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Re: theSauceman post# 868

Thursday, 03/22/2018 9:46:11 PM

Thursday, March 22, 2018 9:46:11 PM

Post# of 1616
actually, no

Its a Sham transaction

$300,000 is wired to a newly formed shell company in China

The $300,000 is immediately wired back to the company that initially wired the money (CRYO), which is now declared as revenue by CRYO

the pure definition of a Sham transaction.






CRYO benefits from a $300K investment in a China joint venture, with a 5 YEAR GUARANTEE valued at $2.5MIL and 5% EQUITY OWNERSHIP in addition to $300K immediate revenue in a separate transaction. That's what I read, and it's good business sense to me to negotiate revenue that offsets an initial investment amount.


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