Puration Inc (PURA)

[PRmaniac]

USMJ still in default on toxic notes.

At least one ($480,700) was from 2011, 8% interest. They still owe $471,153 in principal on this defaulted note. This does not include interest. It is unclear if the default interest rate is in the 25% range or higher. No wonder they only disclose the principal (not interest) owed. For unaudited financials, they can fleece investors by not including info on how the interest has ballooned, and if the default interest rate is a lot higher than 8%.
plus
from latest financials

NOTE 7 – ADVANCES PAYABLES – PRIOR RELATED PARTIES
In conjunction with the Share Exchange Agreement the Company entered into on July28, 2015 with Puration, Inc. (PURA) certain Debt/Forebearance obligations in the amount of ($525,849) has been assumed by Puration, Inc. (PURA).