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streak1977

02/01/14 4:27 PM

#46117 RE: MrMikeWhitaker #46109

The owner of this company, TTDZ, OWNS PVCL. He pays licensing fees for Triton's software from PVCL to Triton so it looks like they have revenue but he is taking from his right hand and putting it in his left to set up the impression that Triton is profitable as a shell company and PVCL is not. So he BOUGHT TTDZ with PVCL (on paper) and paid himself $2.2M for PVCL to have the intellectual rights to the software so now it has no assets, just stock and he owns a lot of it. When these companies merge, if they haven't already, he gets about $5M shares of PVCL to sell at whatever they raise the roof to on top of being EXCELLENT at negotiating with himself...but apparently I'm wrong cause the people holding the bag went their money back now...be careful is all I can say. This one is a real snake pit.