Old and new debts from latest Ks and Qs
New management’s debts - $405,277
Old management’s remains - $30,000
All debts together - $435,277
To have the data for 3rd quarter of 2014 we will have to wait till min-November. To have an audited data we will have to wait till mid-April 2015
Canouse & Quirk paid off some old and new debts, but they have created more than twice as previous management.
Old management left Canouse & Quirk with 3 notes for $174,500.
$144,500 was converted and paid off …two notes for $30,000 together still remains.
We all know that FPFI produces absolutely nothing and their last revenue of $64 was almost 2 years ago. They are using investors’ money for theirs salaries and paying off debts, so please don’t think that they’re paying for anything – all from investors pockets!!!
NOTES AND CONVERTIBLE NOTES PAYABLE – left by old management
-/-On January 16, 2012 the Company executed a promissory note for $50,000
---$30,000 was converted by old management
---$20,000 remains
-/-On March 5, 2013 the Company executed a promissory note for $45,000
---$35,000 was converted by new management
---$10,000 remains
-/-On March 13, 2013 the Company executed three promissory notes for services provided totaling $109,500
---$109,500 was converted by new management
---$0.00
NOTES AND CONVERTIBLE NOTES PAYABLE – created by new management
-/-On September 11, 2013 the Company executed a promissory note for $15,000
---Due to the discount feature we have recorded a liability of $8,077, or put premium, as part of the carrying value of this note
---$23,077 remains
-/-On October 29, 2013 the Company executed a promissory note for $2,500
---$2,500 remains
-/-On December 12, 2013 the Company executed a promissory note for $53,000
---On June 25, 2014, $11,000 of the note was converted into 8,000,000 common shares
---$42,000 remains
-/-At December 31, 2013 the Company owed the former officer $44,000
---$11,000 remains
-/-On January 01, 2014 the Company executed a promissory note for $20,000
---$20,000 remains
-/-On January 23, 2014 the Company executed a promissory note for $6,000
---$6,000 remains
-/-In February 2014, one of these notes with a face value of $35,000 was sold to a third party
---The accrued interest on the note of $4,710 was added to the principal amount purchased
---$39,710 remains
-/-On February 04, 2014 the Company executed a promissory note for $53,000
---$53,000 remains
-/-On March 17, 2014 the Company executed a promissory note for $25,000
---On April 10. May 8 and June 23, 2014, a compbined $19,801 of the note was converted into 3,699,000, 4,280,000, & 5,288,000 of common shares respectively
---$5,199 remains
-/-On June 9, 2014 the company executed a promissory note for $30,000
---$30,000 remains
-/-On June 11, 2014 the Company executed a promissory note for $86,500
---$86,500 remains
-/-On June 11, 2014 the Company executed a promissory note for $86,291
---$86,291 remains
