From the latest 10Q, p 17
NOTE 11 – PROMISSORY NOTE FROM PARENT
On March 14, 2018, MAAB Global Limited, the parent of Astro, issued a Promissory Note for monetary advances to the Company of up to $750,000. The Promissory Note matures on February 28, 2021. The Promissory Note has an interest charge of 10%, compounded monthly. Interest accrues on the principal amount or portion thereof which remains unpaid from time to time as well as any interest outstanding, from the date the principal amount is advanced until and including the date upon which the principal amount and all interest due under this promissory note shall be fully paid. The principal amount advanced under the Promissory Note is $280,659 through June 30, 2018. The Company has accrued interest expense of $6,642 at June 30, 2018.
MAAB Capital Limited, for which Bruce Bent has acted as Chief Executive Officer and Director from September 18, 2017 to present, and whose address is also 320 West Main Street Lewisville, TX (same as Astro Aerospace and Bent's employer Matthews Southwest), is the sole funding source for ASDN, and at usurious rates.
MAAB owns 79% of the shares. These are, in turn, mostly owned in some form by Bruce Bent.
