Metwood, Inc. (fka MTWD)

[Krysti]

Rainco did the same thing with REVO, Bgallatin.
They 'sold' a newly created spin-off company, in return for preference shares. Holders of the preference shares were granted covenants which gives them effective control of the so-called 'buyer' and its Board.

The issue of Metwood preference shares shows that Rainco is repeating the scheme used with Rainco.

By holding the preference shares Rainco has completed what is, in effect, a reverse take-over of Metwood.