Pelorus Fund REIT Files Complaint to Place StateHouse Holdings into Receivership
Pelorus Fund REIT, , a significant debt owner of StateHouse Holdings Inc. (CSE: STHZ) (OTCQB: STHZF), has filed a complaint in the Superior Court of California requesting the immediate appointment of a Receivership over StateHouse. This action follows StateHouse's default on four existing loans. Pelorus aims to have a court-appointed Receiver assume control of all StateHouse assets and operations.
Dan Leimel Jr., CEO of Pelorus, stated that this action is intended to protect StateHouse's employees, customers, business partners, and vendors, allowing the business to continue operating across its production and distribution footprint. Pelorus believes that a Receivership will better position StateHouse to produce and deliver high-quality products more effectively. The company is requesting the Court to act swiftly in appointing a receiver to guide StateHouse towards a more efficient and appropriate structure.
Il Pelorus Fund REIT, un importante detentore di debito di StateHouse Holdings Inc. (CSE: STHZ) (OTCQB: STHZF), ha presentato una denuncia presso la Corte Superiore della California richiedendo l'immediata nomina di un curatore per StateHouse. Questa azione segue il default di StateHouse su quattro prestiti esistenti. Pelorus mira a far sì che un curatore nominato dal tribunale assuma il controllo di tutti gli asset e le operazioni di StateHouse.
Dan Leimel Jr., CEO di Pelorus, ha dichiarato che questa azione è volta a proteggere i dipendenti, i clienti, i partner commerciali e i fornitori di StateHouse, consentendo all'azienda di continuare a operare nel suo ambito di produzione e distribuzione. Pelorus è convinto che un Receivership posizionerà meglio StateHouse per produrre e consegnare prodotti di alta qualità in modo più efficace. L'azienda chiede alla Corte di agire rapidamente nella nomina di un curatore per guidare StateHouse verso una struttura più efficiente e appropriata.
El Pelorus Fund REIT, un importante propietario de deudas de StateHouse Holdings Inc. (CSE: STHZ) (OTCQB: STHZF), ha presentado una denuncia en la Corte Superior de California solicitando la inmediata designación de un administrador judicial sobre StateHouse. Esta acción sigue al incumplimiento de StateHouse de cuatro préstamos existentes. Pelorus pretende que un administrador designado por el tribunal asuma el control de todos los activos y operaciones de StateHouse.
Dan Leimel Jr., CEO de Pelorus, declaró que esta acción está destinada a proteger a los empleados, clientes, socios comerciales y proveedores de StateHouse, permitiendo que la empresa continúe operando en su ámbito de producción y distribución. Pelorus cree que un Receivership posicionará mejor a StateHouse para producir y entregar productos de alta calidad de manera más efectiva. La empresa está solicitando al tribunal que actúe con rapidez en la designación de un administrador para guiar a StateHouse hacia una estructura más eficiente y adecuada.
불리기한 Pelorus Fund REIT는 StateHouse Holdings Inc. (CSE: STHZ) (OTCQB: STHZF)의 주요 채권자로서, 주로 주지사의 지정을 즉각적으로 요청하는 소송을 캘리포니아 고등법원에 제기했습니다. 이 조치는 StateHouse가 네 개의 기존 대출에 대해 디폴트를 한 뒤에 이루어졌습니다. Pelorus는 법원이 임명한 관리자가 StateHouse의 모든 자산 및 운영을 통제하기를 원합니다.
Pelorus의 CEO인 Dan Leimel Jr.는 이 조치가 StateHouse의 직원, 고객, 비즈니스 파트너 및 공급업체를 보호하기 위한 것이라고 밝혔으며, 이를 통해 기업이 생산 및 유통 영역에서 계속 운영될 수 있도록 하고자 합니다. Pelorus는 Receivership가 StateHouse가 보다 효율적으로 고품질 제품을 생산하고 제공할 수 있도록 더 나은 방향으로 나아가게 할 것이라고 믿고 있습니다. 이 회사는 법원이 StateHouse를 보다 효율적이고 적절한 구조로 안내하기 위해 신속하게 관리자를 임명하도록 요청하고 있습니다.
Le Pelorus Fund REIT, un créancier important de StateHouse Holdings Inc. (CSE: STHZ) (OTCQB: STHZF), a déposé une plainte auprès de la Cour supérieure de Californie demandant la nomination immédiate d'un administrateur judiciaire pour StateHouse. Cette action fait suite au défaut de paiement de StateHouse sur quatre prêts existants. Pelorus vise à ce qu'un administrateur nommé par la cour prenne le contrôle de tous les actifs et opérations de StateHouse.
Dan Leimel Jr., PDG de Pelorus, a déclaré que cette action vise à protéger les employés, clients, partenaires commerciaux et fournisseurs de StateHouse, permettant à l'entreprise de continuer à opérer dans son secteur de production et de distribution. Pelorus estime qu'un Receivership permettra à StateHouse de produire et de livrer des produits de haute qualité de manière plus efficace. L'entreprise demande à la cour d'agir rapidement pour nommer un administrateur afin de guider StateHouse vers une structure plus efficace et appropriée.
Der Pelorus Fund REIT, ein bedeutender Gläubiger von StateHouse Holdings Inc. (CSE: STHZ) (OTCQB: STHZF), hat beim Obersten Gerichtshof von Kalifornien eine Klage eingereicht, in der die sofortige Ernennung eines Verwalters für StateHouse beantragt wird. Diese Maßnahme folgt auf den Zahlungsausfall von StateHouse bezüglich vier bestehender Kredite. Pelorus zielt darauf ab, dass ein gerichtlich bestellter Verwalter die Kontrolle über alle Vermögenswerte und Geschäfte von StateHouse übernimmt.
Dan Leimel Jr., CEO von Pelorus, erklärte, dass diese Maßnahme dazu dient, die Mitarbeiter, Kunden, Geschäftspartner und Lieferanten von StateHouse zu schützen und es dem Unternehmen zu ermöglichen, innerhalb seiner Produktions- und Vertriebsstruktur weiterhin tätig zu sein. Pelorus ist der Ansicht, dass ein Verwalter StateHouse besser in die Lage versetzen wird, qualitativ hochwertige Produkte effektiver zu produzieren und zu liefern. Das Unternehmen bittet das Gericht, schnell zu handeln und einen Verwalter zu ernennen, um StateHouse auf eine effizientere und angemessenere Struktur zuzuführen.
- Potential for improved operational efficiency under Receivership
- Aim to protect key stakeholders including employees and customers
- Intention to continue business operations across production and distribution
- StateHouse has defaulted on four existing loans
- Loss of control over assets and operations for StateHouse management
- Indication of significant financial distress for StateHouse
This action follows the Company's default on four existing loans and seeks the immediate appointment of a Receivership to assume control of all StateHouse assets and operations. Pelorus is in active communication with StateHouse management and expects that they will support the appointment of a receiver.
"As the largest lender to StateHouse, we recognize the inherent value in the Company's operations, employees and assets," said Dan Leimel Jr., Chief Executive Officer of Pelorus. "We believe that a court-appointed Receivership will better position StateHouse to more effectively produce and deliver high-quality product for the benefit of its key constituents. Importantly, this action is intended to protect StateHouse employees, customers, business partners and vendors, enabling the business to continue to operate across its production and distribution footprint. With those goals in mind, we are respectfully requesting the Court to move quickly in appointing a receiver so that StateHouse can be directed towards a cleaner, more efficient and appropriate structure moving forward."
About Pelorus Capital Group and Pelorus Fund REIT, LLC
Pelorus Capital Group offers a range of innovative transactional solutions addressing the diverse needs of real estate investors and portfolio managers. Our flexible acquisition and bridge lending programs are the direct result of our involvement in more than 4,700 transactions of varying size and complexity. Since 1991, our principals have participated in more than
Contact Information
ASC Advisors
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tingraham@ascadvisors.com / eamory@ascadvisors.com
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SOURCE Pelorus Fund REIT, LLC.
FAQ
Why is Pelorus Fund REIT filing for Receivership of StateHouse Holdings (STHZF)?
What will happen to StateHouse Holdings (STHZF) operations under Receivership?
How will the Receivership affect StateHouse Holdings (STHZF) employees and customers?
What is Pelorus Fund REIT's role in StateHouse Holdings (STHZF)?
