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brute_force

07/31/08 4:51 PM

#277217 RE: needdiamonds #277214

I remember fan saying he did not get his full 53% O/S when he went to CPPD. He took a haircut. I do not know why I remember a number like 20%

What the scammers disclosed was that Fan owned 53% of the QBID o/s and that the QBID o/s comprised 20% of the shares CPPC authorized. Since there was never really a "Cinemax" that merged with TMM, there was no exchange of any shares from the fictional "Cinemax".The scammers disclosed that Pappy owned the other 47% of the QBID o/s. The other 80% is unregistered stock that the scammers can use to hedge their trading with. The scammers promised a "10sb" in "April" to disclose the stock & the beneficial owners. They lied.
BTW, Olsen PR'd that the 53% of the o/s was "eliminated" when he converted to preferred stock in TMM's liquidation.
They just make it up as they go.