Posted On: 08/14/2014 4:54:37 PM
Post# of 43066
Quote:
In May, June, July and August, 2014, the Company’s Chief Executive Officer made eight individual loans to the Company totaling $208,838 to be used for working capital purposes.
In June and August, 2014, the Company’s Chief Technology Officer John Bordynuik made payments in behalf of the Company totaling $15,750 for critical operating services.
In March 2013, the Company’s Chief of Technology, as personal guarantor of a capital lease from Roynat Lease Finance, paid the outstanding obligation in the amount of $19,928 and personally assumed the lease.
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