Encanto Potash Corp V.EPO.H

RE:RE:Questions need answers!

[mdjbrown]

c8916, there there are certainly concerns especially related to previous dealings that transpired: 

"On February 17, 2022, the Company converted outstanding payables owed to Horgen Holdings Inc. against a promissory note of $10,276,550 payable on or after September 1, 2023 with monthly interest of 6% per annum. The Company recognized a loss of $34,644 at the time of debt conversion."


and I would have to imagine ESG Global Impact Corp. would like to see a return on their investment at some point.  

What is confusing is in Aug 2019, Encanto reported recieving a $7.5 million operating line of credit from National Bank, follwed by another $7.3 million for a stake in Encantos holdings in MRL in Sept 2020 and yet the last financials as at Nov 30, 2023 show cash as $32,706.

Did ESG's Series B shares take the same Sept 2023 1:5 consolidation hit as the common shares turning those 730,000 Series B shares into 146,000 Series B shares?

"On August 31, 2020, the Company concluded a sale agreement for the disposal of a 22.96% interest in the Muskowekwan First Nation property to ESG Global Impact Capital Inc. (‘’ESG’’). In consideration for the 22.96% property interest, ESG issued to the Company 730,000 Series B preferred shares (note 8)."