Southridge Enterprises Inc (SRGE)

[grego68]

Here's the thing about BGL's "interest"in Cinco Minas. BGL and MSJ entered into a JV together which BGL was to be compensated by getting 60% ownership of MSJ which included Cinco Minas. MSJ claimed default by BGL and terminated the JV. With the JV being terminated, BGL never received the 60% ownership of MSJ nor did it receive Cinco Minas. That's why BGL placed a lien against the titles owned by MSJ but Cinco Minas had already been sold to SRGE so the lien is on the old titles and not the titles owned by SRGE. Therefor, BGL actually has no legal claim to Cinco Minas.

If they actually had a legal claim to Cinco, the MMR could not allow transfer of the titles to SRGE, or if there was an actual legal battle for ownership, they could not transfer title to SRGE either.

The MMR confirms SRGE as having the current titles, therefore BGL can not have any legal claim to Cinco