Saturday, July 13, 2013 8:34:36 PM
In September 2011, the Company terminated a consulting agreement with CFOs to Go, Inc., at which time the Company owed a total of $144,400 in unpaid fees under that agreement. A convertible promissory note was issued on December 31, 2012 for the balance due, which note is convertible into common stock of the Company at a fixed price of $0.003 per share. In January, 2013, the note was transferred to Matriarch Management, Inc. as a result of the merger of CFOs to Go, Inc. into Matriarch Management. In March, 2013, the note was assigned to 5 individuals or entities by Matriarch. The securities were issued in reliance on the exemption provided by Section 4(2) of the Securities Act of 1933, as amended. As of March 31, 2013 and the date of this report, the notes have not been converted.
Page 4 of 12 here:
http://www.otcmarkets.com/financialReportViewer?symbol=SKTO&id=105693
Now look who is/was an officer in both CFO's To Go and Matriarch. Good ole Robbie C. Hipple. The C stands for "convertible".
CFO's.......
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=ED3ekm9Xsl4q8zq%252fyfmUuw%253d%253d&nt7=0
Matriarch......
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=C872dgROY0Q%252fsWCO7b7lZA%253d%253d
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM
Kona Gold Beverage Significantly Reduces Debt from Multiple Holders • KGKG • Jul 31, 2024 9:00 AM
Avant Technologies Opens Equity Line with GHS Investments as Company Explores Expansion into Additional Technologies • AVAI • Jul 30, 2024 8:00 AM
ELEMENT79 GOLD CORP PROVIDES UPDATE ON CHACHAS COMMUNITY CHARTER AND REVENUE GENERATION, M&A ACTIVITIES • ELMGF • Jul 30, 2024 8:00 AM
INDEXR AI Merges With Moon Equity Holdings Corp. (MONI), Creating a Leading-edge Technology Company • MONI • Jul 29, 2024 9:59 AM