EXPU doesn't own APWC NOW. It may in the future, but if so it will have to pay the owners of American Premium Water Company (a Georgia corporation) for their company - which is owned and managed by Joe Canouse and Alfie Culbreth.
And that payment will have to be in a convertible note and/or shares - likely a preferred class of shares.
Canouse and Alfie will take more shares or convertible notes - leading to MASSIVE dilution of EXPU shareholders - now or whenever the convertible notes are converted (and they are usually shorted against by the noteholders before conversion even if the note specifies that shouldn't short sell).
Look at Canouse's history. Check out the QASP/NHSH acquisition.
Note the address for NHSH:
Florida Profit Corporation NHS HEALTH SOLUTIONS, INC.
Principal Address
1111 Alderman Drive
Suite 210
Alpharetta, GA 30005
SAME ADDRESS as American Premium Water Corporation - a privately-held Georgia corporation which lists Joe Canouse and Alfie Culbreth as the officers
AMERICAN PREMIUM WATER CORPORATION Control Number: 12066762
Officers
Name Address Executing Officer File Number Actions
Canouse, Joseph C 1111 Alderman Drive Suite 210
Alpharetta, GA 30005 Is Executing Officer?: Yes
Executing Officer Type: CFO 12066762 View
Canouse, Joseph C 1111 Alderman Drive Suite 210
Alpharetta, GA 30005 Is Executing Officer?: Yes
Executing Officer Type: Secretary 12066762 View
Culbreth, A. 1111 Alderman Drive Suite 210
Alpharetta, GA 30005 Is Executing Officer?: Yes
Executing Officer Type: CEO 12066762 View
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