InvestorsHub Logo
Followers 511
Posts 59425
Boards Moderated 4
Alias Born 12/21/2009

Re: grantastic post# 78200

Tuesday, 03/12/2024 6:17:34 PM

Tuesday, March 12, 2024 6:17:34 PM

Post# of 79153
I would imagine the money is in escrow.......and

I said that before.

Did you actually read the document?

This payment is the final payment after the initial $500,000 payment wired in October 2023. 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.

As I also proclaimed before, that wasn't written by Tony. An attorney wrote that.

Lena's lender needs to approve transfer of responsibility of debt and then APRU's principals can apply for licenses. Since the latter hasn't occurred then it's obvious the former still is in the works.