Replies to post #14528 on Telvue Corp. (fka TEVE)

[xxxxcslewis]

I know of a similar instance in which a majority shareholder simply returned shares to the corporation and I believe there was no tax consequence for either the shareholder or the corporation.

As I understand it the shares were not sold by the shareholder they just became "treasury stock" and continued to be held by the corporation. The corporation could, and did, then subsequently sell the stock to other investors to raise funds as needed.

The effect was to raise money without diluting other existing shareholders.