Thursday, January 26, 2017 5:05:44 AM
The company clearly took out a loan for X amount of dollars. They said that they'd pay with their assets. It's true that this could mean an asset acquisition, but I think the answer lies with two things.
1. Ply is an LLC
2. VHUB management made it clear in the 8-K that they would be getting integrated into PLY (consulting services)
Because PLY is an LLC, VHUB can technically join them as member. It really isn't much of a stretch to say that if VHUB joins the LLC, VHUB (from a business stand point), will be much more financially stable and much less responsible for their actions. It seems that VHUB is being integrated directly into PLY, which leads be to believe that PLY is using VHUB to become public.
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