PAO Group Inc (PAOG)

[Just1MoreUpTick]

So true, a massive quantity of shares to be dumped VERY SOON. Convertible at .00005 OUCH!!!

Proof enough is in the filings. The last quarterly shows all the debt due NOW that involves past company officials. They will be the beneficiaries of this current scheme.
And all these will dilute the crap out of this stock AGAIN.

www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=171950

NOTE 4 – SHORT-TERM DEBT
As of MARCH 31, 2017 the Company had long-term debt of $760,200 for notes payable to private lenders as well as previous consulting services rendered. These Notes have been classified as current since they are due at this time. The Company currently has $66,700 in six one year Convertible Promissory Notes to the Nuemark Group LLC. The Notes carry an interest rate of 8% and are convertible at the rate of $.00005 per share. The Company has $93,500 outstanding in three six month Promissory Notes with Brian Kistler. The notes carry interest at 15% and are currently due. Additionally the Company has consulting agreements with Mr. Kistler and his company, New Opportunity Business Solutions, Inc. for $600,000 dating from April 27, 2008. These agreements have been converted to Promissory Notes and bear interest at the rate of 15% per year. In July of this year the Company reclassified the liabilities to properly reflect the proper nature of the debt. Interest for the three months ended March 31, 2017 was $106,390. As of March 31, 2017 the company had long-term debt of $1,467,953 for notes payable and for past consulting services rendered. The Company entered into a financing agreement with CDN Associates LLC wherein $190,000.00 was provided under a one year Convertible Promissory Note carrying 16% interest annually

NOTE 5– ACCRUED SALARIES
As of March 31, 2017 and March 31, 2016 accrued salaries for corporate officers were $285,000 and $255,000 respectively. All salaries are due to the ex-Chairman Mark B. Newbauer.

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of interest CDN Associates LLC was set up a month prior to setting up Pao Group in Wyoming. The face behind that company is the same guy that had/has other notes with this company - Shaun Dietrich.


The old is very much part of this new company and will be the death of it.

Mark this post.