Posted On: 09/23/2012 8:23:40 AM
Post# of 16816
I want to add some complimentary information to what PC told you:
- Matt has worked very hard not to harm any shareholders. There has certainly been enough time and scope for him to do so if that were the case.
- There is nothing wrong, illegal, or unethical with using a shell to house your operating business. A great many companies use this method to own subsidiaries. The consolidated balance sheet reflects the activity of the subsidiary.
- Even in a scenario where a private placement was just to fund a shell, it doesn't harm current shareholders (the shell is an asset that can be used or sold). There will be more than just that, but you should understand even $BCAP owning a virgin shell is a benefit -- moreso because of $BCAP's line of work.
- Matt has worked very hard not to harm any shareholders. There has certainly been enough time and scope for him to do so if that were the case.
- There is nothing wrong, illegal, or unethical with using a shell to house your operating business. A great many companies use this method to own subsidiaries. The consolidated balance sheet reflects the activity of the subsidiary.
- Even in a scenario where a private placement was just to fund a shell, it doesn't harm current shareholders (the shell is an asset that can be used or sold). There will be more than just that, but you should understand even $BCAP owning a virgin shell is a benefit -- moreso because of $BCAP's line of work.
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