Sound good here: PTAH paid down old debt & acquired Nortford LLP and Eggspress LLP~
"During the 1st and 2nd quarter the company the company retired $120,550 of above debt in exchange of 445,252,760 shares of Common stock.
On June 12, 2012 The Company assumed short term debt obligations of Kingsley Logistic Group in the amount of $112, 750.
On March 6 2013 the Company entered into two short term Convertible Notes due and payable in one year in the amount of $15,000 bearing an
interest rate of 12%.
During the2nd & 3rd quarters of 2013, the Company issued 270,000 shares of class A common stock to Deer Valley LLC, through a 504D program, receiving $62,500.00in proceeds,used for working capital.
The Company acquired Nortford LLP and Eggspress LLP in 2012 by issuing a promissory note in the amount of $500,000, a portion payable in 4th quarter, 2013.
The Company is negotiating additional terms of this note to
include partial payment through Preferred Shares.
Operating equipment debt is due to banks with a term of 2 years. "
- Go PTAH
Disclaimer: Alcohol is for those who could afford to lose some valuable brain cells.
