Phoenix Rising Companies Inc (PRCX)

[DaReal]

Just in Case somebody wants to to look a little deeper into this Henan Wandi Mine and the Seller Liu Fakuan her a Link to a Case summary from 08/2019

translation: https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=https%3A%2F%2Fm.qcc.com%2FwenshuDetail%2F838fa75efd26b690450eadae57a9d139.html

org: https://m.qcc.com/wenshuDetail/838fa75efd26b690450eadae57a9d139.html

long read but worth it, imo.

It was also found that on May 4, 2015, Wandi Company was changed to a limited liability company solely owned by natural person Liu Fakuan through industrial and commercial registration .

but more interesting is this part,imo:

According to the effective civil judgment of Xinmi City People’s Court (2014) Xinmi Min Yi Chu Zi No. 216 and Zhengzhou Intermediate People’s Court (2014) Zheng Min San Zhong Zi No. 1161 Civil Judgment, Wandi Company was reorganized According to the agreement, the company’s mining rights were transferred to Kuanfa Company. The main assets such as houses, wells, machinery and equipment under the name of Wandi Company were used as capital and became the assets of Kuanfa Company. Although Wandi’s business license was not cancelled, But it no longer has its own office space and has lost the ability to repay debts. Wandi Company enjoys 49% of the shares of Kuanfa Company. During the execution procedure, its shares can be auctioned or sold, within the scope of its equity Pay off debts owed. 5. The determination of the principal and interest of the loan. The plaintiff requested the defendant to repay the loan principal of RMB 11.2 million, claiming that RMB 10.4 million was transferred to the bank account of Liu Fakuan through Chen Yinglei and Wang Xiaoling’s bank accounts, and RMB 800,000 was paid to Liu Fakuan through cash . The plaintiff submitted the corresponding transfer voucher for the bank transfer of 10.4 million yuan, and this court determined that the plaintiff’s claim of 800,000 yuan was paid in cash.

Lets have a look at this Yuzhou Shenhuo Kuanfa Mining Co., Ltd.

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&pto=aue&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://www.qcc.com/firm/44961afba38d32d2466187fbb007a436.html&usg=ALkJrhg2kCaHeGdwiiPLhbmXepK6jWMuHQ

scroll down a little:


If you want call it bashing... i call it real DD!!

Enjoy and GL to everybody