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Posted On: 04/30/2019 7:34:03 PM
Post# of 40990
You would think the Hexagon filing would be easy but........This is an excerpt from a Mary post over a year ago from her conversation with SB:
We know SB still has to find a way to get Owens to remove his name from the Series A Preferred Shares, but according to SB himself, the books must be audited before ONCI can become Hexagon. And we know that is never going to happen. I wouldn't expect a Colorado filing anytime soon unless SB changed his own requirements.
Quote:
The $25,000 question. SB told me what he could and definitely cleared up any concerns I had. YES, the audit will happen. YES we will be Hexagon. YES DE debt will be cleared. Although the DE debt exists, it is MUCH LOWER than anyone knows or assumes it to be. SB feels that the former owners should be responsible for settling it and is legally pursuing this avenue. He said the total DE debt will be revealed on the 3/15 Q1 and again, will be MUCH lower than anyone thinks. But this is only ONE of the issues affecting the audit.
When MAZARS (He reiterated that it’s a 100% bona-fide a REAL letter) started the audit, there was the necessity of obtaining various legal documents from the former shell owners. All of which the owners are hesitating to provide due to the fact that they would accrue a variety of costs and expenses, including responsibility for the now infamous DE debt. Again, SB is legally pursuing this matter and will not let up until MAZARS is satisfied. Once the issues with the former owners and DE is fulfilled, MAZARS can complete the audit and ONCI can become HEXAGON
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We know SB still has to find a way to get Owens to remove his name from the Series A Preferred Shares, but according to SB himself, the books must be audited before ONCI can become Hexagon. And we know that is never going to happen. I wouldn't expect a Colorado filing anytime soon unless SB changed his own requirements.
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