It sure seems that way, It's confusing isn't it?
Follow me if you will:
Southridge provides equity financing (money in exchange for stock)
to Andalay for a period of a couple of years. We know this based on previous filings while Chan was CEO.
Yet, the business that Southridge buys the stock from (Andalay) -
doesn't report anything revenue,profit etc for over a year.
Another company headed up by the same guy the runs Southridge
lends money to Andalay for whatever reason (on top of Southridge fianancing).
But then has to sue Andalay to get repayment of money lent..
Andalay which has no cash...has to repay with stock...
How does this lawsuit settlement ultimate affect the Southridge
equity financing agreement? Is Southridge done with Andalay?
Clearly Tarpon will be once all the shares it was awarded are sold...
Why does Southridge (in any form) keep funneling money to Andalay?
Has it in fact stopped?
Why can't Andalay file anything in return?
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