I have a pretty good idea 10k 2020 Through Med
Post# of 13190
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Posted On: 11/15/2022 10:44:46 PM
Re: ThreeEmInEn #3315
I have a pretty good idea
10k 2020
Through MedRecycler, LLC, the Company owns fifty-one percent (51%) of MedRecycler-RI, Inc., which was pledged by the Company to Mr. Campanella pursuant to a forbearance agreement related to debts owed to Mr. Campanella. The remaining forty nine percent (49%) of MedRecycler-RI, Inc. is held by Nicholas Campanella, personally,
Damages incurred - The asset contribution and profit participation partnership agreement are contingent upon the closing of MedRecycler’s permanent financing to fund the MedRecycler facility in West Warrick, RI. Given that legislation has been approved in Rhode Island that has made the projected unlawful, the PPA and the project has ceased and the PPA has been terminated.
Law suit to be file after Medrecyler-RI loses it's appeal.
All debt of Medrecyler-RI will be paid off after the law suit.
Medrecycler LLC still owns the process.
10k 2020
Through MedRecycler, LLC, the Company owns fifty-one percent (51%) of MedRecycler-RI, Inc., which was pledged by the Company to Mr. Campanella pursuant to a forbearance agreement related to debts owed to Mr. Campanella. The remaining forty nine percent (49%) of MedRecycler-RI, Inc. is held by Nicholas Campanella, personally,
Damages incurred - The asset contribution and profit participation partnership agreement are contingent upon the closing of MedRecycler’s permanent financing to fund the MedRecycler facility in West Warrick, RI. Given that legislation has been approved in Rhode Island that has made the projected unlawful, the PPA and the project has ceased and the PPA has been terminated.
Law suit to be file after Medrecyler-RI loses it's appeal.
All debt of Medrecyler-RI will be paid off after the law suit.
Medrecycler LLC still owns the process.
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