ROFLMAO_CAH_is_in_the_hole_a_Min_of_$650k_Of_course_it_involves_Amfil as part of the alleged acquisition of some assets from Gaming Cafe, LLC
Yes, CAH is legally responsible for paying back the PPP loan in FULL because they failed to put empoyees back to work by the deadline.
Think CAH is gonna just eat the $650k debt for a claimed successful gaming restauraunt?
Obviously, it was part of the asking price for said assets.
So, what are the specific details. How much was the restaurant and the equipments etc? A million dollars? Or were common shares involved? So lets say CAH sold for $650k - that would be 32,500,000 common shares at 0.02 per share.
Lets say CAH sold assets for $1,000,000. That's 50 million common shares at 0.02 per share.
What are the contingencies of the purchase agreement?