InvestorsHub Logo

mebg

04/12/16 4:32 PM

#10 RE: willlbone #9

Something is up, just look at the steady volume of late. Then look at the latest 10Q.

Note Payable Financing

On April 15, 2015, we established a promissory note in the amount of $250,000 with Global CashSpot Corp (GCS). Under the terms of the promissory note, GCS has agreed to advance funds to us of up to $250,000 to fund accounting, legal and other operating costs. The unsecured promissory note is non-interest bearing, and repayment is due within 60 days following notice of demand by GCS. In the event the Company enters into a business combination with GCS, the promissory note shall be deemed paid in full. In September 2015, the Company and GCS agreed to amend the promissory note, increasing its amount to $350,000. During the nine months ended June 30, 2015, GCS advanced $257,500 under the promissory note.

I know I would borrow money to a worthless shell at 0% interest.