ONE LAST TIME...I'm done with this topic. Pleas
Post# of 13555
(Total Views: 115)
Posted On: 11/21/2022 9:16:10 PM
ONE LAST TIME...I'm done with this topic.
Please read slowly the red text below.
NOTE 8 - RELATED PARTY TRANSACTIONS
11/14/22 10-Q (3rd qtr-2022)
https://app.quotemedia.com/data/downloadFilin...CK=1343465
Page 17
In January 11, 2019, the Company entered into that certain Forbearance Agreement between the Company and Nicholas Campanella. Mr. Campanella is owed approximately $648,400 in principal and interest on loans and lines of credit issued by the Company. Those debt obligations are currently in default. As consideration for the forbearance of those debts, the Company has agreed to provide a pledge of 100% membership interest in MedRecycler, LLC , and wholly owned subsidiary of the Company organized in the state of Nevada which holds 51,000 shares of MedRecycler-RI, Inc. as security against the moneys owed . The amounts owed to Mr. Campanella date back nearly five years and represent cash payments made by Mr. Campanella to Sun Pacific Power Corp. On April 3, 2019, Mr. Campanella agreed to extend the forbearance until December 31, 2022.
Sort of like saying I didn't get the job done. As a result the company couldn't pay me for what I loaned to the company...so I'l assign 100% of the LLC membership to me instead of Sun Pacific Holding Corp. According to Neveda filings, Sun Pacific Holding Corp was the officer of MedRecycler LLC until June 2021 when it was changed to same person that pledged 100% of Medrecycler LLC to himself.
Kiss it goodbye!
- Medrecycler LLC's Nevada Secretary of State: no annual report filing since June 2021
- Annual Report Not Filed
- Entity Status: Default.
- Company no longer listing an address, officer nor a principal office address.
Then ask yourself why person that owns 100% membership in Medrecycler LLC is also listed as the sole officer of Medrecycler-RI on the Ri Secretary of State website
Know what you don't own.
NO more on this topic please.
in my humble opinion
cheers
Please read slowly the red text below.
NOTE 8 - RELATED PARTY TRANSACTIONS
11/14/22 10-Q (3rd qtr-2022)
https://app.quotemedia.com/data/downloadFilin...CK=1343465
Page 17
In January 11, 2019, the Company entered into that certain Forbearance Agreement between the Company and Nicholas Campanella. Mr. Campanella is owed approximately $648,400 in principal and interest on loans and lines of credit issued by the Company. Those debt obligations are currently in default. As consideration for the forbearance of those debts, the Company has agreed to provide a pledge of 100% membership interest in MedRecycler, LLC , and wholly owned subsidiary of the Company organized in the state of Nevada which holds 51,000 shares of MedRecycler-RI, Inc. as security against the moneys owed . The amounts owed to Mr. Campanella date back nearly five years and represent cash payments made by Mr. Campanella to Sun Pacific Power Corp. On April 3, 2019, Mr. Campanella agreed to extend the forbearance until December 31, 2022.
Sort of like saying I didn't get the job done. As a result the company couldn't pay me for what I loaned to the company...so I'l assign 100% of the LLC membership to me instead of Sun Pacific Holding Corp. According to Neveda filings, Sun Pacific Holding Corp was the officer of MedRecycler LLC until June 2021 when it was changed to same person that pledged 100% of Medrecycler LLC to himself.
Kiss it goodbye!
- Medrecycler LLC's Nevada Secretary of State: no annual report filing since June 2021
- Annual Report Not Filed
- Entity Status: Default.
- Company no longer listing an address, officer nor a principal office address.
Then ask yourself why person that owns 100% membership in Medrecycler LLC is also listed as the sole officer of Medrecycler-RI on the Ri Secretary of State website
Know what you don't own.
NO more on this topic please.
in my humble opinion
cheers
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