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eelfland

01/14/09 7:44 PM

#35310 RE: biomanbaba #35303

They took shares because they could sell them. They didn't get cash because the company didn't have any, but could issue stock instead. Issuing stock is a lot cheaper than paying cash. The lawyers got paid by selling their shares to people such as the folks posting on these boards. These little companies pay for just about everything with stock. Most people who accept stock in lieu of cash just dump it. They know better than to hold it.