Gen 2 Technologies Inc (MNIZ)

[Sumdude]

yep heres your 370k.. they just bought these patents in a trade for convertible notes 1.6 million so that's also hanging. need to check what the os is.

I got confused. the whole 10k talks about some dumb mini blind thing and then at the end it states the transaction for the camera patent thing. I find it unlikely they would have been able to develop a product that quickly much less have it be in the hands of the NHL already. something doesn't add up. 10k shows their broke so I don't see where they have money to create and or develop such a product. its clear from this below and what you show that all the money from convertible debt seems to be going to a pr outfit. the numbers almost match exactly.

Liquidity and Capital Resources

Since inception, the Company's most significant change in liquidity or capital resources or stockholders' equity has been receipts of proceeds from offerings of its capital stock and debt. The Company's balance sheet as of April 30, 2016 reflects the issuance of convertible debt of $122,589 and other debt issued of $131,440 which is not convertible. The convertible debt outstanding of $75,089 is convertible into 15,017,800 shares at $0.005 per share and $10,000 into 200,000 shares at $0.05 per share. The debt is payable on demand and does not bear interest. The Convertible debt outstanding of $37,500 is convertible into 187,500 shares at $0.20 per share and bears interest of 8% per annum.