Coastal Capital Acquisition Corp (CCAJ)

[jbsliverer]

Yes, the "alternative method" of reporting. The reality is that statistically and in all probability, they will never become SEC reporting again. But it did give some insight in some of their operations and at first appearance seem to be actually stating some truths, but like you stated, it's bad news and basically the otc public registration boiled down to a financial desperation for the company and owner.

The taxes owed, mortgage default, finance debt, etc is creating nothing positive for the normal shareholder and what the ticker has to do in order to save all the financial disparities.

Nothing but toxic debt for the future so common in the public shell games. The company itself is not on any financial stability and is reduced to mortgage restructuring processes and pink toxic debt financing. Even the rent is becoming a shell debt and very well could be turned into future conversions for future selling of the shell and yet another "new company" (after the maxed out share structure gets dealt with). The LLC given in the financial statement is the CEO and the "rents owed" are to him and suppose even if the bank takes the property back (Florida being one of the top states of underwater property owners with many years before even again) or the city or county code enforcement comes down hard, the debt could still be there in form of shares;

"The Company rents its main manufacturing facility and corporate offices from a Limited Liability Company, (“LLC”) owned by an officer and director of the Company. The mortgage is secured by the facilities, as well as, personal property of Earth Surfaces and a personal guaranty of the owner. Under the terms of the rental agreement the Company will pay all mortgage payments, real estate taxes, and any related sales tax as rental."