"its like me saying here cranswick heres 1000 to buy 2000 mmx shares at 50 cents they go to 2 dollars does cranswick have to pay me back the 1000 or half the 2000 if thier was no agreement in pace then i dont have a leg to stand on all cranswick owes me is the 1000.."
constructive trust cases are nothing like that at all - although it appears to be the perception of a lot of MMX posters
it is more like you going into cranswick's bedroom and taking the $1,000 without telling him, then using that money to invest in MMX shares.. the point behind the constructive trust case that cranswick would have against you is that that you should not benefit from ill-gotten gains
the fact that there is no loan agreement in place between CHM and MMX may actually helps CHM's position imo - if there was a loan agreement it would be for principal + interest - no loan agreement may leave it open for interpretation as a constructive trust
MMX Price at posting:
$1.54 Sentiment: None Disclosure: Not Held