Everything stems from Eric's confusing and different changing comments. Eric never said GT Health Inc was part of the acquisition. For months, or from the beginning he referred to acquiring assets that he would put in a new subsidiary company he was forming. Only sometime in 2022 that it started to change to include GT Health Inc with joint venture "relations" to joint venture "partner" to acquiring a "majority vested interest" in GT Health Inc to now "owning a majority" of GT Health Inc.
It all started with his misleading communication of losing a bank line of credit. He not even mention there was two separate entities involved to recently or couple of months ago.
Why would anyone think GT Health was part of the acquisition with what he said. One can only go by his words. I don't recall saying he should not share about it, just recall saying I did not know the situation. Must have said 10 + times I was not clear on things and make it clear many times it is speculation. Everyone here including yourself speculates a great deal.
Again as just repeating I said "if" he was acquiring a majority interest through share purchase, you typically acquire the debts too. That's all I said. I said he should clear this up. As a public company he should clear up several things like what did he pay to acquire whatever it is he is acquiring.
I will assume GT Health Inc currently has debts. Call is speculation. Eric even said it helped GT Health Inc financially. So how do those debts get paid ? Do they not get carried over ? If I am a creditor of GT Health Inc and my debt is not being paid, I go after both Winning Brands and GT Health Inc based on what Eric said verbally.
Now in Court, something different could come out, different to what Eric said. To be honest I am still not sure of the structure or arrangement.
Could GT Health Inc have no debts? I suppose it's possible, but unlikely. Now with all due respect and sorry to say this, because of that lawsuit with the misleading information mentioned in it, I would prefer to see records, filings, but that might not be forthcoming. I think we will just see the Q3 report, which I don't know if it will be combined as one company or reported as two, Likely one. Than we can look at the debts in Q3 to compare to Q2.
All along Eric was referring to no debts pertaining the vesting order acquisition of the assets. This does not necessarily mean to include GT Health Inc as its not part of that that VO situation. Just saying there may be just debt that GT Health Inc has, that is moving over and under WB's corporate structure, that may fall under WB's responsibility to some extent. May be little if correct.
GT Health Inc was listed as some creditor liability in the Bankruptcy. As it appears 58% owned by Vincent's creditor company, also listed as property asset 58%. Not sure what it means as at the time no values were put in, or $1.00. I have the doc but did not post it. Not interest in hearing about fakery.
