Replies to post #50889 on American Leisure Holdings Inc (AMLH)

[THall]

Thats also false. Bishop has not put any of his personal money into this ticker according to the filings

samsamsamiam Monday, 06/19/17 03:15:15 PM
Re: chrisre1 post# 50656
Post # of 50896

Wrong





Quote:Plus Bishop has also put in his savings into amlh. Remember back in early April he talked about it. I think he said that he invested about $1.7 million of his own money. This was on twitter. This makes perfect sense because the debt went from $1.2 million to under $430,000. Since we know there has been NO DILUTION then where did this money come from? See now connect the dots. I know what we have here everyone. Follow the information like I do. I do awesome DD

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Bishop merged with AMLH on March 27, 2017.
The debt the end of March was $430,343.
As of December 31, 2016 (unaudited) - total Liabilities $410,343.

The debt INCREASED.
Bishop did not use his own money to pay off that claim of paying off $1.2 million in debt in 2 months.
The liability number continuing to be thrown around is a number from over a year ago.
In May they added another $50k with two notes from Highgarden/Coaches and CDN/Dietrich that had also picked up that aged debt of Keystone/Ron Ryan.


The Company currently has a $25,000.00 Convertible Promissory Note to Highgarden Capital Growth, Inc. carrying an interest rate of 8% and is convertible to all or any amount of the principal face amount of the Note then outstanding into shares of the Company’s common stock without restrictive legend of any nature, at a price (“Conversion Price”) for each share of Common Stock equal to a 60% discount to the of the lowest price traded of the Common Stock as reported on the National Quotations Bureau OTCQB/Pink exchange.
On April 28, 2017, the Company entered into a Securities Purchase Agreement with CDN Associates, LLC, wherein $25,000.00 was provided under a one-year Convertible Promissory Note carrying 8% interest annually.

(which would be the debt not due for one year. )


A $20,000 note from GG Studios was also added to liabilities in this quarter filing - terms unknown.

Here's the proof:

http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=173589
Page 19
Liabilities are made up of current liabilities and long-term liabilities. Current liabilities include accounts payable of $0.00 and short-term debt of $430,343.00 per the schedule below. There were no long-term liabilities outstanding for the Company as of March 31, 2017.


http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=171885 (scanned document can't copy and paste it)
page 16
Liabilities are made up of current liabilities and long-term liabilities.
Current liabilities include accounts payable of $0.00 and short-term debt of $410,343.00 per the schedule below. There were no long-term liabilities outstanding for the Company as of December 31, 2016
*note in financials it says
As of December 31, 2016 (unaudited) - total Liabilities $410,343.
As of December 31, 2015 (unaudited) - total Liabilities $1,560,035.


http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=163083
page 16
Liabilities are made up of current liabilities and long-term liabilities. Current liabilities include accounts payable of $0.00 and short-term debt of $511,143.00 per the schedule below. There were no long-term liabilities outstanding for the Company as of September 30, 2016.

http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=159276
page 15
Liabilities are made up of current liabilities and long-term liabilities. Current liabilities include accounts payable of $0.00 and short-term loans of $535,343.00. There are long-term liabilities outstanding for the Company of $535,343.00.
Long-term debt consists of the following at June 30, 2016


http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=155642
page 15
The Company’s current assets as of March 31, 2016 are $52,612. The current assets consists of cash.
A. Liabilities
Liabilities are made up of current liabilities and long-term liabilities. Current liabilities include accounts payable of $146,203.00 and short-term loans of $145,418.43, for a total of $145,418.43. There are long-term liabilities outstanding for the Company of $1,217,056.

http://www.otcmarkets.com/financialReportViewer?symbol=AMLH&id=153109
Annual Report

December 2015 liabilities = 1,501,922.34
December 2014 liabilities = 1,284,591.96