There was no debt at the time of the merger. All
Post# of 11106
Posted On: 08/20/2015 8:08:24 PM
There was no debt at the time of the merger. All of it that was levied against the Nevada corporation were settled with shares. Check the Quarterly filing on May 31. It shows the 11B in shares issued to settle all of that debt. Anything remaining was against Peter or the florida corporation that was not included in the merger.
Peter kept much of the toxic assets that were in Florida. Along with those assets were a specific liabilities that did not follow on to the new company. Those that were eligible were paid out through stocks. It is all in the fins. Anyone claiming otherwise is likely a disgruntled debt holder. Too bad. So sad.
Peter kept much of the toxic assets that were in Florida. Along with those assets were a specific liabilities that did not follow on to the new company. Those that were eligible were paid out through stocks. It is all in the fins. Anyone claiming otherwise is likely a disgruntled debt holder. Too bad. So sad.
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