Attitude Drinks Inc. (fka ATTD)

[BigBake1]

It was already on the 10K, the two very short term Notes Issued for $250,000 in cash, but you will not see the revenues recorded from it until Q2 as it will not be recorded on the Q1 due out on August 15th.

On June 14 2012, we entered into two promissory notes for $100,000 and $40,000, respectively, with two current accredited investors. These notes are subject to an interest rate of ten percent (10%) and are due the sooner of (i) October 14, 2012 or (ii) from the proceeds of the next funding. We received the $100,000 payment on June 27, 2012 and the $40,000 payment on July 9, 2012.

On June 26, 2012, we entered into a promissory note of $110,000 with a current accredited investor. We agreed to pay a finder’s fee of $10,000 as we received the net payment of $100,000 on June 28, 2012. The note is subject to an interest rate of ten percent (10%) and is due the sooner of (i) October 14, 2012 or (ii) from the proceeds of the next funding.

These two notes here were used to secure the product seen recently. They do not use cash on hand for such transactions as that is for operations, like I said it is easy to see each quarter because it is all in the qaurterlies, they cannot make stuff up out of thin air.