Apple Rush Company Inc (APRU)

[hedge_fun]

Lena’s outstanding loans have nothing to do……

with the licenses or ownership. Read what it says…..geez.

Nothing will be transferred (ownership) until governmental approval, not lender approval, which is ONLY for loan responsibility.

Plus, the poster you are responding to once claimed a APRU wouldn’t even need to apply for a license, which is what the update clearly shows. They must certainly do to acquire ownership of Lena, just as I have explained.

First they are seeking approval for the responsibility of the loan and guarantees to APRU. If/when that is approved they’ll file for a transfer of ownership via a license. I have posted on several occasions where the Commission approved transfer of ownership to a new owner who was applying for a license.

You don’t transfer ownership and then apply as LC claimed several times. It’s simultaneous.

APRU and Lena Brewing will be working with Lena’s lenders for transfer of responsibility of outstanding loan covenants and guarantees to APRU and upon lender approval and transfer, APRU and Lena Brewing will file required paperwork with governmental agencies to transfer ownership of Lena Brewing to Apple Rush Company, Inc. as a wholly owned subsidiary. Operations will be maintained by Ross Vehmeier and the staff at Lena Brewing."

But congrats. It’s good to see Tony might pull it off.

He still needs to get the Illinois registration straightened out and he needs to get beneficial ownership clearly defined in the Articles.