Replies to post #14187 on Netco Investments, Inc (fka NCVT)

[polkamatic]

FYI...From the last Trezac 10Q:
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NOTE 7 NOTES AND INTEREST RECEIVABLE - RELATED PARTY
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The Company has two note agreements with an officer/stockholder aggregating
approximately $597,079, of which $540,000 represents a subscription receivable
in the accompanying balance sheets, which is recorded as a contra to equity. In
connection with the notes, the Company has recorded approximately $4,000 of
interest income for the three months ended September 30, 2003 in the
accompanying statements of operations. During the three months ended September
30, 2003, the officer/stockholder made advances to the Company in the amount of
$50,000. Accordingly, the Company and the officer/stockholder decided to
consolidate prior notes receivable and related accrued interest receivable into
one note receivable in the amount of $57,079. The terms of the note receivable
were substantially unchanged. The note is unsecured with a maturity date of
February 20, 2007 and bears interest at 8% per annum with principal and accrued
interest due at maturity. The Company has not loaned the officer/stockholder
any amounts since February 2002 in accordance with the Sarbanes Oxley Act of
2002.


http://www.sec.gov/Archives/edgar/data/1068170/000107937203000063/0001079372-03-000063.txt