Replies to post #13374 on Blue Line Protection Group Inc (BLPG)

[no_ur_stox]

Let's see if these wise words payoff!

[Biotechotcguy]

I think you posted this before but wanted to double check - do you know roughly how much hypur ventures has put into BLPG? I know it’s in the millions but the figure I don’t know for certain. Ty in advance.

[Biotechotcguy]

Any thoughts on yesterdays S-8?

[Biotechotcguy]

Doubt anyone (except 1-2 in here actually read the entire 10-Q)

“As of December 31, 2021 the Company owed CGDK, LLC $1,185,217, plus accrued interest of $452,246. The amount owed to CGDK was represented by seven Promissory Notes dated between July 9, 2015 and August 6, 2018. In March 2022, CGDK agreed to (i) consolidate the Promissory Notes into a new note in the principal amount of $1,185,217 and (ii) forgive the accrued interest of $452,246. The new Promissory Note is due and payable on December 31, 2026 and bears an interest (from January 1, 2022 to the date of payment) of 5% per year. During the nine months ended September 30, 2022, the loan was assumed by Doyle Knudson a related party and the Company repaid $233,131 of principal and accrued interest as of September 30, 2022. As of September 30, 2022, the balance on the loan is $952,086.”

A.) Great job and ability on BLPG part paying $233k off on this note

B.) If Doyle assumed the loan, this means Galvin is no longer doing business with Doyle or Galvin is exiting BLPG altogether.

Thoughts on the 10Q as a whole btw? In addition to the above.