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Manti

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Manti

Re: alexanderspeer post# 333242

Monday, 07/28/2014 1:27:02 PM

Monday, July 28, 2014 1:27:02 PM

Post# of 375420
Technically, they haven't even bought the store yet: it's not paid for.

Read the agreement:

GEI came up with 100k somewhere (probably a convertible note)

The seller financed 75K

GEI still owes over 76k

There is no mention of any liabilities against the store other than the lease, but it does state that the seller keeps all accounts receivable...

Looks like Q just bought a bunch more debt to pass on to shareholders...


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