Sunday, March 26, 2023 4:09:35 PM
"On January 15, 2016, the
remaining outstanding debenture amount of $311,007 was acquired by Whitecastle Capital
Corp. and as of June 30, 2018, the total amount of the debt outstanding with accrued interest
was $328,144."
Investors repeatedly ask ,"why doesnt the company just buy out the note so common shareholders equity would be protected?"
The companies response has always been that they cant control the note holder and that WC has full control over the debt for equity conversions.
This is a fabricated lie!
The terms of the all original note(s) have redemption (buy out) language in all financials prior to 2016:
"The Company also has the right to redeem the debentures, upon 10
days’ written notice to the holder, by paying 105% of the outstanding principal amount plus
accrued and unpaid interest."
AABB could "redeem" WC note at any time for under a million dollars. Instead they have stolen over a hundred million dollars from common shareholders by dilluting and selling shares from the WC note scam. Its all there in Black and white if you know where to look.
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