Saturday, July 14, 2018 6:07:18 AM
That blending facility must have oil UNDERNEATH it, too. In addition to the new notes:
Secured notes payable consists of the following at periods ended....
As of March 31, 2018
"Secured Demand Promissory Note - $77,930 in February 16, 2018 bearing interest of 4% per annum, payable on demand and secured by the blending site property located at 1776 Allanport, Road, Thorold, Ontario CA."
https://www.sec.gov/Archives/edgar/data/1381105/000149315218009432/form10q.htm
Edit: HELP!
I'm ASSuming that the 3 $25,000 entries on the Table (Schedule 1) are loans that COULD be made at the date indicated, since the existing $75K debt was made on an On Demand basis and hence there was no repayment schedule. Is it clear to you what those 3 $25K items and the dates on the Schedule represent?
https://www.sec.gov/Archives/edgar/data/1381105/000149315218009942/ex10-1.htm
Is the Schedule a little like a coloring book for Mr. Brain? I don't get it.
But can it core A apple?
Yes Ralph, of course it can core A apple.
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