GREY:PVTTF - Post by User
Comment by
BAMitchellon Mar 30, 2001 10:43am
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Post# 3546904
worth thinking about
worth thinking aboutOne of the classic ways that a treasurey may be raided is to sell the company some moose pasture.
This is how it is done.
(1) gain control of company and treasurey
(2) replace management
(3) buy a shell, roll it back,load up on shares, plug in and dress up some piece of moose pasture.
(4) sell the moose pasture to the company with the cash at a huge profit and run away with the cash.
(5) use cash for whatever project they wish, line pockets while at it,
(6) Place new people in company #1 . Make mishmash of who did what. Burn up all cash. Make it a waste of time to sue.
thats how it is done. See any happy shareholders?
Regards
BAM
And NO I am not saying this will happen to PVO. :-)