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Wednesday, July 31, 2013 7:24:15 PM
The Novation note was sold to iEquity according to the footnote.
Indian River and CF Consulting are both Hipple "companies," as is iEquity.
Got s link "confirming" Hipple isn't involved?
Here's my link proving the truth about Hipple's convertible notes and the vote control that he used to acquire fake companies that all he did was name and file an application with the USPTO for a service trademark.
http://www.sec.gov/Archives/edgar/data/1446896/000144689613000023/f10q4302013.htm
On January 1, 2013, the Company entered into a Consulting Agreement with Novation Services, Inc., for financial, accounting, compliance and other support services. Additionally, pursuant to the terms of the agreement, the Company was afforded use of office equipment, software, servers, and office personnel of the consultant, as well as use of the consultant’s offices as its mailing address. Novation Services, Inc. is a wholly-owned subsidiary of Novation, the Company’s former majority shareholder through May 5, 2013, when Novation sold its voting interest to iEquity Corp. and the Company relocated its principal offices to Boca Raton, Florida.
Indian River Financial Services, LLC(3)
Convertible promissory note dated January 22, 2013, bearing interest at a rate of 8% per annum, maturing January 31, 2014 and convertible at a rate of $0.0005 per share.
$161,250
CF Consulting, LLC
Convertible promissory note dated December 10, 2012, bearing interest at a rate of 8% per annum, maturing December 31, 2013 and convertible at a rate of $0.0005 per share.
$32,363
Novation Holdings, Inc. – related party(4)
Convertible promissory note dated December 31, 2012, bearing interest at a rate of 5% per annum, maturing December 31, 2014 and convertible at a rate of $0.0005 per share.
$164,547
Just so claims of "Asher being gone" don't surface again that's in the 10Q too.
Asher will be given hundreds of millions of shares between now and Nov. 2013 for interest and as notes "mature."
(1)
During the nine months ended April 30, 2013, Asher Enterprises Inc. converted a total of $21,400 of principal into 81,871,980 shares of common stock. Although the first Asher Enterprises note matured May 9, 2013 and is now in default, Asher continues to convert the principal and accrued interest
If it took 81M+ shares to pay off $21K, how many shares will it take to pay off $141,675 to Asher=roughly 550M shares, then add the monthly interest payments on top of that.
ENJOY the management skills of Hipple/Jan/Choo. The next SEC filing should be quite entertaining, especially the new OS.
ROTFL
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