Replies to post #10153 on ingXabo Corp. (fka BCDH)

[bundleofsharess]

<<GRWW had millions in debt that doesn't seem to be reflected anywhere,>>

I've been saying this 4 years!! No one on this board will admit it...they are all dreaming this stinky pinkie will fly!!

[4u2nv2]

What debt??? They owed on the building and that was mentioned in the filing. I think they let the building go and actually realized a profit on it. So, if that is the debt you are talking about then it was taken care of. And I just went back and looked at 2010 end of year audited numbers. The building was the only thing listed. About 940,000. And it is gone.

[karbo]

There were stipulations when the company was taken over.... They talked about it and came in debt free from GRWW because the old owner set it up that way and thought he could pull a fast one by trying to dilute the last 8 or 900 million shares which in reality he had already sold once. I don't know how it all worked out but I know before Jeff left he told me that the debt fell back to previous owner and they had all the paperwork to either back it up or put him in jail.....

Aside from that the SEC is not going to let them file a form 10 that is false........

[4u2nv2]

First of all, my understanding is that your email was answered. You didn't like the answer you received and so you emailed the company maybe twice more. Correct? Why are you trying to make such a big deal out of something that has already been address in the filings.
Sweep the debt under the rug?
You just don't under reverse mergers and you are obviously follow Mr. Kidd. He must owe you money or you just got screwed by him.
See Page F-6 of the latest Form 10 filing - it states:

"A privately held California corporation formed on September 8, 2004 (“the Company”) entered into an agreement on December 31, 2010 with Greens Worldwide, Inc. whereby Greens Worldwide, Inc. acquired all of the outstanding common stock of the Company in exchange for 97% of Greens Worldwide, Inc. fully diluted common stock. As a result of the transaction, the Company took control of the combined company. Accordingly, the transaction has been accounted for as a reverse acquisition of Greens Worldwide, Inc. by the Company resulting in a recapitalization of the Company rather than as a business combination. The Company is deemed to be the purchaser and surviving company for accounting purposes. Accordingly, its assets and liabilities are included in the balance sheet at their historical book values and the results of the Company have been presented for the comparative prior periods."
The company survived and is now in the trading vehicle and as such Greens World Wide was pulled from the trading vehicle and is for all intesive purposes "done".