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Posted On: 04/17/2022 12:12:45 PM
Post# of 3400
More on the "Pearlman" shares. If you look back at the 2013 (and prior) disclosures you will see where the 167,000,000 shares originated from:
"On 27 September 2012, Energy 1 Corporation issued 167,000,00 restricted shares of its Common stock to TCA Global Credit Master Fund, LP (“TCA” or “TCA Fund”) as and in lieu of an investment banking service charge of US$100,000 in connection with a $3MM Senior Secured Credit Facility established by and between TCA and the Company, whereby funds would be made available to Energy 1 Corporation by TCA on an as-needed basis, with the initial draw set at US$600,000." (This is taken from the March 2013 Quarterly).
SEC details on TCA Fund:
https://www.sec.gov/divisions/enforce/claims/...-group.htm
"On 27 September 2012, Energy 1 Corporation issued 167,000,00 restricted shares of its Common stock to TCA Global Credit Master Fund, LP (“TCA” or “TCA Fund”) as and in lieu of an investment banking service charge of US$100,000 in connection with a $3MM Senior Secured Credit Facility established by and between TCA and the Company, whereby funds would be made available to Energy 1 Corporation by TCA on an as-needed basis, with the initial draw set at US$600,000." (This is taken from the March 2013 Quarterly).
SEC details on TCA Fund:
https://www.sec.gov/divisions/enforce/claims/...-group.htm
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