International Star Inc (ILST)

[Slojab]

There are 4 owners total in the company who each own 25%. The four are Mike Shea, Barbara Carol, Howard Metzler, and Donnell Vigil (who is no longer with the company.)

Don't the shareholders own any %age? Or are they only on the hook for the debt?

There are two debt holders on the books. The loans are old and ILST has defaulted on them, which means the debt owners own a sizable portion of the mine. They both have a lien on the mine but no leins have been filed as of now. Both companies now have new ownership so upon funding, ILST will attempt to restructure the loans so the debt holders own less, if any of the mine