Here is Mediatek post
I have an update for everyone from management. We are omitting timelines from this update.
First, with regard to financing and funding, the company is now working with several banks. The company expects to hear back on the initial block of 40M in funding in the near future. The top priorities for this money will be to fund significant projects and to pick up two, possibly three near term acquisitions that are being targeted upon receipt. The overarching plan is to bring in this new capital to move the pipeline forward and fund new management.
On the Arbiter Bank money: the initial $4.2M was not a loan, it was a deposit. The company was required to deposit $4.2M as the bank can only loan 10x the amount of that initial deposit. They have had several discussions with Arbiter since the issues with Darin Pastor and are confident that the issues with Darin will not impact the pending Arbiter loan.
The company has no plans to change auditing firms.
With regard to the business itself and new management, the company has settled on the name: Solar Integrated Renewable Corp. The new management team has been selected and is already working with the company in an advisory role. How the new management team will be compensated going forward is a question for them.
Regular earnings calls will begin in 2023 with the new management. The company will have no more direct communication with shareholders in the Discord at all. All communications will be provided by Dave Massey and relayed here through us.
The Hunter Ballew shares have been received and that deal is now complete.
The balance of the PPP loans are being forgiven as we speak and should be reflected soon.
The remainder of the PLEMCo acquisition will be closed by the end of the year.
All Calaway questions will be directed to Calaway, and more information will be provided during the Q&A/Call with them.
