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Tuesday, October 05, 2021 10:07:08 AM
On their last financial filing (2015), KATX had $1,900,000 "Investment in Jeep." That was worth FAR more than LLBO's investment in Cyrcadia.
On the new Form 10, KATX has zero assets.
Do you think KATX still has that $1.9M JEEP investment, and Acropolis is falsifying information on the Form 10 they just filed with the SEC? Who is going to blow that whistle? Who will hire lawyers to correct that -- KATX shareholders in a class action?
KAST only had $17,800 in assets. When Acropolis filed with otcmarkets and listed assets as zero, I thought "that's sloppy of Acropolis to just abandon the assets, but it was only 17 grand, not worth the effort I suppose." But the same pattern with KATX made me realize that Acropolis wants to do as little work as possible to get these current, sell them to a reverse-merger client, and laugh all the way to the bank.
To be fair, Acropolis must certainly realize that the Cyrcadia stock is worthless. they've met James Holmes and they see what happened to the dozen other Nevada corporations that Holmes, his wife, and Benardis started, milked dry, and abandoned.
but abandoning $1.9 million of JEEP stock in KATX? That is kind of startling.
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