Gourmet Provisions Intl Corp (GMPR)

[Bobk101]

Where does it say that? I got that the loan was for a certain term, had the date to be paid off and how much a month. So far, they defaulted on the first 11 payments. How could they possibly retain 50% ownership if they default on the loan. I think they have no intention of making the payments and just letting their half go. I dont think they can come up with 11k a month, as they make no0 profit, they lose money. They would need to sell enough stock to make those payments, and enough to cover all the bills and pay Jim and whoever.

I think you have become very misleading here. If you can not afford to pay for your 50%, you lose your 50%. Quite simple. UPZS half was over 500k for 50% ownership and some equipment to put on the books to make them look better. They missed the first 11 payments. They are in a major default on the loan.

Maybe you and I should go into Business. You front all the money to buy everything, have the place ready to open. You do all the work as I don't live anywhere near you. Then you can lend me half of what the cost was to buy everything and Open the place. If I cant pay you the loan payments, We can say all the equipment is yours, But I still own half of the business, and if we make a profit we will be splitting that money. If we are losing money, you can pay that bill! What do you think? Maybe we can take advantage of the New Tap House Franchise financing. You did say you wanted a Tap House near you! What do you think? Lets Do It!