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Re: Slojab post# 30856

Friday, 10/26/2018 12:52:22 PM

Friday, October 26, 2018 12:52:22 PM

Post# of 38069
If you read through it Payless basically funded their way onto this scene. Arthur also loaned in some more money. Like I mentioned it sounds like they need to raise capital through the market via shares because they don't have enough to get the trucks. Sell shares, buy trucks, grow model. Just my opinion obviously.

Since its formation during 2018, an operating principal of the Company’s wholly-owned subsidiary Payless Truckers, Inc. has loaned $70,000 to fund the subsidiary’s operations. The loan currently bears no interest and is payable on demand. The Company has imputed interest on this obligation at a rate of 10% per annum, which the Company believes is appropriate and represents a market lending rate based upon other debt financings. As of August 31, 2018, imputed interest of $2,333 has been recorded in the Company’s financial statements.

Also Arthur's note matures 12/15. Get ready for the fireworks.