scrip takeover..., page-5

mmm - watso is long in the tooth, and is not up to date. watso would assume that asi is a private company, with one shareholder. from memory, a public company needs to have 20 shareholders (could be wrong, ) - but one would assume that 20 shareholders could be found

one thing that crossed watso mind, was the "going concern" thingy. if the NEW company, makes a scrip takeover for bcs, then there would be doubts about the company operating as agoing concern - ie meeting their debts as they are due (ie the $1 per share) - thus making the directors responsible. still a need for a fall guy, to save the rest of the sinners - maybe in future years, the fall guy wil be known as jc2