Access Power & Co Inc (ACCR)

[Zorax]

Thank you, I stand corrected about promissory notes, but they're claiming stock manipulation as a cash deal. The interesting part is why?
It sort of looks like the bar owners may have been in financial straights and used this to save their bar. This isn't a new technique.

Unaudited forever and still is. Non SEC filer. Only letters to otcm, which are not to be relied on nor are verifiable.
It's an all stock deal, using promissory notes with stock as cash.

This whole thing is sketchy as a-c-cr was already a public shell. There's still some questions because a-c-c-r is still trading as a-c-c-r the holding company and a subsidiary and may be still separate and can't claim non shell status. Again, otcm does not vet any 'fins' that penny stock shells submit.

"After the 2023 merger, the new management team has obtained an LOI with Racks Billiards LLC to be
merged into the company. Effective October 1, 2023, the merger was completed"

This promissory note is in the fin 'letter' as cash in the statement, which it isn't, it's a stock buy out and at any time they can extend the note as they see fit. The bar owner got a aquivalent in a-c-c-r new issued stock, which btw, they had alreasy issued themselves some preferred for free last year for 'salaries'. No cash was exchanged. a-c-c-r itself had no cash or assets except stock, thus the promissory note.

Note 4 – Investment in Racks Billiaards LLC and related Promissory Note
Effective October 1, 2023, the Company purchased Racks Billiards, LLC, a Delaware holding company
which in turn owns 100% of Racks Billiards, LLC, a Florida company which operates the activity. The
purchase price was $5,680,500 (five million, six hundred eighty thousand and five hundred dollars). The
Company issued a promissory note for the full amount of the purchase price.
Interest on the promissory note is 7.50%, which is due with all principal on October 1, 2026, unless paid
earlier.

https://www.otcmarkets.com/otcapi/company/financial-report/394161/content