Hey Imcat, heard you had a good day in another play today, congrats, also congrats on your packers win, been a good week for you so far.
Thanks for reposting pretty much the entire 10k, I read it though, but appreciate it just the same.
I don't know how much you know about buying a shell company and moving business into it, but I know a lot (excuse my arrogance), when you purchase a shell, you would normally look to purchase a shell with some debt, this gives you the ability to issue shares which may be offered to a lendor in exchange for a loan to pay of some of that debt and enable working capital.
And yes, for all intents and purposes this is a new company, new management and all cashflows and debts inherited are from the former company and management.
There is nothing wrong here, I don't know what you are trying to find. This is normal business practice.
Best
Brit