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wilma6311

10/04/15 1:45 PM

#38073 RE: Jacapo #38072

There was no money exchanged from what I can gather. Ali said the majority shareholder purchased 3.2mil in debt and then converted that debt to shares. The debt belonged to Rainco and various trusts that I am sure are relatives of Ali. Metwood did not give anyone money or buy any debt but they were the recipient of the shares in exchange for shares of their company.

The 3.2mil in debt was debt owned by Ali and Guest. I believe it was also debt that was part of the Whitesburg Mine purchase. Ali is a sly one. He gets himself in trouble by thinking he can do anything and get away with it.