Newport Beach, CA, March 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”) announces that it has sold its real estate assets and its interest in the Caravel Group to Square Chain Corp. (OTC Pink Stock Symbol “SQCC”) for stock in Square Chain Corporation (“SQCC”), a significant portion of which will be issued to M Line shareholders as a dividend.
Tony Anish, CEO of M Line, commented: “These acquisitions bring immediate revenues to SQCC and start the growth of the Company. They also bring strong assets to the Balance Sheet. SQCC’s parent Company is M Line Holdings, Inc. who will keep a controlling interest even after distributing some of its SQCC shares as a dividend to M Line’s shareholders, subject to regulatory approval. These actions will have a very positive impact on SQCC as it will increase the number of shareholders of SQCC and generate more interest in SQCC.
However, this is specifically stated in SQCC’s own filings...
Essentially, Jeffrey J. Parker still retains voting control over SQCC since he was the only officer at the company when the above mentioned issuance occurred.
Anish is a LIAR and a puppet hired to pump SQCC. IMO