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.
You left out the most important part.
Investors are cautioned that even though the financial statements reflect no operations, zero assets and zero liabilities as of February 25, 2014, 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.
The issuer is GRCU!!!
IG
It's easier to fool people than to convince them that they have been fooled