Replies to post #128265 on Supurva Healthcare Group Inc (SPRV)

[work-n-hard]

...and yet they bothered to add lines showing that shares were issued on Apr. 5th, 15th & 22nd.
This shows that they were still adding information. The building was bought by 1094 in 2018, so they were not waiting on the closing of THEM actually buying the building on the open market.
So, the "buying a house" comparison, is like comparing SPRV to AT&T.
SMH

https://en.wikipedia.org/wiki/Facepalm#/media/File:Paris_Tuileries_Garden_Facepalm_statue.jpg

[rawman]

We do know it could not have been before the 5 Million Shares were issued on March 31st.

This is complete nonsense on several levels!

1. What role did the 5,000,000 preferred Series A shares play in the transaction? Where are the transaction details???

On March 11, 2021, the Company completed its Agreement of Merger and Plan of Merger regarding the acquisition of 1094 Military Trail, LLC. The Company issued 10,000,000 shares of its common stock in exchange for 100% of the ownership shares of the acquired Company. The acquisition will be accounted for as a purchase and 1094 Military Trail, LLC. will be a 100% wholly owned subsidiary of the Company. The Company also issued 5,000,000 Series A preferred shares a part of the acquisition.

The above quote from the SPRV Annual Financial Report provides NO SUPPORT for the contention the 5 million shares were required to close the deal! The 100% ownership shares were purportedly acquired for 10 million SPRV common stock shares. PERIOD!

2. If the closing were to be delayed, it should have been covered in the Subsequent Events Section of the Q1 Financial Report. THERE WAS NEVER ANY MENTION OF THE CLOSING BEING DELAYED!

3. A real estate closing is like a prisoner exchange! The value is exchanged simultaneously! SPRV did not sign over 5,000,000 preferred shares ot 1094 Military Trail, LLC on the basis of getting the property deed the following week! During a closing, each party to the transaction delivers their respective value to the other party!

If SPRV delivered 5 million preferred shares, SPRV simultaneously received title to the building! THAT'S HOW CLOSINGS WORK!

WHERE IS THE BUILDING??? WHY IS IT NOT ON THE SPRV CONSOLIDATED BALANCE SHEET, AS WAS STATED IN THE Q1 FINANCIAL REPORT????

The consolidated financial statements include the accounts of Supurva Healthcare Group, Inc. and its subsidiary, 1094 Military Trail, LLC.

Per the above quote, if 1094 Militrary Trail actually owned the touted building, it was required to be shown on the Q1 Balance Sheet!