$ 300,000 loan in May 2009 to GSTY secured by owned land as collateral. Guess that would be the 160 actually owned acres bought from Dadon for 1,000,000 shares of stock.
Wonder how much of the $ 300,000 will be paid back to majority owner David Dadon for inteest due on the $ 12,000,000 plus debenture on the "option" to buy his other acreage?
The Tony Cataldo/ David Dadon "arm's length" tranactions look to be short arm length transactions to me.
Wonder if this is why Nelson, Figlewicz, and the first accountants took a powder so early. (Of course it might have been just the fact that Tony ran through the cash and had only $ 3 left at end of first quarter.)
