D Mecatronics Inc. (fka DMTA)

[MyBluC4]

On September 6, 2007, the Company issued 72,000,000 common shares in exchange for notes
receivable in the aggregate amount of $720,000 the nature of offering: Private Placement
Offering pursuant to Rule 504 of Regulation D promulgated under the Securities Act of 1933. The
jurisdiction where the offering was registered or qualified: New York. No payments have been
received to date. The note is non-interest bearing.

Who was this issued to in New York (private placement for who)?
What was the reason for the transaction(strategic/tactical/financial)?
What is the time line on the receivable (it cannot possibly be an open ended transaction with no end date)? And, why would it be non-interest bearing if the end date(s) are not met?
Is it legal to withold such information to shareholders?