4Cable TV International Inc (CATV)

[CashBowski]

So, shareholders bought a subsidiary (CIGN) for ~$10M that was basically for labor since CIGN doesn’t own anything. CIGN REAL ESTATE LLC, which is privately owned by Feldenkrais (NO CATV ownership) owns the land and greenhouses, but CATV has issued a ton of shares to Feldenkrais for the acquisition, and in addition been paying $10k a month to Feldenkrais to lease the property from himself. That land and greenhouses is now for sale. CATV doesn’t own any of it. Maybe CATV can get a few bucks for the equipment.

So, if Feldenkrais sells the property — not only does CATV ends up with zilch from the sale, but they no longer have a grow operation, which to be honest doesn’t have much going since they only had one contract that ended up in a lawsuit when the crop that Feldenkrais was cultivating failed. However, Feldenkrais and associates managed to secure millions in stock conversions.

Their latest abysmal financial disclosure makes a lot more sense now.

What’s plan C since the restaurant was plan B and failed in 4 months. What other subsidiary and bright ideas will shareholders enthusiastically buy for millions more in shares?

If the issuer leases any assets, properties, or facilities, clearly describe them as above and the terms of their leases.

23100 SW 192nd Ave Suite B Miami, FL 33170 is a leased management facility for operation of the Company.

Agricultural Lease:

In February 2021, the Company’s subsidiary, CIGN, entered into an Agricultural Lease to lease land and greenhouse facilities in Miami Dade Country, Florida. The lease has a term of 2 years, with an option to renew.

On February 9, 2021, the Company acquired 100% of the equity interest in CIGN, LLC. The Membership Purchase Agreement (the “CIGN MPA”) provided for the purchase of equity interest in CIGN for $10,000,000, consisting of convertible promissory notes totaling $3,102,000 and a total of 3,754 shares of the Company’s Series B Preferred Stock valued at $7,000,000. CIGN is located in Florida and is involved in the cultivation and sale of Hemp seeds and seedlings.

In February 2021, CIGN entered into an Agricultural Lease Agreement with CIGN Real Estate, LLC, an entity in which Mr. Feldenkrais is the sole equity holder. The lease has a term of 2 years and provides for monthly rent payments of $10,000.
Mr. Feldenkrais does not have an employment agreement with the Company.

NOTE 7: LEASES
In February 2021, CIGN entered into an Agricultural Lease Agreement with CIGN Real Estate, LLC, an entity in which Mr. Feldenkrais is the majority equity holder. The lease has a term of 2 years and provides for monthly rent payments of $10,000. The lease for land and greenhouses located in Miami Dade County, Florida.

https://www.loopnet.com/Listing/23100-SW-192nd-Ave-Miami-FL/26468188/