Phoenix Rising Companies Inc (PRCX)

[DaReal]

I think that's incorrect.
RSSV Filing shows they signed the Aquisition on 24th Feb'20...

On February 24, 2020 the Company entered into a Purchase Agreement (the “Agreement”) with Mr. Liu FaKuan (“Seller”), the sole owner of Henan Wandi Mining Product Development Co., Ltd. (“Wandi”), a corporation organized in the People’s Republic of China (“PRC”), pursuant to which the Company will effect an acquisition of Wandi by acquiring from the Seller all outstanding equity interests of Wandi. Wandi owns 49% of a coal mine known as You Zhou Shenhuo Kuanfa Mining Company Ltd., (the “Mine”), with Zhengshou Yshong Coal Industry Co., Ltd. (a State-owned enterprise) owning the remaining 51% of the Mine.



Pursuant to the Agreement, the Company issued 60,000,000 restricted common shares of stock of the Company to the Seller. The obligations of the parties to complete the acquisition is subject to the fulfillment (or, in some cases waiver) of due diligence and certain closing conditions. Upon closing of the acquisition Seller shall transfer to Company 100% of the issued and outstanding equity interests of Wandi, which will then become a wholly owned subsidiary of the Company.

IF everything got paid already, how comes that the Judge in China decided on May 15, 2020 to extend the Asset Freeze for another 3 years for Liu Fakuan <- the sole owner of this Henan Wandi thing?

Something doesn't add up here.