Stratos Renewables Corp (SRNW)

[WaterCoolerConvo]

nah, nothing to be worried about over here.

$SRNW previous debt was tied to 2 major shareholders who held shares as a form of convertible Debt.

As seen in the Form10-12G, it shows that $SRNW applied to have it cancelled on Sept.20th,2021, under rule NRS 11.190(1)(b). After reading up on this rule (Link below), it essentially says that the contract writer has 6years to form an action (ie: claim the debt).

Since the company was deregistered in 2010, and these debts range from 2008-late 2009, this is more than the 6year statutory limit for pursuing bad debts.

So what does that mean for $SRNW holders?
That the likelihood of the ~150m shares owned between I2BF & Blue Day Ventures LTD is very likely to be cancelled, provided the District court of Nevada, Clark County, grants the application.

rule NRS 11.190(1)(b):
https://www.leg.state.nv.us/nrs/nrs-011.html#NRS011Sec190