Replies to post #28471 on Nymet Holdings Inc. (fka NYMH)

[the_worm06]

Fly - Was WCMA one of the two radio stations that Beebe bought for about $180,000 for both, then sold them to PHGI for $1.3 million in stock, then when the stock he received dropped in value to about $50,000, he exchanged the PHGI stock worth about $50,000 for $600,000 in notes from PHGI?

That radio station?

and now you are saying that he had a type of "lien" on the radio station such that he would get the Proceeds, if any, if it is sold?


[note: the above is entered in wikipedia for the definition of "self-dealing"]