okay, this time i will do your dd for you
...go ahead super tell me where to look and pls don't tell me to call TB so he could tell me he not getting paid or how he getting paid.
all you have to do poop is read the p/r's
this is from the 02/04/09 corp update
The strategy for funding the "Flushaway" business model has been relatively unaffected by the recent world economic slowdown. The company has continued to be funded solely by private sources. The funds advanced to date have paid for such items as legal, accounting, corporate compliance, investor relations, research and product testing among others. It is anticipated that this type of funding will remain in place as alternate sources of financing are being finalized. Repayment of these advances would be by way of proceeds of future private placements, sales revenue, licensing of sub territories, the future issuance of shares, or senior long term debt financing. Some of the funding instruments include letters of credit, accounts receivable financing, purchase order financing and a currency hedge program as most costs and sales are in US dollars. These financial instruments have taken much longer than anticipated to complete and will be finalized shortly as the company heads toward initial production. Moving forward, private placements may be considered as the share price improves but not at the current price levels. During the 4th quarter of 2008, much of the groundwork was laid for these financial instruments as PayChest and Consolidated Ecoprogress have worked jointly towards this end. The $5,000,000 note payable to Consolidated Ecoprogress is classified as long term payable, to be paid over a 4 year period. It is anticipated that the repayment will be out of cash flow in the 4 year period and from the sales of sub-licences for territories. No payments have been made to date as payments will begin in the latter half of 2009 and will scale upward in 2010 and 2011.
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