Cartel Blue Inc (CRTL)

[PennyStockTrader2]

Well I wouldnt be surprised about that.


The disclosure statement mentions the following:

As of October 31, 2016, the Company has loans from the president of the Company in the amount $190,317 with interest at 8% per annum and due in 24 months from the date of the notes. Notes will mature from February 2017 to June 2018. Interest accrued on the loans payable was $20,165 as of October 31, 2016.

The above related party also provided working capital of $16,092 as of October 31, 2016


So clearly the CEO is putting his own money into the company but there is a limit that a non independently wealthy person can do, including reaching out to friends and family which we know has been done.

We'll just have to see what they have to say next week.