not for IHub ok just spoke with my contact at QL
Post# of 868
Posted On: 03/11/2016 2:30:56 PM
not for IHub ok just spoke with my contact at QLTS huge 8k next week on $75mil in funding and $30 mil stock purchase buy in at $1 PPS so looks like everything is a go. ref:1) In my last letter to you, I referred to the work of Wild Stallions, LLC with Q Lotus and Harvesttime to establish a worldwide network in connection with the execution of the trading and monetization activities. It has become apparent that it would be beneficial to Q Lotus if Wild Stallions itself became further integrated with Q Lotus to facilitate the best results in ongoing activities of all three companies.
While greater integration benefits Q Lotus and Harvesttime, it also benefits Wild Stallions. Wild Stallions is seeking a substantial interest in Q Lotus along with the opportunity to meet all of Q Lotus funding needs. Accordingly, Wild Stallions has committed to invest $30,000,000 by way of a purchase of 30,000,000 shares of common stock of Q Lotus Holdings Inc. ($1.00 a share). Q Lotus and Wild Stallions are in the process of finalizing documentation and closing.
It is expected that Q Lotus and Harvesttime will continue to utilize the capabilities of Wild Stallions to finance various projects as it was previously established, funding for the following projects:
The Port of Fort Pierce project in Florida
The Lake Zurich Entertainment Complex project in Lake Zurich, Illinois
The realization from the Silica Mining Claims in Oregon
And any and all other approved projects.
The 30,000,000 share purchase of Q Lotus Holdings Inc. common stock is independent of the $75,000,000 commitment from Wild Stallions, LLC which is being funded through the team’s trading and monetization activities.
We expect to provide frequent updates as our activities progress.
ref: 2) We are finalizing the agreements and procedures for the proper funding of the $75 MM commitment from Wild Stallions, LLC to Q Lotus Holdings Inc. To bring you fully up to date, I have included a copy of the Payout Commitment Letter from Wild Stallions, LLC to Q Lotus Holdings Inc. along with a copy of our currently proposed Funding Disbursement Agreement which is in the process of final approval by Wild Stallions, LLC. These steps are directed towards ultimately completing the capacity necessary for full funding of both, the Q Lotus Holdings Inc. business plan and its various projects, as well as repayment of loans with appropriate returns.
Thank you for your continued support. I will be issuing an update by the middle of the week.
While greater integration benefits Q Lotus and Harvesttime, it also benefits Wild Stallions. Wild Stallions is seeking a substantial interest in Q Lotus along with the opportunity to meet all of Q Lotus funding needs. Accordingly, Wild Stallions has committed to invest $30,000,000 by way of a purchase of 30,000,000 shares of common stock of Q Lotus Holdings Inc. ($1.00 a share). Q Lotus and Wild Stallions are in the process of finalizing documentation and closing.
It is expected that Q Lotus and Harvesttime will continue to utilize the capabilities of Wild Stallions to finance various projects as it was previously established, funding for the following projects:
The Port of Fort Pierce project in Florida
The Lake Zurich Entertainment Complex project in Lake Zurich, Illinois
The realization from the Silica Mining Claims in Oregon
And any and all other approved projects.
The 30,000,000 share purchase of Q Lotus Holdings Inc. common stock is independent of the $75,000,000 commitment from Wild Stallions, LLC which is being funded through the team’s trading and monetization activities.
We expect to provide frequent updates as our activities progress.
ref: 2) We are finalizing the agreements and procedures for the proper funding of the $75 MM commitment from Wild Stallions, LLC to Q Lotus Holdings Inc. To bring you fully up to date, I have included a copy of the Payout Commitment Letter from Wild Stallions, LLC to Q Lotus Holdings Inc. along with a copy of our currently proposed Funding Disbursement Agreement which is in the process of final approval by Wild Stallions, LLC. These steps are directed towards ultimately completing the capacity necessary for full funding of both, the Q Lotus Holdings Inc. business plan and its various projects, as well as repayment of loans with appropriate returns.
Thank you for your continued support. I will be issuing an update by the middle of the week.
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