GREY:FEVCF - Post by User
Comment by
billygoatscruffon Jun 16, 2010 1:56pm
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Post# 17194612
RE: A Game of "What If?"
RE: A Game of "What If?"Are yo nuts?.....lets continue the game of "what if"..
So, you buy 50%+1 of the shares in the secondary market. Now you:
- own half of the 1.3 million in liabilities
- your investment is not facing litigation risk from all of the individuals that were advised by the Officers of the inspiring performance to come
The best part is....if you do sell off all of the assets (in order to steal them before bankruptcy)...
1) where would the money go???...the CRA has frozen the bank account 9and likely drained it
2) you would be defrauding creditors that have a claim to the assets as the business is no longer a going concern.
The reality is that, if you buy the business and want to get anything out of it, you first need to pay off all of the creditors and put in place a financially viable business model.