Thursday, May 06, 2021 12:53:34 PM
SPRV Acquired 1094 Military Trail LLC on March 11th per the last 10-K.
This may come as a shock, but SPRV, as a non-SEC registrant, is not allowed to file an SEC Form 10-K! SPRV abides by the OTC Alternative Reporting Standard, which does not include a 10-K. FYI, a 10-K, per the SEC, must be audited. The referenced document was not audited and, perhaps more importantly, never showed the building's value beyond the 10,000,000 SPRV shares that were transferred to the seller. Is the commercial real estate that bad in Jupiter, Florida????
The due-to-be-posted Q1 2021 SPRV financial statement may provide some clarity, but not even the Renaissance Village Idiot would sell a commercial building that is touted to be worth more than $10 million for less than a million dollars, with value of the compensation, i.e. SPRV shares, falling like a rock since the deal was done at $845,000 on March 11, 2021. Commericial real estate owners are not fools, which is what the post seems to be implying!
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