I don't have any real details, other than that we are being told that there is a corporation (A) that is supposedly owned 50/50 by 2 individuals. Yet one person owns 100% of the stock.
Has anyone ever heard of such a thing? It doesn't even seem possible, and there's probably a lot more to it. But before we go back and say "whaaaaaat?" or something similar, thought I'd toss this out. All I could think of was that perhaps they were talking about voting vs. nonvoting stock.