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billytbone

12/30/09 8:11 AM

#16436 RE: PRmaniac #16434

Money all went to his salary. He and his Mother are the biggest holders of private stock. He could take this shell company private in a heartbeat and leave all stockholders out everything.

mathias1

12/30/09 8:26 AM

#16438 RE: PRmaniac #16434

It was discovered a couple of years ago that a shareholder was suing Michaels, and Michaels settled.

Of course, this was revealed through a PR...it was discovered in a letter written to the judge, where Michaels was begging not to go to prison.

That letter made it into the public domain, probably through PACER.

I would LOVE to read that lawsuit!