Redwood Scientific Technologies Inc (RSCI)

[Newb21]

Here is a post from August 11, 2012. The poster Doubleday used to take care of the board like Dutch does now. The actual post # is 2425.




Doubleday

Saturday, August 11, 2012 12:31:00 PM

Post # of 10326

EZ English debt is going bye bye...link.
http://www.justice.gov/usao/nys/pressreleases/December11/levydavidarrestpr.pdf

As of March 31, 2012 and December 31, 2011, the Company recorded the following indebtedness:
March 31,
December
31,
2012 2011
Lines of credit $ 140,667 $ 135,463
Notes payable, Cole Gaskings & Hill 273,951 273,951
Notes payable, Craig Rhew 28,194 28,194
Notes payable, Kerry Construction 57,632 57,632
Notes payable, Dennis Strangenberg 42,500 42,500Notes payable, EZ English, Inc. 2,119,712 1,985,010 Notes payable, secured 571,250 562,917
3,233,906 3,085,667
Current portion 240,799 698,380
Notes payable, net of current portion $ 2,993,107 $ 2, 387,287

There will be much less than 1mm in debt left,two folks already converted.

David Levy is the owner of EZ english...a final indictment just came down last week and Greenway is named as one of the companies that were manipulated and damaged by the listed parties..this is great news for Greenway.