Aphorism "buy on mystery, sell on history" is usua
Post# of 36729
Posted On: 06/21/2014 10:36:35 AM
Aphorism "buy on mystery, sell on history" is usually not bad advice. In days to come, it might come in handy.
In my view, the "road ahead" as laid out by Artemus Mayor, eminently successful at failure, is fraught with pot holes and dangerous curves. Transferring the totality SKTO/AEGY liability to another firm is problematic, at the very least. A far less perilous road ahead (and much smoother for ordinary shareholders) would be a transfer of assets, such as IP and product licenses of SK/AE, to another firm for consideration of shares of the asset acquirer. These shares would be granted to shareholders of SK/AE.
When one corporation is acquired or merged into another, the survivor assumes all of the benefits and obligations (including any civil and/or criminal liability) that attaches to the merged entity or subsidiary. Liability crosses the northern border. Any Canadian firm that mixes it up with AEGY/SKTO is taking on not only a burden of debt but also potential civil liability and possible criminal liability -- given the appparent fraud of the phantom collectives, the barrage of false and misleading statements, and serious accounting irregularities. Corporations cannot be jailed, but can be fined. They can be placed on probation, ordered to pay restitution; their property confiscated. They can be barred from engaging in various types of commercial activity.
The insiders and crony lenders of the twin-hulled catamaran AEGY/SKTO long ago lost their fiduciary compass and paddled into the Grey Market swamp. Now, they lack the liquidity needed to unload more millions if not billions of shares into the market. Isn't that just too bad. Their game is up, and their goose will be cooked in one way or another.
In my view, the "road ahead" as laid out by Artemus Mayor, eminently successful at failure, is fraught with pot holes and dangerous curves. Transferring the totality SKTO/AEGY liability to another firm is problematic, at the very least. A far less perilous road ahead (and much smoother for ordinary shareholders) would be a transfer of assets, such as IP and product licenses of SK/AE, to another firm for consideration of shares of the asset acquirer. These shares would be granted to shareholders of SK/AE.
When one corporation is acquired or merged into another, the survivor assumes all of the benefits and obligations (including any civil and/or criminal liability) that attaches to the merged entity or subsidiary. Liability crosses the northern border. Any Canadian firm that mixes it up with AEGY/SKTO is taking on not only a burden of debt but also potential civil liability and possible criminal liability -- given the appparent fraud of the phantom collectives, the barrage of false and misleading statements, and serious accounting irregularities. Corporations cannot be jailed, but can be fined. They can be placed on probation, ordered to pay restitution; their property confiscated. They can be barred from engaging in various types of commercial activity.
The insiders and crony lenders of the twin-hulled catamaran AEGY/SKTO long ago lost their fiduciary compass and paddled into the Grey Market swamp. Now, they lack the liquidity needed to unload more millions if not billions of shares into the market. Isn't that just too bad. Their game is up, and their goose will be cooked in one way or another.
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