Green Automotive Co Corp (fka GACR)

[powerbattles]

THEY CAN'T EVEN PAY THE RENT!!!


On or about July 21, 2015, our current management became aware that the landlord of Newport Coachworks’ warehouse and manufacturing facility located on Wilson Street in Riverside, California, had locked our personnel out of the facility due to failure to timely pay the rent. At the time we were locked out of the facility, certain assets of Newport Coachworks were inside. We also became aware that the facility may have been leased to a different shuttle bus manufacturing company, unrelated to us. We are currently negotiating with the landlord of the Wilson Street facility, as well as the new tenant, regarding the facility and Newport Coachworks’ assets in the hopes of repossessing the facility and gaining possession of Newport Coachworks’ assets. Those negotiations are ongoing. We are also attempting to determine from Mr. Read and the landlord of the Wilson Street facility exactly what has happened with Newport Coachworks and its assets and determine the exact nature of the relationship, if any, between those parties.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.