Lead Innovation Corporation (LEIC)

[standintall]

The answer to your question is simple. If Chun Hong Cheng Cheng, the 68% shareholder wants to resell this shell to someone else, he needs to keep it current or the value of it will decrease significantly.

As I said previously, he got into this vehicle "guided" by Basilio Chen, a known stock manipulator and con man. I'm sure Basilio made him lots of promises he never intended to keep about raising funds and awesome stock performance. In addition to the hundreds of thousands he paid to get control of this stock, Chun Hong Cheng Cheng also invested another $83,000 to keep it going.

I'm also sure Basilio has abandoned him by now.. so left adrift, on his own he needs to figure out how to make this work for him or find a buyer to try to recoop some of his investment.

If you look at SRBT, you will see the same thing. This was another one Basilio put together.

Here's a question I have about this company. There is an asset for some equipment of $938,061 and an offsetting loan for that amount plus accrued interest since 2016. It had to do with the previous company's plan to build a plant, which was never built so the equipment is laying around somewhere. I wonder if Chun Hong Cheng Cheng even knows where it is and why he would buy controlling interest in a shell with an asset on the books of questionable if any value and a dept of close to $1,000,000? What kind of lie did Basilio tell him to get him to overlook that elephans in the room?