It looks like Far more cash was taken out of that "loan" than the $9,000 worth of stock he "bought
By my 6th grade education, it looks like something on the order of $170,000 was taken out. Do you agree?
In the notes on F-15
The Ninth Amended Note had a balance of $1,281,852 and $1,355,761 at December 31, 2014 and 2013, respectively. The components of the Ninth Amended Note and the related balance sheet presentation as of December 31, 2014 are as follows: $753,704, which is included in the line of credit, related party; and $528,148 for other obligations due to The RHL Group, which are included in related party payables.
Total interest expense on the Line of Credit for the years ended December 31, 2014 and 2013 amounted to $134,523 and $132,804, respectively. The unpaid interest balances as of December 31, 2014 and December 31, 2013 were $30,160 and $24,049, respectively.