ComCam International, Inc.(fka CMCJ)

[stockmasterflash]

The last time

Comcam released a PR, the stock traded Zero shares the entire day. Wonder how much interest this PR about sending the CEO on a vacation..er...trade show will do?

Lets see what their last filing said, looks like CMCJ owes a lot of money! --10QA:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7658449#QASEPT2010_HTM_PAGE_25

Explanatory Note



This Form 10Q/A has been amended to (i) to expand our discussion and analysis of financial condition and results of operations; (ii) to add to our disclosure in respect to defaults on senior securities;(iii) to incorporate by reference additional exhibits and (iv) to bring current the Rule 13a-14(a) and Section 1350 certifications required by the Sarbanes-Oxley Act of 2002.

2



ITEM 3. DEFAULTS ON SENIOR SECURITIES



The Company has certain long-term debt obligations that are in default as of September 30, 2010.



· Note payable to Robert Betty in the amount of $1,000,000, bearing interest at 3%, secured by the common stock and assets of Pinnacle due in five monthly installments of $200,000, beginning on February 15, 2010. The note payable was in default as of September 30, 2010 in the amount $841,650 plus accrued interest of $3,597.



* Unsecured note payable to Global Convertible Megatrend, Ltd. (“Global Megatrend”) in the amount of $179,568 bearing interest at 7.5% and due on August 30, 2008. The note may be converted to common shares of the Company, at the option of the holder, based on certain terms related to outstanding shares and per share prices. The note payable was in default as of September 30, 2010 in the amount of $179,568 plus accrued interest of $90,981.