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alabama96

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alabama96

Re: None

Thursday, 03/30/2017 2:56:42 PM

Thursday, March 30, 2017 2:56:42 PM

Post# of 18476
On the 3a10 filings. The filings indicates that the company issued stock to pay for past due legal fees. In order for a company to use 3a10 to fund past due debt, the company must go in front of the courts and the court has to approve the issuance of shares for debt repayment. In PMEA's case it looks like they had past due lawyer fees. It is possible that the company had a lien on their properties (EVADA plane) and had to clear these outstanding legal fees before they could move on with the sale. This could be a very good sign IMO.

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