Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: MoneyBaggs who wrote (10018)	8/31/1998 9:09:00 PM
From: Forest Gump	Respond to of 11684

Horseshit! It takes all of a day or two to set up a corporation, I have done it many times.. No offense to you slim,, er,, I mean moneybaggs

To: MoneyBaggs who wrote (10018)	9/1/1998 11:33:00 AM
From: Janice Shell	Read Replies (1) \| Respond to of 11684

For anyone who's still interested, here's the account I have of how the reverse merger with ICVI was set up: Christensen was supposed to issue 50 million shares and give them to Tow for the land. AND he was also supposed to sell additional shares and give the proceeds to Jack to use in starting up the business. He did so, delivering these shares to Guttman, who sold them and sent the money to Jack. WHAT HAPPENED TO THIS MONEY? Jack may have used some of it for operating expenses, but what about the rest? I don't know exactly how much stock was involved, but apparently it wasn't actually as much as the 19 million shares that Jack later claimed Christensen had issued "illegally". Christensen's compensation for the sale of the shell was 10 million shares, which of course were restricted and are now pretty much worthless.