Replies to post #96538 on CBA Florida Inc. (fka CBAI)

[Myth]

I tend to go with the latest 10q .....just filed very recently...here's the CORRECT info....

Under the Agreement with Purchaser of BioCells, the remaining payments are as follows: $15,000 on or before June 1, 2015; $45,000 on or before June 1, 2016; $55,000 on or before June 1, 2017; $55,000 on or before June 1, 2018; $55,000 on or before June 1, 2019; $65,000 on or before June 1, 2020; $75,000 on or before June 1, 2021; $75,000 on or before June 1, 2022; $75,000 on or before June 1, 2023; $80,000 on or before June 1, 2024; $80,000 on or before June 1, 2025.

This loan receivable is secured, non-interest bearing, and subject to a 6% discount rate. As of September 30, 2015, the receivable has a balance of $670,017. The Purchaser made the final principal plus default interest payments in October and November, of the June 2015 payment, which will be reflected in the year end results.

http://www.sec.gov/Archives/edgar/data/1289496/000135448815005090/cbai_10q.htm

As we all can see he's paid up until 6/1/2016......proper DD is a wonderful thing !

Hope this helps....