What??
Are you claiming that owning 10% of TTR-HP is an asset? I thought they were getting rid of TTR-HP because it was such a financial disaster. In fact, they actually PAID someone 2.6 Billion shares to take it off their hands.
How can the remaining 10% be considered an asset? Wouldn't it be a liability since they are still at risk of at least 10% of TTR-HP's debt & the lawsuits? You can't have it both ways.
Yea, they have warrants to buy back 100%. The warrants can be purchased @ .00005 (or less) & they have an agreement to buy them back @ .0006. That's a great deal Hunsaker pulled off. . Sell them & then agree to buy them back at 10X the price you just sold them for. No wonder he ran Aero Exhaust into the ground in less than 18 months. It will probably only take him 6 months to do the same with Jones Exhaust.
Here's an item from the 10Q.
During the three months ended March 31, 2009, the Company issued a total of 444,500,000 shares of unregistered common stock under the following transactions:
420,000,000 shares were issued on the partial conversion of a note payable. The shares were issued under Rule 144 of the Securities Act of 1933. The subsequent resale of the stock resulted in a total of $127,500 reduction in the outstanding principle and interest owed on the obligation.
Can anyone that doesn't think these shares are hitting the market answer this. How can these shares be resold unless the restricted legend has been removed? TIA
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