Service Team Inc (SVTE)

[finna_make_gains]

MCV Update from 10-k, Aug. 31st:

Service Team, Inc. has paid $40,000 in cash as of August 31, 2016 towards the acquisition of MCV Companies, Inc., which has not yet been completed. Therefore, as of August 31, 2016, the amount is included within other currents assets as the Company expects that the closing will occur within six months.

On August 23, 2016, the Company issued a promissory note to On Deck Capital for $243,750 of cash consideration.

PR stated the company would be paid with cash and stock. A/S is currently 1 billion while O/S is 281 million.

Company is cash flow positive from operations, so there wasnt a need to take out a loan of 243k.