Wednesday, February 04, 2015 7:23:06 AM
Form 10/A, page 12, filed 1-21-2015:
"In March 2013, the Company paid $621,250 for loan default insurance to a third party as required by the lender on an international loan facility. The lender was unable to fund the loan and a cooperative exit from the loan commitment was agreed to by the parties on June 12, 2014."
First off, Chester uses the wrong year for the "loan default insurance" payment (it was in 2014, not 2013).
Secondly, who is this "international lender"?
Why is the institution or individual NOT named? ANYWHERE in the documents filed with the SEC?
IF the entity does not, in fact, exist, does Chester get some sort of cover by not naming it (or them) in these filings?
Do due diligence
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