Bell Buckle Holdings (BLLB)

[Come to Papa]

Ding ding I think I figured out who the merging company is. It’s been right in front of our eyes this whole time. It’s Xcelerated revenue LLC I believe. They report 1 million in revenue too. Could be wrong but if you visit their site they specialize in debt collection and have a tweet posted with BLLB mentioned.
BLLB entered into a purchase agreement with Xcelerated (merging company) that’s where the 750000 came from to purchase the debt. This is making sense now. Kim’s working on getting CE removal before announcing merger. Again I could be wrong.


Read note 4
NOTE 4 – SIGNIFICANT TRANSACTION
On October 8, 2020, the Company entered into a Purchase and Sale Agreement with Xcelerated Revenue LLC, (“Xcelerated”) whereby the Company purchased outstanding delinquent debt obligations held by Xcelerated. Pursuant to the terms of the agreement the Company purchased approximately $19,997,000 of outstanding delinquent debt obligations for a purchase price of $750,000. As of December 31, 2020, no collections of the debt have been made and the full purchase price of $750,000 has been disclosed as an other receivable. In addition, the purchase price has not yet been paid and remains a liability as of December 31, 2020.