Replies to post #38862 on Trudy Corporation (fka TRDY)

[matthewmilad]

They paid $3 Million. I'm pretty sure they paid the way they did for tax purposes.

[matoutus]

Yes , but he will still have stock in Trudy ...and Burnham will have at the very least a clear shot to recoup his indebtedness plus ...you just don't forgive 3 million in debt and give away your shell . Also I imagine Burnham loves the business plan here...and so will we when we recieve more information . imo

[Coniba]

so.. if you have a 3m debt and a shell. then someone buys the shell and takes/relieves the 3m debt from you.... didn't you just sell the shell for 3m ? am i missing soemthing here ?