InvestorsHub Logo
Followers 69
Posts 9465
Boards Moderated 0
Alias Born 04/15/2012

Re: kbox post# 42099

Friday, 07/18/2014 11:53:06 AM

Friday, July 18, 2014 11:53:06 AM

Post# of 90352
Don't let the Seagull filing confuse you. That is the office complex where CWS had an office until they closed it and made the employees work from home. That action from 2011 was not pursued once CWS left. I do not know if Seagull was owed anything that remains unpaid; perhaps the suit could be reopened.

The court suit that matters is the one in which CWS sued Sandia and then settled for $500,000 just before merging with A-P-i-yi! (now WafR) and then didn't pay and eventually was ordered to pay and still hasn't and thus remains in contempt.

Soooo, Sandia asked that the software be put into receivership so that it can be sold to pay as much of the settlement owed to Sandia as can be obtained.

As for

WAFR can't up list without first satisfying the debt


I don't know that that is true. There are plenty of obligations in APII/WaFR's history that would need to be met if that were so.

I think what is likely a bigger barrier to uplisting is getting the SEC to sign off on a Form 10. I would hope that they're going to want an explanation as to why Cyril and Teresa were issued 66% of the 9 billion shares for compensation of $30,000 each.