We already know that Palewater Group Inc/Milost Global Inc has been buying up shells from the Joseph Arcaro/Jeffrey DeNunzio/Frederick Bauman shell hijacking group
Well the Palewater/Milost links to the Arcaro/DeNunzio/Bauman group don't end there.
Milost Global Inc attempted to go public in 2017 by acquiring a blank check company named Precise Acquisition, Inc which Jeffrey DeNunzio's dad Thomas DeNunzio created
On September 22, 2017, Thomas DeNunzio of 780 Reservoir Avenue, #123, Cranston, RI 02910, the sole shareholder of Precise Acquisition, Inc. (the “Registrant” or “Company”), entered into a Share Purchase Agreement (the “Agreement”) with Milost Global Inc. with an address at 48 Wall Street, Level 11, NY, NY 10005. Pursuant to closing of the agreement on October 9, 2017, Mr. DeNunzio transferred to Milost Global Inc., 8,000,000 shares of our restricted common stock which represents all of our issued and outstanding shares in consideration of $75,000.
On October 9, 2017, Mr. DeNunzio, the sole shareholder of Precise Acquisition, Inc., consummated a sale of 8,000,000 shares of our common stock to Milost Global Inc., for an aggregate purchase price of $75,000. Following the closing of the share purchase transaction, Milost Global Inc. owns a 100% interest in the issued and outstanding shares of our common stock. Milost Global Inc. is the controlling shareholder of Precise Acquisition, Inc. Commensurate with the closing, Precise Acquisition, Inc. filed with the Delaware Secretary of State on October 12, 2017, a Certificate of Amendment to change the name of Registrant to Milost International Inc.
So Milost now owns the DeNunzio shell so they should be reporting hundreds of millions of dollars in capital right?
Well let's look at the most recent 10Q from January 2018
Milost International, Inc., (formerly known as Precise Acquisition, Inc.), a Delaware corporation (“the Company”) was incorporated under the laws of the State of Delaware on January 30, 2017 with the name Precise Acquisition, Inc. The Company intends to seek to acquire assets or shares of an entity actively engaged in business which generates revenues, in exchange for its securities. As of November 30, 2017, the Company had not yet commenced any operations.
Since Milost Global Inc owns Milost International Inc, Milost International Inc having no assets and no real operations doesn't look good for Milost Global Inc which claims to be signing all sorts of term sheets for hundreds of millions of dollars in financing for a bunch of public and private companies - none of which have amounted to anything real so far