InvestorsHub Logo
Followers 2431
Posts 91154
Boards Moderated 8
Alias Born 09/12/2003

Re: samsamsamiam post# 14532

Thursday, 09/11/2014 11:28:25 PM

Thursday, September 11, 2014 11:28:25 PM

Post# of 34476
$285,000 lease program per pop plus interest that is even better. The purchase 100 trucks only occur during the second 10-Q which I list for you to see. The Asher notes is so small amount and that done convert already. They have much better financing now. List below they entered into promissory note with the investors and institutions with a 0% convertible note. THIS IS SO RARE & IT'S VIRTUALLY NOT EVEN HURT ON OCT MARKET.

In December 2013, the Company entered into a 0% convertible promissory note with JMJ Financial in the principal amount of $27,917, due February 11, 2015.



In April 2014, the Company entered into a 0% convertible promissory note with JMJ Financial in the principal amount of $27,917, due April 16, 2016.



In June 2014, the Company entered into two 0% convertible promissory notes with Beaufort Capital Partners, LLC, one with an original principal balance of $60,000 and one with an original principal balance of $52,500.



In June 2014, the Company entered into a 0% convertible promissory note with JMJ Financial in the principal amount of $27,917, due June 23, 2016.



On July 11, 2014, the Company entered into a convertible promissory note in the amount of $67,500 with Beaufort Capital Partners, LLC. The note bears interest at a rate of 0% per annum and matures on July 11, 2015.



All the transactions above occurred during second 10-Q, ON TOP OF THAT the insider OFFICER Handout the money for working capital with out any interest, they also waived their right to collect on the payable during year 2014.

The noncurrent note payable – related party is due to an officer with a balance of $274,170 at June 30, 2014 and December 31, 2013 is non-interest bearing and payable upon demand. The amount is included in long-term debt at June 30, 2014 and December 31, 2013 because no demand for payment is anticipated in the near term. The officer has waived his right to collect on the payable during 2014.


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.