RE:Why is Everyone Talking about David Hughes ?David Hughes started a company ESC Hughes Holdings Ltd (name change to BKN Calla Investments Ltd) that bought the Dollinger US assets from Namaste for $400,000. The assets are now the core of the $50 million Lifted IPO. Namaste says that ESC is an unrelated company and it's an arm's length transaction. According to Canadian Securities Law this is true but it is awfully shady.
Also, ESC Hughes got stock in the transaction. Is the stock escrowed? If not then they can dump it all on openeing day.