eddie boy off the books by doing so.

He has so many, as he calls them, "subsidiary" corporations that it would take a while to trace the money back to Eddie boy. Also, there probably would not be any kind of record on any kind of transaction until the legal documents were to be filed with the appropriate agencies. Just speculating, myself, now...

Also, I am not an expert, but do believe that those company shells are worth far more than the $50,000 that you mentioned, which is why a lot of them reverse merge to keep from having to pay the high fees to file with the government. They save hundreds of thousands of dollars by reverse merging, and not having to pay the start up costs. I am sure that someone will correct me if I am wrong... LOL

So, if it was cash, Eddie boy and/or the Astroms could definitely be involved, especially with their names showing up in some recent documentation... It appears to make good business sense with these suspected criminals to invest their money into pink sheet companies that can be controlled, and where there can be such a great return on that investment from the selling of shares... It also is a good place for them to hide money, if you know what I mean... LOL And, if it was a reverse merger and an exchange of stock, then it is sure to show up at some time in the future...if the company ever files any documents that can legitimize their company with the government... Just speculating, again... JMHO, of course, FWIW