Replies to post #8788 on Soupman Inc. (fka SOUPQ)

[spread19]

Well let them all know nickels would be a great base going into next week bring the crew

[retireat40]

Clearly, WC has had serious issues regarding Soupman's prior management team. They believe the company was being pilfered and should have never filed BK in the first place. Their contention is that the BK filing was done as a way to hide their transgressions:

Based upon further review of the public filings of Soupman, Inc. (the “Company”) and input received from individuals formerly associated with the Company, WealthColony Management Group, LLC, in its capacity as general partner of WealthColony SPV II, L.P., has additional concerns regarding the Company, including:

v) The use of the proceeds received by the Company from the $3,062,890 note offering, the $240,000 offering of Series B Preferred Stock and $709,800 received from the exercise of Series B Preferred Stock Warrants during the fiscal year ended August 31, 2016 and the $648,558 raised in a series of offerings in fiscal 2017 (the “Offerings”);

vi) The de minimis levels of cash and inventory reflected on the Company’s balance sheet despite the fact that the Company borrowed in excess of $3,711,448 within 10 months;

vii) The issuance of the Company’s capital stock to non-employees for compensatory purposes in recent years; and

viii) The role that convicted felon Sebastian Rametta has played in the Company’s management in recent years.