GreenGro Technologies Inc (GRNH): This should be in the 3s by end of day....

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	0
Posts	504
Boards Moderated	0
Alias Born	12/02/2016

BaBa44

Re: NorfolkIP post# 44807

Tuesday, 08/22/2017 11:06:28 AM

Tuesday, August 22, 2017 11:06:28 AM

This should be in the 3s by end of day. What a scam.

NOTE 12- RELATED PARTY TRANSACTIONS
Note Receivable to Related Party
In the six months ended June 30, 2017, two private companies wholly owned by the Company’s CEO Mr. Hass received approximately $727,295 in advances. On June 30, 2017, the Company executed separate promissory note agreements with each private company. The first promissory note is in the amount of $157,000 with 3% interest per annum and due December 31, 2017. The second promissory note is in the amount of $600,000 with 3% interest per annum and due December 31, 2017. As the executed promissory note agreements were executed and approved by the board of directors, past advances to the CEO Mr. Haas relating to these promissory notes will be reclassified from officer compensation to notes receivable to related party. As of June 30, 2017, the two notes receivable total $727,295.