neverfinished, I-Glow is not misinterpreting anything...
"well you're misinterpreting all that is stating is the creditors were not informed of the deal made between grcu and privileged world travel club."
Do you understand what Weed was trying to say? When you do a shell deal, you never, under any circumstances sign any kind of a deal until all the creditors have been dealt with. In almost all cases, the lawyers doing the deal will offer X amount of shares for whatever is owed to them. If they can not get them to agree to that, they have to agree to not go after GRCU for their money. Creditors don't like to do that. They want some guarantees so they don't get left high and dry.
ALL creditors have to be dealt with before any shell deal is done, otherwise the new owner of the shell is leaving himself wide open for big trouble, and that has happened way too many times.
So when Weed made that statement, he was telling you, the investor, that if these creditors suddenly want their money or decide they want to cause trouble, then they can cause all kinds of trouble.
As I said before, you never sign off on a shell deal until every single last creditor is 'dealt with.' Period.
Weed doesn't have to go into the long explanation. He knows that most people reading his statement know exactly what he's talking about.
(I only have one post a day, so I can't respond until tomorrow.)
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