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Re: TedJ post# 98138

Sunday, 02/21/2021 11:21:37 AM

Sunday, February 21, 2021 11:21:37 AM

Post# of 104572
I will point out that the current situation is not really a sale of the company's property or assets. Pasaca will not own any assets such they can walk away with the asset or use it for their own purposes, they will just own 51% of the common stock, which gives them control of the voting but their other rights are the same as the other shareholders.

Another point, if QMC fails to uphold the parts of the agreements and/or defaults, then Pasaca could end up owning certain assets or property outright, as described in the agreements.

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