Wednesday, May 26, 2021 9:43:30 AM
The quarterly report preparer, long-time scammer and SPRV's paid "Advisor", Paul Strickland, blew it big-time! What Strickland did is certainly fodder for a shareholder lawsuit, if there are those interested in pursuing such a legal action!
Corporate finance is not "kids' sandbox"! The originally posted Q1 Financial Report was a FRAUDULENT portrayal of the Company's financial condition. Are there investors who acted as of result of the Strickland perpetrated misrepresentations????
BTW, in order to understand the value of the building, one must consider it's NET VALUE, not its touted GROSS VALUATION. Due to the existing mortgage on the building, the NET VALUE, per the NEWLY POSTED Q1 Balance Sheet is roughly $2 million. Given the FACT a Merger Agreement has NEVER been publicly disclosed, the SPRV shareholders can only speculate on what happened!
The view from 20,000 feet suggests the SPRV shareholders paid 10,000,000 SPRV common shares, which are currently worth less than $85,000, and 5,000,000 preferred Series A shares, which are worth some allusive nebulous number, thus finalizing the merger with 1094 Military Trail and its $2 million in equity in a single building.
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