They do not have to be debt free to file AUDITED FINANCIALS! But it would be nice to know how many shares were given out.
The last paragraph explains that one deal was cancelled and SHARES WERE GIVEN BACK. So they do give out shares!
2013 filings:
13. Offering and Sales Amounts
Total Offering Amount $13,000 USD
or Indefinite
Total Amount Sold $13,000 USD
Total Remaining to be Sold $0 USD
or Indefinite
Clarification of Response (if Necessary):
The company did NOT receive cash consideration in this transaction.
13. Offering and Sales Amounts
Total Offering Amount $1,800,000 USD
or Indefinite
Total Amount Sold $1,800,000 USD
Total Remaining to be Sold $0 USD
or Indefinite
Clarification of Response (if Necessary):
The company will receive a total of $1,800,000 in three separate installments. As of this filing, the company has received one of the three installments. The second and third installments are due within 30 and 60 days, respectively.
13. Offering and Sales Amounts
Total Offering Amount $307,000 USD
or Indefinite
Total Amount Sold $307,000 USD
13. Offering and Sales Amounts
Total Offering Amount $672,600 USD
or Indefinite
Total Amount Sold $672,600 USD
13. Offering and Sales Amounts
Total Offering Amount $23,600 USD
or Indefinite
Total Amount Sold $23,600 USD
Sales Compensation
Recipient
Recipient CRD Number None
James Stanley 4758805
(Associated) Broker or Dealer None
(Associated) Broker or Dealer CRD Number None
Finance 500, Inc. 12981
Street Address 1
Street Address 2
19762 MacArthur Blvd., Suite 200
City State/Province/Country ZIP/Postal Code
Irvine CALIFORNIA 92612
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States All States
Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number None
William Watson III 1016938
(Associated) Broker or Dealer None
(Associated) Broker or Dealer CRD Number None
Finance 500, Inc. 12981
Street Address 1
Street Address 2
19762 MacArthur Blvd., Suite 200
City State/Province/Country ZIP/Postal Code
Irvine CALIFORNIA 92612
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States All States
Foreign/non-US
CALIFORNIA
13. Offering and Sales Amounts
Total Offering Amount $400,000 USD
or Indefinite
Total Amount Sold $400,000 USD
13. Offering and Sales Amounts
Total Offering Amount $3,009,000 USD
or Indefinite
Total Amount Sold $3,009,000 USD
13. Offering and Sales Amounts
Total Offering Amount $3,009,000 USD
or Indefinite
Total Amount Sold $0 USD
Total Remaining to be Sold $3,009,000 USD
or Indefinite
Clarification of Response (if Necessary):
The purchaser of the shares in this offering defaulted on its obligation to pay $3,009,000. The company ultimately did not receive $3,009,000 from the purchaser. The shares were cancelled by the company.
News 
Market Data 
Discover 
