Replies to post #7054 on Spectacular Solar Inc (SPSO)

[tom favata]

Anvil correct on both posts the total amount of monies given to mike keeps growing every day. I am waiting for a final figure but many of these funds were raised using NHSH shares as collateral. SNTL IMO is seriously in the red starting out of the gate. Mike is using them to write a check to cover another overdrawn check that they used to get funds early without performing IMO...

[crazy horse 0]

What ever happen to Ed Cross ?

He was very important fiure to Minesseker at one time from what I recall.

Tom, while I am trying to get clarification, any truth to the matter that the shares subject to the Q option, were MK's personal shares and that when the option agreement terminated, due to Q not making full payment, the $1.7MM Q paid toward the option, became personal income of MK, resulting in a large tax payment.

EDIT: And hence, MK's attempt to classify the $1.7MM as a loan rather than a payment toward an option, as well as, to restructure the agreement with Jeff, that the shares were MS treasury shares vs. MK's personal shares.