Branded Legacy Inc (BLEG)

[Leolinges]

From amended quarterly report Oct 7, 2014 (Thanks to RedLexus for DD)

The Company has an outstanding personal loan from stockholders as shown below:

March 31, 2014 $13,000
September 30, 2013 $6,200,824

All but $13,000 of the personal loan from stockholder was written off during the second quarter of 2014. After the change in control of Vencor lnternational, attempts were made at reviewing documentation supporting the loan balances that have been recorded over a period of several years. Since the Company's previous Chief Executive Officer and Chief Financial Officer were unable to provide adequate support for the loans, current management deiced that it was in the best interest of the Company to write off the balance of the loans along with the previously capitalized accrued interest.

http://www.otcmarkets.com/financialReportViewer?symbol=VCOR&id=127374





Highlights from CC (Thanks to Vaporman for DD)

6M$ debt paid off and $13k left on books.

Preferred restricted shares can never be converted as they are voting shares only.

Uplisting to QB in the works.

VCOR is its own entity so no merger with VGPR which is great news since their SS is bloated and we dont want them to mess our great SS up.

Large contracts in the works and revenue projections will be released in PR's.

Europe deal on track since we exceeded expectations. PR will be released in the comming weeks.