Post by
000buckshot on Jun 29, 2016 9:21am
UHAK conspiracy
If UHAK was a scam why didn't BMO just liquidate the assets after Dec 14th? Toby could have thrown a few MBA shares BMO's way and then had a free hand to clean up the mess.
Comment by
schoolboy on Jun 29, 2016 12:31pm
Toby was probably mildly interested in Uhak as a source of business for his residences, but only if he could pick it up for a buck or two. AFAIK, the KGIC founder Sung Sub Lim and a couple of other Koreans bought it. I'm guessing that (the new) KGIC somehow tricked them out of the debt during the ownership transfer.
Comment by
banx on Jun 29, 2016 4:27pm
Schoolboy give it a rest. UHAK has to pay KGIC what they owe. The real scam was even buying UHAK for millions. Pretty transparent when you see that it was sold for a paltry $100k only a year later. Lol. Andrew Ryu was the biggest joke but ultimately shareholders took it on the chin for his Machiavellian moves. Big Mac is a diff breed and is looking to restore a biz that had sunk into an abyss.