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C'mon man. "there were situations" and "they talked about it". Really? They are a public company that requires written disclosure to all shareholders about financial matters. The last real 10k was filed in November 2006. $12 million in debt just doesn't legally disappear without a bankruptcy. All was quiet in the SEC filing world while Kidd worked his back room antics with Jeff. And isn't it interesting that the current attorneys produce a statement that safely goes back just a couple years, because that was all the data they had. Really?
And BTW, I'll bet the SEC is very aware...
Sorry I missed your earlier posts. Thanks for confirmation.
I'm a pretty simple person. A public company can't simply sweep all its debts under the carpet by changing a name and symbol without going through a bankruptcy and filing such with the SEC. While I'm not the best at due diligence, GRWW had millions in debt that doesn't seem to be reflected anywhere, and I don't see a bankruptcy filing. Is this typical pinkie stuff and I'm just naive - or is there a real explanation? The company doesn't answer my emails or phone calls - perhaps the folks on IHub understand it better.
Looks like Kidd may not have told the trustee about all his assets in his personal bankruptcy.
Maybe not a surprise, but Businessweek shows Kidd as CEO of Infinite Funding, Inc. Huh? Isn't that who he has been borrowing money from to keep DoMark afloat? And Kidd has been personally guaranteeing the notes?
Infinite Funding, Inc.
SnapshotPeople
COMPANY OVERVIEW
Infinite Funding, Inc. is based in Houston, Texas.
5005 Hidalgo Street
Suite 619
Houston, TX 77056
United States
KEY EXECUTIVES
Mr. R. Thomas Kidd
Chief Executive Officer
Age: 64
Compensation as of Fiscal Year 2011.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 9, 2011
DOMARK INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Nevada 333.136247 20-4647578
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
254 S Ronald Reagan Blvd, Ste 134, Longwood, FL 32750
(Address of Principal Executive Offices) (Zip Code)
1-877-732-5035
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
The Company entered into a series of Note Amendments and Agreements on December
9, 2011, as described in Item 2.03 below, which is incorporated by reference
into this Item.
ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
OFF-BALANCE SHEET ARRANGEMENT.
DIRECT OBLIGATION
On December 9, 2011, the Company amended an existing promissory note with
Infinite Funding, Inc. by extending the original due date of December 15, 2011
to April 15, 2012. The original note was dated September 28, 2011 with a
principal amount due of $40,000. The Company has agreed to pay an extension fee
of $10,000, thereby increasing the principal amount to $50,000 and extending the
due date to April 15, 2012.
On December 9, 2011, the Company executed a 2nd Amendment to Promissory Note
with Infinite Funding, Inc., extending the due date to April 15, 2012. The
original note was dated June 10, 2011 and was first amended on September 28,
2011. As a result of the second amendment, the Company has extended the due date
to April 15, 2012 and agreed to pay an extension fee of $20,000, thereby
increasing the amount of principal to $95,000.
On December 9, 2011, the Company executed a 3rd Amendment to Promissory Note
with Infinite Funding, Inc., extending the due date from December 15, 2011 to
April 15, 2012. The original note was dated March 3, 2011, first amended on June
9, 2011, and amended a second time on September 28, 2011. The Company has agreed
to pay an extension fee of $20,000, thereby increasing the principal balance due
to $105,000.
On December 9, 2011, the Company entered into a new Promissory Note with
Infinite Funding, Inc. for the principal sum of $100,000. The note is due on
April 15, 2012 and accrues interest at 3% per annum.
These Amendments and the Note are filed as an exhibit to this Form 8-K and
should be referred to in their entirety for complete information concerning the
Amendments and the Note.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
10.1 Amendment to Promissory Note
10.2 2nd Amendment to Promissory Note
10.3 3rd Amendment to Promissory Note
10.4 Promissory Note
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the date indicated.
DOMARK INTERNATIONAL, INC.
Date: December 14, 2011 By: /s/ R Thomas Kidd
------------------------------------
R Thomas Kidd
Chief Executive Officer
3
BCD obviously didn't bring forward the debts from Greens Worldwide. Horrendous SEC exposure just swept under the rug. And here is Kidd's buddy, the guy who kept GRWW afloat - http://www.forbes.com/sites/nathanvardi/2011/09/28/sec-accuses-corey-ribotsky-of-defrauding-investors-in-876-million-hedge-fund/
Rulings in court on Wednesday - Kidd does not get access to funds in NJ account, and the trial starts in March 2012 for combined cases of bankruptcy and securities fraudulent transfer.
Case Number 6:10-bk-15274-KSJ Chapter 7
11/09/2011 09:30 AM
COURTROOM B, 5th Floor
HONORABLE KAREN JENNEMANN
CASE NUMBER: FILING DATE:
6:10-bk-15274-KSJ 7 08/27/2010
Chapter 7
DEBTOR: Roy Kidd
DEBTOR ATTY: Eric Lanigan
TRUSTEE: Emerson Noble
HEARING:
1) Motion by Debtor to Compel Discovery (Doc #104)
2) Motion by YA Global to Compel Production (Doc #105)
3) Verified Motion to Compel Release of Assets in Excess of Unsecured Claims. Filed by Debtor (Doc #67)
Note: Cont'd from 11/2/11
Telephonic Appearance (1101):
Eric Lanigan: D'or
APPEARANCES::
Kevin Mangum - YA Global
Ken Hassouri - Def
John Meininger - T'ee
Eric Lanigan - D'or
RULING:
Tagged for Audio Access
1) Motion by Debtor to Compel Discovery (Doc #104) - DENIED pursuant to Order Granting Motion for Protective Order and
Granting in Part and Denying in Part Motion to Quash Subpoena and Notice of Continued Status Conference (Doc # 12 in
11-ap-2). Order by Mangum.
2) Motion by YA Global to Compel Production (Doc #105) - DENIED without prejudice. Order by Lanigan.
3) Emergency Verified Motion to Compel Release of Assets in Excess of Unsecured Claims (Doc # 67) - DENIED. Order by
Mangum.
4) Preliminary Non-Evidentiary Status Conference will be set AFTER 3/13/12 for all motions not heard at trial. TRIAL set for
11-ap-22 on 3/13/12 at 10:00am on consolidated motions (Order Consolidating Pleadings in Main Case with Adversary 11-ap-22
Interesting - the links and posts do a nice job of connecting Robert Kaapke, Scott Sieck, and Uselton with Kidd. Uselton and Kaapke were early stockholders and "pumped/dumped" Greens Worldwide, Kidd's previous scam. And of course, Sieck has been engaged with Kidd for several years in Domark, Armada, Sportsquest.
Anyone know who Infinite Funding is in DOMK recent 10Q - looks like they are paying salaries of the newly hired execs...
Effective March 3, 2011, we obtained an unsecured loan in the amount of $75,000
from Infinite Funding, Inc. ("IFI") as evidenced by a Promissory Note from the
Company to Infinite Funding, Inc. dated March 3, 2011 (the "IFI Note"). The loan
proceeds were disbursed as follows: $50,000 on March 7, 2011, and $25,000 on
March 21, 2011. The maturity date of the promissory note was July 1, 2011. On
June 9, 2011, the Company entered into an Amendment to the Promissory Note with
IFI that amended the IFI Note to extend the maturity date to October 15, 2011,
and increase the amount of the line to $85,000 to provide for the Company to pay
an amendment fee of $10,000.
The IFI Note provides for interest at the rate of 3.00% per annum, payable
together with the principal amount at the maturity date, and is personally
guaranteed by our Chief Executive Officer. Upon an event of default, interest
shall accrue upon the total sum outstanding, from time to time, at the rate
equal to 18% per annum on a basis of a 365-day year for the actual number of
days in which any indebtedness under this promissory note remains outstanding.
Effective June 10, 2011, we obtained an unsecured loan in the amount of $75,000
from Infinite Funding, Inc. ("IFI") as evidenced by a Promissory Note from the
Company to Infinite Funding, Inc. dated June 10, 2011 (the "IFI Note"). The loan
proceeds were disbursed as follows: $25,000 on June 10, 2011, $25,000 or July
10, 2011, and $25,000 on August 10, 2011. The maturity date of the promissory
note is was October 15, 2011.
The IFI Note provides for interest at the rate of 3.00% per annum, payable
together with the principal amount at the maturity date, and is personally
guaranteed by our Chief Executive Officer. Upon an event of default, interest
shall accrue upon the total sum outstanding, from time to time, at the rate
equal to 18% per annum on a basis of a 365-day year for the actual number of
days in which any indebtedness under this promissory note remains outstanding.
11/2/11 Kidd bankruptcy case proceeding. Kidd DENIED apparent deal with trustee.
Case Number 6:10-bk-15274-KSJ Chapter 7
11/02/2011 10:15 AM
COURTROOM B, 5th Floor
HONORABLE KAREN JENNEMANN
CASE NUMBER: FILING DATE:
6:10-bk-15274-KSJ 7 08/27/2010
Chapter 7
DEBTOR: Roy Kidd
DEBTOR ATTY: Eric Lanigan
TRUSTEE: Emerson Noble
HEARING:
MATTERS TAKEN UNDER ADVISEMENT
1) Motion by Trustee for Approval of Compromise of Controversy (Doc #103)
Objection by YA Global to Trustee's Motion For Approval and Notice of Compromise of Controversy (Doc
#112)
*2) Motion by Debtor to Compel Discovery (Doc #104)
*3) Motion by YA Global to Compel Production (Doc #105)
Note: Related Case: 76-11511-(7), Eastern District of California
Con't from 10/24/11
Consolidated with Adversary 11-ap-22
Telephonic Appearance (1005):
Nikolas Komyati: YA Global
APPEARANCES::
Eric Lanigan: D'or
Roy Thomas Kidd: D'or,
Ken Hassouri: D'or
John Meininger: Tee,
Kevin E Mangum: YA Global
RULING:
Tagged for Audio Access
[color=red]1) Motion by Trustee for Approval of Compromise of Controversy (Doc #103). DENIED. FOFCOL pursuant to 7052. Order by
Court.[/color]
2) Motion by Debtor to Compel Discovery (Doc #104) - PTC Cont'd to 11/9/11 at 9:30am. AOCNFNG
UNITED STATES BANKRUPTCY CO U RT
MIDDLE DISTRICT OF FLOR I DA
That's OK. Kidd is still using DOMK to borrow money!
And of course, you have to look under DOMKe for the filings since they are not current with SEC.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 3, 2011 DOMARK INTERNATIONAL, INC. (Exact name of registrant as specified in charter) Nevada 333-136247 20-4647578 (State of incorporation) (Commission (IRS Employer File Number) Identification No.) 254 S. Ronald Reagan Blvd, Suite 134 Longwood, Florida 32750 (Address of principal executive offices / Zip Code) (877) 700-7369 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On September 28, 2011, DoMark International, Inc. ("DoMark" or the "Company") entered into certain definitive agreements with R. Thomas Kidd, Chief Executive Officer of the Company, and Infinite Funding, Inc. ("IFI") relating to two promissory notes issued by IFI to the Company as more fully described below. SEPTEMBER 2011 NOTE On September 28, 2011, DoMark entered into a Promissory Note among DoMark, as borrower, R. Thomas Kidd, the Company's Chief Executive Officer, as guarantor, and IFI, as lender (the "September 2011 Note"). The September 2011 Note is for the principal amount of $40,000 and bears interest at a rate of 3% per annum. Payment in full is due on December 15, 2011. The September 2011 Note provides for customary events of default which, if any of them occurs, require the unpaid principal of, and accrued interest on the September 2011 Note to be immediately due and payable plus interest at a rate of 18% per annum. Acopy of the September 2011 Note is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the material terms of the September 2011 Note does not purport to be complete and is qualified in its entirety by reference to such exhibit. MARCH NOTE AS AMENDED On September 28, 2011, DoMark entered into a second Amendment to the March 2011 Promissory Note among DoMark, as borrower, R. Thomas Kidd, the Company's Chief Executive Officer, as guarantor, and IFI, as lender (the "Amendment to June 2011 Note"). The Amendment to the March and June 2011 Note amends certain terms and conditions of the original underlying promissory note among the parties dated March, 2011. The March 2011 Note is for the principal amount of $75,000 and bears interest at a rate of 3% per annum. In June of 2011, The Company amended the March 2011 by extending the due date to October 15, 2011, increasing the amount of the note by $75,000 and agreeing to pay an extension fee of $10,000. Payment in full under the terms of the original March 2011 Note is due on October 15, 2011. The subsequent second Amendment to the March 2011 note among the parties extends the maturity date to December 15, 2011. All other terms of the original March 2011 Note remain in full force and effect. A copy of the second amendment to the March 2011 Note is attached as Exhibit 10.2. The foregoing description of the material terms of the September 28, 2011 second amendment does not purport to be complete and is qualified in its entirety by reference to such exhibit. 2
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit Number Description ------ ----------- 10.1 Promissory Note, dated September 28, 2011, among DoMark International, Inc., R. Thomas Kidd and Infinite Funding, Inc. 10.2 Second Amendment to March 2011 Promissory Note, dated September 28, 2011 among DoMark International, Inc., R. Thomas Kidd and Infinite Funding, Inc., amending original note dated March 3, 2011. 3
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 3, 2011 DoMark International, Inc. By: /s/ R. Thomas Kidd --------------------------------------- R. Thomas Kidd, Chief Executive Officer 4
EXHIBIT INDEX Exhibit Number Description ------ ----------- 10.1 Promissory Note, dated September 28, 2011, among DoMark International, Inc., R. Thomas Kidd and Infinite Funding, Inc. 10.2 Second Amendment to March 2011 Promissory Note, dated September 28, 2011 among DoMark International, Inc., R. Thomas Kidd and Infinite Funding, Inc., amending original note dated March 3, 2011
Read more: http://www.faqs.org/sec-filings/111003/Domark-International-Inc_8-K/#ixzz1aXLzUKRa
I believe YA Global is suing Kidd. When they sued, he filed personal bankruptcy. So that's another legal proceeding in the soap opera.
Trump still in Video Gallery as "implied" endorser and sponsor.
Mr. Kidd paid cash/stock to use Trump's name on events. Kidd was responsible for raising the $10.1 Million - not Trump - for purses and convinced Trump he had it - one of the biggest cons ever and pump/dump share price to prove it. Will be interesting to see what Trump says when he finds out Kidd using his name again!
Looks like around $4 Million plus a lot of warrants
Wish I could see a document that indicated Kidd's sale of the shell to Jeff. He's in a personal bankruptcy scene right now where the trustee has sued him for securities fraud. Why wouldn't Jeff just file an 8K showing the purchase of the GRWW shell?
Thanks for the info.
I doubt that Kidd simply gave Jeff the company for nothing. We know that's not true! Where is the filing that indicates how the transfer occurred and at what price? And who owns the freaking stock of this company?
Is R. Thomas Kidd still involved with this? Who owns the issued shares?