Replies to post #27062 on Healthcare Solutions Mgmt. Group Inc. (HSMD)

[trakman]

To back up these claims check the Form 10Q for the period ending Dec. 31st 2012. Filed on Feb. 14th 2013 and signed and approved by Duane Spader. Extremely clean deal by prior management. No discounts given.

[Prudent Capitalist]

LOL! $450,000 worth of stock returned that represented just $72,000 in reinstated debt. That smells and the deal by the predecessor company (AQLV) speaks for itself.......or self dealing, etc. Surely if it had been a legitimate deal at market value, then Old Sawmill Partners, LLC et. al. would not have given back the shares and reinstated the $72,000 in debt.

As you have previously indicated you were a Director of AQLV until the end of last year. And, you are suggesting that was a legitimate deal, and that out of the goodness of their hearts, those folks were willing to give up $450,000 of stock in exchange for reinstatement of $72,000 in debt. Really?

I am sure lots of folks here are wondering how we can get in on the front end of a debt conversion deal like that.

By the way, just who is Old Sawmill Partners?

In December 2012, Verity Corp., formerly Aqualiv Technologies Inc., (the “Company”), entered into certain agreements with Sawmill Partners, LLC, a Washington state limited liability company (“Old Sawmill”), Amboy Equities, Inc., a New York corporation (“Amboy”), Fide Management, Inc., a New York corporation (“Fide”), and Virtu Consulting Services, Inc., a New York corporation (“Virtu”). Verity, Silverdale, Old Sawmill, Amboy, Fide, and Virtu shall be referred to as the “Debt Holders”. The agreements with the Debt Holders provided for the elimination of certain outstanding debt in exchange for the issuance on conversion of an aggregate of 900,000 post-split shares of common stock of the Company (the “Shares”). On July 23, 2012, the Company and the Debt Holders entered into an agreement pursuant to which the prior transactions were rescinded, the Shares were cancelled and debt in the aggregate principal amount of $72,000 was reinstated. The debt was reinstated to its original issuance date of February 5, 2009, bears interest at the rate of 6% per annum commencing August 1, 2013 and has a maturity date of January 15, 2014.

http://ih.advfn.com/p.php?pid=nmona&article=58556303