To: jhild who wrote (12798 ) 8/28/1998 12:56:00 PM From: LegalBeast Read Replies (1) | Respond to of 43774
Normally, I would not give a person such as this a civil answer simply because I think that It is a total waste of skin and web resources. But, there are folks who will read some of Its posts and wonder if there is a shred of truth to the question. It seems to ask seemingly innoculous questions only to be bashed by the rest of us, but it is important to understand that the manner in which these questions are asked suggests an answer. In this case, an answer that is incorrect. Now then, on to the issue. It wants to know if there is something sinister in the fact that the paperwork states that John owns the stock and not PRWT. This is a complicated issue, and not to belittle the issue, I will give you the direct answer. John has assigned his interest to PRWT. Now then how do we know that to be true. Because of the press release in which John stated that PRWT owns Affordable Housing. Do we need to see more than the press release to make this a matter of fact? No, we do not, and here is why: The press release is in itself a committment that it is true. That committment will stand as fact in any court in the land whether or not John ever takes any other action to record it. The comittment is effectively recorded in the public record and John cannot back out. He is legally stuck with the fact! Therefore, it is irrelevant to us that the paperwork says John owns it and not PRWT. Now I am sure that It will argue that John issued a false press release as indicated by Belize, jada jada, yada ... Irrelevant even if ... because, the PR stands as evidence and is a de facto contract with us, the shareholders, and is valid in court even if it is false. John cannot back out of it at all. It is effectively carved in stone!