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Huggy Bear

11/16/15 11:29 AM

#146827 RE: otheridiot #146825

This BOD seems to be trying to figure that out, why people with documented notes are coming out hollering to get paid.
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pitboss22

11/16/15 2:30 PM

#146837 RE: otheridiot #146825

Well, there's $4 MILLION due the Series C Preferred shareholders. One can assume from the fact that the company knew about that and wasn't worried, the actual NEW DEBT they have just discovered is SUBSTANTIALLY MORE!

They didn't exactly "inherit" it though because there was no actual "reverse merger". They simply renamed the company and changed the ticker symbol. In effect, DSUS IS PVEC.

If a person changes his name and nickname, his debts do not simply vanish. If one could make debts go away via name change, there would be a lot more name changing going on and a lot fewer bankruptcies declared.