First of all the license in April was pertaining to the GA business license dated April 29th. The License pertaining with the Dept of AG started in end of May/June and is still in process....the license from the department of AG is what is holding them up.
As far as the $100k in equipment, this is what the company has stated they put in:
They could have purchased it outright and based on timing not all hit the last Q. The other more likely alternative is that not all equipment is purchased but leased or financed over multiple years which is very commonplace regarding commercial equipment. So the statement that they have put in $100k of equipment is probably accurate. Like I said before, if anyone is close they most likely could go to PREP and witness the equipment.
So in the search for facts and accuracy it would seem that your "lie#1 and lie#2" are not really lies but seemingly misunderstanding the different licenses required and timing of those as well as the ways in which personal property such as commercial equipment can be purchased and or accounted for on a balance sheet.
If you haven't learned yet, most posts on a message board are in the writer's opinion. All of my posts are in my opinion (IMO)......do your Due Diligence (DD) and make up your own mind!
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