Xfuels Inc (XFLS)

[Farmboynate]

I think this debt
"Mr. McLaren then presented to the board a demand letter for his outstanding secured loan of $1,674,096.07 plus daily default interest.


The board appointed Mr. Iggulden to enter into a settlement agreement with Mr. McLaren and the motion was granted."

and "Mr. Iggulden motioned for permission to enter into an agreement with Cycle Energy Corp. a Texas corporation to assume the debts of Mammoth Corp. and Michael Brierley in exchange for the technologies developed by Cycle, Xfuels and McLaren and the motion was granted. "

and the order also called for all shares Mike issued to himself and his family etc to be canceled