> I believe the creditors were paid in cash as you stated next..
"Pursuant to the agreement shares of the Company’s Common Stock were issued to the certain creditors"
Then he bought the outstanding stock of PA at $1.00 per which satisfied his debts and enabled him to merge the co. into Ludvik, as I read it. Again, why issue the stock and then buy it back? Had to be a reason.
> Its possible that some of the 50 million in assets were sold in order to satisfy this claim.
Or were lost which gave rise to the breach of contract suit.
> Motivation is to become a successful hedge fund manager imo. The creditors agreed to the price, so perhaps they agreed that the remaining assets were worth ATLEAST 20million.
I can't make that leap in logic with you.
> Frank is a millionaire and has lots of millionaire friends imo.
Is he too cheap to hire a lawyer to represent him in high stakes legal challenges or does he spend a lot of his nights at Holiday Inn Express?
> I dont know where you found that? 2012 annual of WNTR ? Was this before or after Frank became CEO?
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