I don't understand. The VDSC Financials submitted to the SEC do not show any debt related to Saenz Yachts. The officers swore to the SEC, (Ed Salmon, Peter Villiotis, and Al Ayers) that all debts had been disclosed.
Yet now we have e-mails, from Peter supposedly stating that there are.
From: Peter Villiotis <peterv2010@live.com>
To: 'Brian Xxxxxxxx' <xxxxxxxxx@msn.com>
Subject: RE: VDSC shareholder?
Date: Sun 9/15/13 10:57 AM
Hi Brian
The Saenz deal was good and the assets was valuable, Ed salmon was promised
to Saenz raise capital to paid the debt company had which unfortunately
didn't happen, the funds never arrive and the creditors when after the
assets.
The assets still available but serious capital need to be raised in order to
be free and make the fleet operate again and create revenue.
Best regards
Peter
Am I miss reading this? Or has Peter not been completely honest either to the stockholders, investors, or the SEC?