Friday, June 04, 2021 1:20:02 PM
Doing some real DD, we find SPRV DID NOT ACQUIRE a building! Checking the modified Balance Sheet, SPRV acquired an $11 million mortgage on $13 million medical office building for 10,000,000 SPRV common shares and 5 million preferred Series A shares.
That's right! Contrary to the claim of SPRV owning a building, the mortgage loan provider has a lien on the building, while SPRV exchanged shares to acquire a $2 million equity stake in the property!
WHERE IS COPY OF THE 1094 MILITARY TRAIL ACQUISITION AGREEMENT? Conman Paul Strickland, SPRV's listed "Advisor", has pulled this stunt before, i.e. announce a deal, never disclose the details, then terminate the "deal" two years later! Want proof? Check-out the SPRV/Web-to-Door PR from July 12, 2018! The announced deal NEVER really happened, but the SPRV shareholders did not know it NEVER really happened until July 2020!! It seems we may be seeing an ENCORE PERFORMANCE!
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