InvestorsHub Logo
Followers 68
Posts 9909
Boards Moderated 0
Alias Born 07/29/2007

Re: deal guy post# 22975

Wednesday, 04/16/2014 10:06:39 AM

Wednesday, April 16, 2014 10:06:39 AM

Post# of 68548
Another item mentioned that should have an 8-k for clarity?

NOTE-4 - NOTE RECEIVABLE

On December 17, 2013, the Company signed a receivable note with a KMBT, a manufacturer of machinery, in the aggregate amount of $285,000, at an interest rate of eight percent (8%) per annum. The drawdown notes can be prepaid upon five days notice and is payable nine months following its issuance. The amount receivable from KMBT at December 31, 2013, is shown net of the remaining unearned interest of $87,963 resulting in a balance of $197,037.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.