Bowmo Inc (BOMO)

[Chaddy]

Sorry - heres the complete UPDATE! (pressed sumbit too early!)

UPDATE

Alright folks... some new info below: (to my knowledge)

After some sleuthing, I was able to dig up some new info on the Supreme Sweets business dealings, as well as current legal dealings. Keep in mind I have shares in UHLN, so I actually care about what is happening. Not trying to sway anything, just present info.

1) Supreme Sweets building location is actually up for SALE
LINK

- This went into play May 11 and last update June 18. I called the Selling Agent and the listing is still valid. The commercial realestate company is CBRE. (https://www.commerciallistings.cbre.ca/en-CA/listings/industrial/details/CA-Plus-99951/111-brockhouse-road-etobicoke-m8w-2w8?view=isSale) I have no clue who owns the building, whether it is Mario or not, but this is the listing agent.

2) As per the listing, there is only ONE Tenant in the building, meaning Supreme Sweets is the only company there. In Addition, the office space listed is approximately 4000 Square feet, answering the other assumptions. This puts to bed the thought that the building hosts several companies, mainly Mario's personal pickup location for his car part dealings, and Food Crafters International, Inc. which brings me to my next point...

3) Food Crafters International - The phone line is dead. This company was created by Mario and his wife, and was sold to A.C Simmonds in 2014. A.C Simmonds has a VERY dirty past in terms of Frauding over Millions from past investors and companies bought. I'm not 100% sure what the relationship had been after the transaction, however, there is a current legal file open that has Barbara Parravano listed as a plaintiff served (https://www.commerciallistings.cbre.ca/en-CA/listings/industrial/details/CA-Plus-99951/111-brockhouse-road-etobicoke-m8w-2w8?view=isSale) - page 20. Past history with AC Simmonds and another company involved, Gouda Fine Products, was frauded over $30 million (https://business.financialpost.com/news/royal-bank-of-canada-could-have-stopped-fraud-bankrupted-entrepreneur-claims)


I know this might have nothing to do with Supreme Sweets, however, it is interesting that there has been such a dodgy past with Mario and Barbara Paravano. Couple everything in with the multiple offers for purchase in the past (2015 & 2017) that never went through and one wonders, Why Now?
Backing info on the purchases :
- https://www.pressreader.com/canada/stockwatch-daily/20151214/281994671433393
- http://www.marketwired.com/press-release/food-innovation-strategy-for-winning-brands-and-supreme-sweets-otc-pink-wnbd-2213107.htm

I have tried to reach out to Supreme Sweets to set up a tour of the facility, however, am restricted to an email exchange only as there is no listed phone number for this company. I tried reaching out to Mario's Car Parts company via phone, but never received an answer either. For now, I will wait for a response from the company as to whether or not we can set up a tour. If anyone is in Toronto as well and wishes to join, I will post their response when received and we can set it up.

Fingers are crossed on this one! GLTA