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UNQT~Sold Trucks and Subsidiary For $750,000 to Who?!?!

UNQT sold their subsidiary Union Equipment Leasing Inc and truck inventory to Izzy Group, LLC for $750,000.

A Steve Mendieta is listed as Sr. VP of Union Equipment Leasing.

Steven R Mendieta is listed as Manager of Izzy Group, LLC.

Steven R Mendieta is listed as a creditor in the Chapter 7 bankruptcy case of UNQT Director Charles Lance

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RDJ Financial Services Inc n/k/a Union Equipment Leasing Inc.
Sr. VP ~ Steve Mendieta
2901 PROVIDENCE HILLS DR.
MATTHEWS NC 28105

RDJ SOS FL Filing

UNQT filed name change on 5/24/10 RDJ Financial to Union Equipment Leasing Inc.

Izzy Group, LLC ~ NC Corporation

Listed Manager of Izzy Group, LLC = SRM Capital Resources Inc. Steven R Mendieta
Principal Office Address:2901 Providence Hills Dr Matthews NC 28105
NC SOS Annual Report filed 4/30/12

SRM Capital Resources Inc.
Title: PRESIDENT Name: STEVEN R MENDIETA
Business Address: 2901 PROVIDENCE HILLS DR. MATTHEWS NC 28105

Steven R Mendieta - SRM Capital Resources

UNQT acquired RDJ n/k/a Union Equipment Leasing on 5/21/10

On May 21 2010 UNQT acquired RDJ Financial Services Inc n/k/a Union Equipment Leasing Inc from CML III Funding in exchange for 300,000 shares of series A convertible preferred stock = 300,000,000 Million Common Shares after conversion.

The President and Director of CML III Funding is UNQT Director Charles Lance

On August 11 2010 Mr. Charles Lance, as transferor contributed all ownership interest of CML to the Martha D Lance irrevocable marital trust. The Martha D Lance marital trust was still listed as beneficial owner of the 300,000 preferred A shares a/o 3/31/12

These transactions are listed here ~ pg. 14/18 Item 7.12. Changes in Control of Issuer.

So, Steve Mendieta, Union Equipments listed Sr VP forms the Izzy Group LLC on 3/21/12. Two months later UNQT sells it's subsidiary and truck inventory for $750,000 to Izzy Group, LLC = all tied to Steven R Mendieta.

UNQT PR - Sells UEL,Inc and truck inventory to Izzy Group, LLC

UNQT Director Charles R Lance listed SRM Capital Resources Inc. and Steven R. Mendieta as a creditor in his ongoing Chapter 7 Bankruptcy case.

Wonder How much money is owed to Steven Mendieta and SRM Capital Resources?? ~ Also the manager of Izzy Group, LLC? Who owes the money....Lance or UNQT?

Case 6:11-bk-19272-ABB Doc 8 Filed 01/01/12
21454628 - SRM Capital Resources INc., SRM Competitive Resources Inc. 2901 Providence HIlls Drive, Matthews, NC 2810521454629 - SRM Competitive Resources Inc., & Steven R. Mendieta,2901 Providence HIlls Drive, Matthews, NC 28105-6745

So, this is a company moving towards uplisting and higher transparency.....right?

UNQT sells a subsidiary and entire truck inventory for $750,000 to an individual listed as an officer of RDJ nka Union Equipment Leasing ~ And he's listed as a creditor in Lance's chapter 7 bankruptcy case!?!?

GL