Posted On: 10/20/2014 8:33:56 PM
Post# of 101
This is interesting from the 10-q
On May 1, 2013, President, CEO and Director, Jerry G. Mikolajczyk, loaned the Company $20,000 to be applied against the purchase of Series B Preferred Shares. The loan is unsecured and non-interest bearing.
How do you loan money to the company to purchase shares. Either you purchase them, or you loan the company money. Must be some of that creative accounting thing going on here. Let's see what the S.E.C thinks about this.
On May 1, 2013, President, CEO and Director, Jerry G. Mikolajczyk, loaned the Company $20,000 to be applied against the purchase of Series B Preferred Shares. The loan is unsecured and non-interest bearing.
How do you loan money to the company to purchase shares. Either you purchase them, or you loan the company money. Must be some of that creative accounting thing going on here. Let's see what the S.E.C thinks about this.
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Good luck to all stockholders and stuckholders!
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