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Alexulf

06/15/24 10:30 AM

#54883 RE: Alexulf #54880

Cayman Islands , Dollinger started NewCo (a shell cooperation) in exchange for 6.0 million common shares of NewCo.

PlantX has agreed to exchange a collection of PlantX assets including wholly owned subsidiaries Vegaste Technologies US Corp., Little West LLC, Plant Based Deli LLC, and PlantX Living Inc., and the Company's 53% interest in Portfolio Coffee, Inc. and 51% interest Eh Coffee Corp.

With cross-owning ( PlantX owning 60% of NewCo ) one uses a way to exchange assets (value) between the two companies, in order to reduce insight to the actual transactions controlled by Dollinger and the PlantX company.

A common way to be able to avoid paying taxes on the assets registred in the Cayman Islands - see full article on Yahoo; https://finance.yahoo.com/news/plantx-enters-...00531.html

I`m reducing my shares in the company, will sell all asap as the company are of interest to the regulatory authorities - the same/similar scandal appears to be investigated, as the Dollinger - Namaste insider crime 2019.

Do your own research always.