Replies to post #5511 on Mainland Resources, Inc.(fka MNLU)

[admfsf]

Right... No name or no note attached as an exhibit still. That's material information.

[dayneyus]

Sounds like they are cleaning up the secured default to present a clean slate to the prospective Partner to me.

[admfsf]

So there is $1,058,919 in secured debt?

'Someone' should update the MNLU profile since it clearly states, "The company has about $4 million dollars in total debt, that is unsecured!!!! (only exception is a few liens from recent court judgements on recent past due bills)." THIS IS ABSOLUTELY INCORRECT.

The most recent MNLU pr says they used PARTIAL proceeds to repay the 'secured creditor' so there's still a significant amount owing to this 'mystery lender' who still has on demand privilege over ALL THE ASSETS.