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Posted On: 06/11/2022 5:35:28 PM
Post# of 13842
Re: ThreeEmInEn #2079
You do realize Medrecycler-RI is only a subsidiary of a subsidiary..
It has no effect on the common shareholder or shares of SNPW .
Per 10K 2021
Looks like it turn out alright,
Quote:
On November 12, 2020, a convertible senior secured promissory note for $500,000 was executed that will convert into ten percent (10%) of MedRecycler RI, Inc's common stock upon MedRecycler RI, Inc. receiving its operating permit. MedRecycler RI, Inc. is currently drafting agreements under the term sheet for a stock purchase agreement for $1,500,000 upon receiving its operating permits for an additional twenty percent (20%) percent of common stock of MedRecycler-RI, Inc.
It has no effect on the common shareholder or shares of SNPW .
Per 10K 2021
Quote:
On May 28, 2021, MedRecycler, LLC, exchanged its 51% interest in MedRecycler RI, Inc. a Rhode Island Corporation for a profit participation agreement with MedRecycler RI, Inc. MedRecycler RI, Inc. was created for the Medical Waste to Energy facility that the Company was attempting to finance and operate in West Warrick, Rhode Island. The Company no longer consolidates MedRecycler RI, Inc. as of May 28, 2021 and all Assets and Liabilities have been sold and/or settled.
Looks like it turn out alright,
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