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Post# of 343829
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NoMoDo

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Re: EAST COAST 1 post# 304454

Tuesday, 04/16/2019 1:57:24 PM

Tuesday, April 16, 2019 1:57:24 PM

Post# of 343829
Dig a little deeper.

Vic was owed $270k from previous management for work performed. On Oct 17, 2018, it was announced that there was a debt to equity swap.

In that same PR, it was announced that a third part bought those preferred shares from Vic (Beth Meyer), and has agreed to hold those shares for AT LEAST 10 years.

Sharp managed to clean up the shell and found a 3rd part investor to hold onto those preferreds for a period of at least 10 years. Wow.

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