If more payments are to be made to unsecured creditors, will documentation be provided? Similar to Park Avenue getting a letter for payment to be made.
In the last screengrab, Unsecured Creditors / Richard Eno is owed $2K. Wonder what for.
“Why did Mica Arlette and PWC make a settlement agreement with an unsecured creditor to pay $2000 to Park Avenue Of Wayzata INC... “
You would have to ask PwC. I would suspect that any assets at that location were worth more than $2000 and the didn’t want Wayzata attaching a lien to them.
The reference to creditors and stock is because PwC is saying there is absolutely no value in the stock. Therefore, issuing creditors with common stock in lieu of cash for the amounts owed to them is not an option.
This is further proof the common stock is worthless, and will be cancelled.
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