Replies to post #40753 on Trudy Corporation (fka TRDY)

[iheartmoney]

being late with TRDY is not new ...they were late with the Q .... yes TRDY might have an issue with the SEC ..but if they are getting their ducks in a row that could take extra time especially around the holidays...

[mjhowerton]

Where do you get that TRDY is supposed to pay 3.1 million to Burnham on Dec 31? The only liabilities listed in the financials are a note payable that was due on Sept 3. for $38,399 owed to Burnham, a note payable for $165,000 and 6K in account payables. The scaffolding asset happens to be valued at $165,000 so I would say Larson issued a note for the scaffolding. TRDY most certainly doesn't owe 3.1 million to Burnham according to the financial statements. And I'm not sure why an auditor would have held up the 10Q filings since the financials are unaudited.

[Focus7]

The only thing that TRDY owes on Dec. 31st to Burnham is the $38,399.00 that he left with TRDY to cover general corporate costs.

Also, the $2.7 million that TRDY owed Burnham was apparently taken care of in the private transaction some how. How, we don't know but. Something significant went on behind the scenes to cover that $2.7 million debt imo.

Link to latest 10q
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7611237