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Re: Warmy post# 16397

Tuesday, 08/21/2012 2:25:50 PM

Tuesday, August 21, 2012 2:25:50 PM

Post# of 62039
Does anyone have any additional info on Fogo, Inc.???

This 6 month $200,000 note has a 12% interest rate and is due on Jan 27th, 2013. How will this be paid with no revenue?

The Company entered into a Promissory Note with Fogo, Inc. on July 31, 2012 in the amount of $200,000. The note has an interest rate of 12% with the maturity date of January 27, 2013. In consideration of the Promissory Note, Fogo, Inc also received Warrants to purchase 1,000,000 shares of common stock at an exercise price of $0.03 per share.


http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8784707
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