Replies to post #971 on 1pm Industries Inc (OPMZ)

[surfkast]

The money is coming from where?

For the nine months ending October 31, 2014, the Company had Net Loss of ($287,270).

Now add the debt:



During the quarter October 31, 2014, the Company borrowed $40,556 from Joseph Wade, our CEO, related to the purchase and/or renovation of the Company’s properties and working capital. Of this amount, $11,750 was paid directly to vendors for the renovation of real estate property. The Company has repaid $16,562. The total amount owed is $78,968 as of October 31, 2014. The loan is at 0% interest and is to be repaid by December 31, 2015.



During the quarter October 31, 2014, the Company borrowed $12,676 from Matt Billington, our COO, related to the purchase and/or renovation of the Company’s properties and working capital. The Company has repaid $2,500. The total amount owed is $10,176 as of October 31, 2014. The loan is at 0% interest and is to be repaid by December 31, 2015.




KBM Worldwide September 5, 2014 convertible note.



On September 5, 2014 the Company received a note in the amount of $42,500 from KBM Worldwide, Inc. The note bears a simple interest of 8% per annum from the date hereof (the “Issue Date”) until it becomes due and payable, whether at maturity date on June 5, 2015. The note is convertible into shares of Common Stock, $0.0001 par value per share. (NOTE: This equates to 425 million free trading shares!)




On July 21, 2014, we issued 12,500,000 shares to our CEO under the Company’s S-8 and stock compensation plan. The company expensed $125,000 related to this transaction.



On July 21, 2014, we issued 12,500,000 shares to our COO under the Company’s S-8 and stock compensation plan. The company expensed $125,000 related to this transaction


In April 2014, in conjunction with the purchase of one of the properties, the Company entered into a noninterest bearing installment promissory note for a mortgage on the property of $13,600. The amount is repayable in monthly installments of $350 and the remaining balance due on maturity date of April 1, 2015. During the quarter October 31, 2014, the Company repaid $1,050. As of October 31, 2014, $12,642 was due.


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