Manasota Group Inc. (fka HZNB)

[db7]

10k filed, i'm wondering how they're going to handle 'this'...

convert to shares while shares are cheap before the sale of the property goes through OR pay themselves out of sale of property




ITEM 13. Certain Relationships and Related Transactions, and Director Independence

Related Party Transactions

As of December 31, 2012, certain current and former directors were owed $40,000. These Advances do not yield interest and are payable on demand. The obligees and the amounts owed to them as of December 31, 2012, as Advances are as follows:

Name





Amount


Charles S. Conoley



$

5,000.00


Estate of C. Donald Miller, Jr.





5,000.00


Michael Shannon Glasgow





5,000.00


Barclay Kirkland, DDS





5,000.00


David K. Scherer





5,000.00


Elizabeth Thomason, DMD





5,000.00


Mary Ann P. Turner





5,000.00


Clarence R. Urban





5,000.00


Total



$

40,000.00