Or how about this, is it not factually accurate that CDN associates bought old debt related to prior entity for $75k and then converted and sold those shares for over $1M
per the financials
The Company borrowed $75,000 for six months on December 10, 2008 from Robert Johnson and agreed to pay a financing fee of
$25,000 plus 400,000 restricted shares of common stock. On April 12, 017 the note to Robert Johnson was purchased by CDN
Associates LLC and the accrued interest was written off in the second quarter.
Issuance of shares to CDN ASSOCIATES LLC for the conversion of 50,000,000
Debt, on 2/7/2018 Shawn Dietrich is the Managing Member
Then magically right at the same time CDN converted those shares, they loaned more money back to RBII in the form of convertible debt
On February 1, 2018 the Company borrowed $35,000 from CDN
Associates LLC for one year at 8% interest, February 6, 2018 the Company borrowed $100,000 from CDN Associates LLC for one
year at 8% interest, and on March 28, 2018 the Company borrowed $50,000 from CDN Associates LLC for one year at 8% interest.
On April 19, 2018 the Company borrowed $50,000 from CDN Associates LLC for one year at 8% interest, and May 30, 2018 the
Company borrowed $15,000 from CDN Associates LLC for one year at 8% interest,
At the same time as all of this, CDN was being given shares for free in PAOG which were consistently dumped into the market. If you look at the cash flow statements there is zero evidence of cash ever being received related to these transactions.
March 20, 2017 50,000,000 shares of Common stock to CDN Associates, LLC* for working capital
March 31, 2017 55,000,000 shares of Common stock to CDN Associates, LLC* for working capital
December 31, 2017 50,000,000 shares of Common stock to CDN Associates, LLC* for working capital.
February 1, 2018 50,000,000 shares of Common stock to CDN Associates, LLC* for working capital
CDN then dumped these shares and loaned back money in the form of convertible debt to PAOG
The Company entered
into a financing agreement with CDN Associates LLC wherein $392,000.00 was provided under a one year Convertible
Promissory Note carrying 16% interest annually
Starting to see a pattern, is any of this not factual? Oh and then there was the weird loan from RBII to PAOG that was classified as RBII Accounts Receivable with the amount recorded by PAOG different than the amount recoded by RBII in different periods, again all factual.