Stratos Renewables Corp (SRNW)

[WaterCoolerConvo]

Yes, I agree that the shares tied to former debts gets interesting.

I wonder if George can prove that the debts were fraudulent in the first place.

Why Fraudulent?
When going through $SRNW's history, they would continually issue new debts to pay for old ones.

Example:
- 1m is owed 1yr from now, with 10% interest. This would mean 1.1m is owed in 1yr's time.
- When payment time came, the debtors would cancel the old loan, take shares in payment, then give management ~1.1m in exchange, also at 10% interest.
- This pattern repeated 5 or 6 times. Totally strange behaviour..

Note:
These aren't the exact values, I am just using these values to illustrate a point.

In addition, I remember reading a disclaimer that said something along the lines of "$SRNW is obliged to pay 90% of any profits split between these two offshore accounts". Both of those accounts linked back to the lenders....

That got me thinking, was $SRNW formerly used to launder money?
1) Issue the company debt.
2) Instead of collecting interest, collect shares as payment. Rinse and repeat.
3) Should the company post profits, then route a majority of the gains to offshore, tax-haven accounts (they were held in Lithuania and the Cayman Islands).