Metrospaces Inc (MSPC)

[nodummy]

That is even worse. That means that 1,497,763,019 shares were added to the float and not a penny of debt was paid off. So MSPC is still carrying $1,037,238.88 in debt.

Either way it is going to lead to future dilution for MSPC.

And that proves that the 3(a)10 transaction was structured as an illegal kickback scheme with the shares being issued first before the debt was paid for.

MSPC participating in a kickback scheme is just another reason that MSPC is a suspension risk (besides being a delinquent filer and doing business with a banned securities violator named Robert Gandy).

That press release raises major red flags.

#1) the 3(a)10 transaction was from September (then settled on November 1st) - not from December.

#2) there is no question that shares were issued and sold already from the 3(a)10 transaction. MSPC disclosed this in an 8K from November and the MSPC float grew by 1,497,763,019 shares since the 3(a)10 settlement


The fact that Oscar Brito is giving false information in the press release is disturbing.