Metwood, Inc. (fka MTWD)

[Krysti]

Rainco wanted to stay out of the picture.
The problem for Rainco was that GEG is an LLC. Therefore, the deal between GEG and Metwood had to be concluded with the LLC Members.

The majority shareholder has always been GEG but the controlling company was the unknown. It was supposed to be Metwood from the information we found out about tiered subsidiaries. Why couldn't they still have said it was Metwood. They are the ultimate parent?

Filing of the Members' purchase agreement between Metwood and GEG was bound to show Rainco as a member of the GEG LLC.

Will Metwood continue with the deal
There's absolutely no valid reason why Metwood should continue with the purchase of GEG.
There's absolutely nothing in it for them, as it won't help them to get uplisted.

Why Metwood should cancel the deal
As things stand (and if Shawn is to be believed) Metwood have given effective control of their company to a company that they did not intend to do a deal.
Having discovered the mistake the obvious thing to do is to cancel the deal and cancel the preference share issue.

That could be the reason for delayed 8-K and 10-K filings.

Did Shawn believe the truth of his oral statements
Competent due diligence by management at Metwood would have shown which GEG they were dealing with. Therefore it is inconceivable that they did not know they were dealing with Rainco.

The only way that Shawn could have held an honest belief in what he told you (about GEG being a Scottish company) is if he was the victim of a fraud. And I do not believe he was.