Green Cures and Botanical Distribution Inc (GRCU)

[Odessa99]

You know very well that what the attorney opinion letter offered was a CYA type statement. There is not a court in the land (that I am aware of) that would hold one party responsible for the liabilities and obligations when all of the associated assets (ip and otherwise) were transferred to another entity.

BTW, congrats on GRCU holding up very well indeed after several green days.

Yes and the Attorney Opinion Letter offered a caveat to that statement:
Quote:
"none of the Issuer’s creditors agreed to the assumption of the Issuer’s outstanding debts by Privileged World Travel Club, Inc. and that if Privileged World Travel Club, Inc. is unable to honor its obligations to satisfy the Issuer’s outstanding debts, then those creditors will have a claim against the Issuer."

As always, simply my opinion.

GRCU