The "Balance Sheet" discussion is clearly not baloney or BS. They clearly did not own the building as of 3/31/2021. That's a fact, if the balance sheet is to be trusted (it has problems with it, so there are fair questions).
As I said, if they completed the deal, they should have released a statement saying that the deal was completed. On Edgar reporting stocks, that would be an 8-K. Here, on the Pink sheets, a PR would be enough.
So, it's not a distraction, these are fair questions when you consider the PR said they did this mid-March, but the quarterly report says that the 5 million preferred shares were not issued until March 31st.
The S-11, or the Q2 report will answer the question for sure. I do think it is likely that they acquired the building, but following this stock through the Web to Door fiasco makes those long-term posters ask for verification, and that hasn't happened on a financial statement yet, at least on the balance sheet. Coming later to the stock, like you have, means you don't have the Web to Door baggage, so your different conclusion is understandable.
The company is doing a better job of being transparent, though they aren't doing great, just better. They are Pink Limited Information for a reason. That reason may be easy to fix, but they haven't yet fixed it.
Good luck.
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