When Cleve gets to see the records and compares them to the TA shareholder list, this is what I bet he will find out. (IMHO) This is probably also the reason why WOTD has not walked away from the merger. After all, if WOTD was ledgit, why not walk away and find a new clean shell or just IPO.
I bet that the $500,000 that Jack (CVIA) loaned to WOTD was used to buy back our first batch of Reg S shares. Those shares went off around .017/share pre split, so I bet Cleve will find about 100,000 post split shares in some account controlled by someone with WOTD connections.
And, the reason WOTD can't walk away is because now those shares are worth a little less than 1/3 what they paid for them with CVIA's money. Under this scenario, WOTD is about $350K in the hole. So now, the only way not to be liable for the $500k, is to merge and owe it to yourself.
Of course, this is ALL speculation on my part, based on the limited information I've got off this thread and my unlimited imagination...(or is it...)
Ok guys, slow thread day. How about other conspiracy theories...
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