The Tirex Corporation (TXMC)

[dgt]

I've only glanced at the documents but GRSI is "foreclosing" on Tirex. They are claiming Tirex is not handing over documents to complete the audit and has not issued their shares of stock (sound familiar as does the date 11/22). The auditors are owned money, about 15,000 due on 11/22. The auditor has a list of outstanding information they need to complete the audit. That list is missing from the GRSI posting. They want the info by Dec. 13th so they can finish the audit by Jan. 24th.

I thought that before an audit could begin, Tirex had to issue shares to GRSI and GRSI had to put 10,000 in escrow with a third party which was GRSI's attorney. So why did the audit even proceed if Tirex didn't issue the shares?

In GRSI's filing with Delaware Dept. of State, they "shall hold an equity position" and are listing the patent as Tirex's collateral. This sounds like a hostile take-over.