Apple Rush Company Inc (APRU)

[hedge_fun]

My take is Lena Brewing is not, nor has……

never been a subsidiary of APRU.

The money may have been wired, but like any real estate transaction the money would be in escrow until a closing occurred, and then funds would be disbursed.

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.

https://www.otcmarkets.com/otcapi/company/financial-report/389467/content

You can’t transfer ownership until you file required paperwork TO transfer ownership. Even then, an approval is required.