If AJW (NIR) and YA Global Opportunities (Cornell) have already received all of the shares they were due, why are they still listed as creditors on the Utah UCC page for Michelex? Are they owed additional shares or capital? If they have already received everything they are due, why wouldn't Michelex make sure that they are no longer listed as creditors? I would think institutional investors would want to make sure that AJW/NIR and YA Global/Cornell were not creditors before investing in the 'new' Michelex/Pristine.
Saleem/Kakani need to address this issue. What contractual obligations does Michelex have with AJW (NIR), YA Global Opportunities (Cornell), Utica Leaseco, Llc and Cynthia Cassell?
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