Replies to post #1699 on Underground Solutions Inc. (fka UGSI)

[Obamination]

Good find and report!

The sections I found of interest in the transaction are as follows:
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Section 3.04 Capitalization.

(a) The authorized capital stock of the Company consists of 2,000,000,000 shares of common stock, of which 622,080,895 shares are issued and outstanding and 900,000,000 shares of Series C preferred stock, of which 547,216,952 shares are issued and outstanding, each as of the close of business on the date of this Agreement.

Section 3.07 Undisclosed Liabilities. Except as set forth in Section 3.07 of the Disclosure Schedules, no Company Entity has any liabilities, obligations or commitments of any nature whatsoever, asserted or unasserted, known or unknown, absolute or contingent, accrued or unaccrued, matured or unmatured or otherwise which exceed $50,000 (in the aggregate among both Company Entities)
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It appears the (our?) surviving entity will be UGSI Solutions, Inc., at least for the time being.