PAO Group Inc (PAOG)

[wrenchman]

MUST READ THIS POST! GAME CHANGER PROVES HOW FORWARD LOOKING THE $PAOG MANAGEMENT TEAM IS!

They are on the PATH to building a NATIONAL FRANCHISE and nothing will stop them!

LCLiving Member Level Sunday, 07/23/17 04:49:28 PM
Re: wrenchman post# 105670
Post # of 105674

$PAOG MUST READ!!! Q2 Financials and pay extra attention to Note #4, as all convertible debt has been changed to Promissory Notes which adds tremendous value to the stock and shareholders moving forward!

http://www.otcmarkets.com/financialReportViewer?symbol=PAOG&id=176185

NOTE 4 – LONG-TERM DEBT
As of June 30, 2017 the Company had long-term debt of $1,004,693 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 six months ended June 30, 2017 was $54,680. The Company entered into a financing agreement with CDN Associates LLC wherein $290,000.00 was provided under a one year Convertible Promissory Note carrying 16% interest annually.