Boreal Water Collection Inc. (fka BRWC)

[robert90]

I see your 8k and raise you a 10q. :)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10694170

They pay each day a rough calculation of $2605 (add the three daily loan payments to get the number). Its still debt regardless but not toxic since it isn't the usual CD share variety.

On December 4, 2014, the Company entered into a Promissory Note with Quarter Spot, a Virginia based company. The Company, pursuant to the Agreement, sold future receipts, accounts, written contracts and other obligations to Quarter Spot. The sale price is $137,250. The company will make a total of approximately 257 daily loan payments of $673. SFS has a security interest in all accounts, chattel paper, equipment, general intangibles, instruments and inventory.

On February 18, 2015, the Company entered into a Promissory Note with Platinum Rapid Funding Group, a New York based company. The Company, pursuant to the Agreement, sold future receipts, accounts, written contracts and other obligations to Platinum Rapid Funding. The sale price is $100,000. The company will make a total of approximately 147 daily loan payments of $918. Platinum purchased a total of $135,000.00 in receipts. Platinum has a security interest in all accounts, chattel paper, equipment, general intangibles, instruments and inventory.

On February 23, 2015, the Company entered into a Promissory Note with World Global Financing, Inc., a Florida based company. The Company, pursuant to the Agreement, sold future receipts, accounts, written contracts and other obligations to World Global. The sale price is $130,000. The company will make a total of approximately 168 daily loan payments of $1,014. World Global purchased a total of $170,300 in receipts. World Global has a security interest in all accounts, chattel paper, equipment, general intangibles, instruments and inventory.