Emperial Americas, Inc. (fka TEXX)

[hedge_fun]

On September 6, 2011 Emperial Americas, Inc. (the private company) entered into a Debt Agreement by and between Victory Partners, LLC. Such agreement was assumed by the Corporation on March 9, 2012. Pursuant to the agreement such debt is convertible into free trading shares of the Corporation at a fixed sale price of $0.16 with a 40% discount for an issuance of $0.096 per shares. On April 11, 2012, the law office of Mark E. Pena issued an opinion with regard to the convertibility of the debt into free trading shares of the Corporation.

http://www.sec.gov/Archives/edgar/data/1424718/000114420412047802/v322309_10q.htm

The Pena Letter

http://www.scribd.com/doc/225948487/Pena-Debt-Opinion-for-EA-Debt-Carry-and-Issuance-4-11-12

I wonder why Alex Starvou wasn't mentioned in the 10Q? He was certainly mentioned in the email to the TA.

http://www.scribd.com/doc/248629135/Huffman-Email-to-Olde-Monmouth

From the Q linked above....

In the quarter ending June 30, 2012 the company issued 11,847,455 shares of restricted company stock for services rendered and debt.

All restricted? Really?

Please note: The agreement was Sept 16, 2011, not Sept 6, as Pena and Starvou opined.

http://www.scribd.com/doc/248737366/SPA-9-16-11-VP-and-EA