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Re: ~ TRT ~ post# 2602

Tuesday, 03/11/2008 9:14:36 PM

Tuesday, March 11, 2008 9:14:36 PM

Post# of 2932
From last years 10K:
Has anyone checked into whether this debt was paid off? Otherwise, Mr Ayling must provide $1M of his own shares by 3/31 the way I read it. Hopefully, this was settled in the last year. If nobody knows, I'll check into it.

On March 20, 2007, the Company entered into a Continuation of Professional Services agreement with Couchot, Hogenkamp & Seving, Inc. (CHSI). Per agreement, balance owed as of February 28, 2007 to CHSI was $38,712. Upon execution of the agreement an additional 50,000 shares were issued as additional compensation to CHSI and the Chief Executive Officer entered into a collateral agreement with CHSI where the Chief Executive Officer will give CHSI 1,000,000 shares of the Company's stock owned by the Officer to CHSI if obligation is not fully satisfied as of March 31, 2008.[i/]

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001096906-07-000587&Type=HTML


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