you are absolutely correct...the entire relationship makes no financial sense
this may be old information...all I could find about emerald was its owner is Michael O'brien, a mortgage broker located in Huntington beach, ca who has access to 25 banks. Attempted to locate the company, Emerald Coast investments on the California secretary of state data base, but could not find any such entity there
with constant filings which appear sketchy at best, going pink current may be a real challenge and even if that was accomplished what then....little if any assets, no revenues, etc. to allow this entity to prosper and increase the equity value
my views and comments only of course
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