Replies to post #12141 on WO Group Inc. (fka PAPA)

[Maria56]

PAPA getting 52 mil in financing now LMAO !!!

Me, too. I would have loved to sit on the Liquor & Beer Licensing Board in October when Jimbo "explained this is a publically-traded company and no one holds more than 5% of the business stock. Mr. Wheeler further stated he has 100% control over the direction of the company."

How does THAT work? No one holds more than 5% and yet he is 100% in control?

"He stated he initially funded the public company"

Oh, really? Jim funded it, all by hisself, and yet NO ONE owns more than 5%. How did that happen?

"and is now in the process of closing on a $52.5 million common financing loan for the public company."

Okay, what's the bank? What's the private lender's name? Who can we call to confirm this "$52.5 million common financing loan"?

"Also, the landowner at this location (101 S. Main Street) established a $500,000 line of credit to open this establishment."

Uh-huh, does this half million line of credit appear on the PUBLIC company's latest Q?

"Mr. Wheeler stated this entity will be supported by the parent company as well."

What do you mean, "support"? What form will this support take?