10k filed, i'm wondering how they're going to handle 'this'...
convert to shares while shares are cheap before the sale of the property goes through OR pay themselves out of sale of property
ITEM 13. Certain Relationships and Related Transactions, and Director Independence
Related Party Transactions
As of December 31, 2012, certain current and former directors were owed $40,000. These Advances do not yield interest and are payable on demand. The obligees and the amounts owed to them as of December 31, 2012, as Advances are as follows:
Name
Amount
Charles S. Conoley
$
5,000.00
Estate of C. Donald Miller, Jr.
5,000.00
Michael Shannon Glasgow
5,000.00
Barclay Kirkland, DDS
5,000.00
David K. Scherer
5,000.00
Elizabeth Thomason, DMD
5,000.00
Mary Ann P. Turner
5,000.00
Clarence R. Urban
5,000.00
Total
$
40,000.00
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All posts are strictly my opinion and are not buy or sell recommendations.