also shows Asif is a conman. Since 5 Million SBA finances this is the worst this stock has performed. 3.9mill was supposed to go towards paying off toxic loans yet where are the filings showing zero ownership.
Interesting wording below "On January 7, 2016, Green Parts International, Inc. completed a $5,000,000 refinance package at Prime plus 2.75%. The package reduced the company’s debt (principle and interest) expense by approximately 75%. The loan proceeds also resolved all pending creditor litigations and various short-term loan obligations were paid.
$3,971,892.30 was used to refinance current debt, along with adding additional collateral for the new lender.
Yet no amended filings showing zero ownership so my money says most of the money went towards the lawyers and new lender..
I also find it interesting that we still do not know the exact number that went towards the notes. A couple of statements here are misleading; How much was used to resolve creditor litigation and how much was used as collateral?
The answer to those two questions will explain the current situation
How much of it went g that he did not list the exact amounts of notes that were paid.
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