Replies to post #37382 on Embarr Downs, Inc. (EMBR)

[TRAPPER JIM]

Looks like the California Company is the surviving company from the two Embarr Downs that they had created. According to the Form 10 that they filed for the deal. The Nevada Corporation was spun off in a deal through Sovereign Oil, Inc according to the filings
FORM 10/A
Amendment #3

https://www.otcmarkets.com/filing/html?id=9620172&guid=BuDjUHFvU45rd3h

Located on the top of page 2 under subtitle History

History
Embarr Downs, Inc. (“we”, “us”, “our”, the "Company" or the "Registrant") was originally incorporated in the State of Florida on June 27, 1997 under the name of July Project III Corp. and changed our name to Globalgroup Investment Holdings, Inc. on October 18, 2000 and subsequently changed our name to Embarr Downs, Inc. on August 20, 2013. The Company was reincorporated in Nevada on March 12, 2012. The Company is domiciled in the state of Nevada, and its corporate headquarters are located in the Los Angeles area of California. On August 20, 2013, the Company entered into an Agreement whereby the Company acquired 100% of Embarr Downs of California, Inc, incorporated in the State of California on February 23, 2013, and all operations of Embarr Downs, Inc, along with all the prior assets and liabilities were spun off through Sovereign Oil, Inc.; thereby, affecting a reverse merger with Embarr Downs of California being the surviving Company. On August 20, 2013, the acquisition closed and under the terms of the Agreement Embarr Downs was the surviving entity. The Company selected August 31 as its fiscal year end.