Thursday, June 28, 2007 5:58:19 PM
From Form 10-QSB
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 30, 2007
I will add some notes In parentheses
4. LOAN PAYABLE TO RELATED PARTY
Loans payable to related party totaling $1,037,687 at April 30, 2007, is comprised of advances from a business entity (Cellular Connection} of which the Company's Chief Executive Officer and President(Stuart Turk)is the owner. The advances are due on demand,
secured and non-interest bearing.
Looks like he lent ONGO over a million of his own money. Do you think he believes it's going into the toilet?
I am a new investor and any post on any message should be validated before making any investment decisions, I was wrong once.
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