(Total Views: 216)
Posted On: 07/04/2018 6:41:10 AM
Post# of 7803
Re: Coat Tail Rider #3851
So Micah cashed in, eh? What did he haul in, $25K or so? And where are the Form 4’s? The ones filed this year were gifts as I recall.
Also, how much did he loan the company for operations this year?
The Company disclosed on its 10K filed March 29, 2018 that in March 2018, Micah Eldred, the owner of 42.79% of the Company and an officer of the Company, agreed to provide a line of credit in the amount of $500,000 to the Company so that it would have the liquidity and funds to carry out its salvage operations. The Company finalized the execution of a Demand Note for the loans made by Endurance in 2017 and a Promissory Note – Line of Credit for the $500,000 line of credit, on April 2, 2018, whereby it agreed to pay 5% interest on any advances made, which are secured by a Security Agreement on the Company’s assets.
https://www.sec.gov/Archives/edgar/data/13929...1/f8-k.htm
Blogging with you is like shootin' fish in a barrel.
Typical sheep.
Also, how much did he loan the company for operations this year?
The Company disclosed on its 10K filed March 29, 2018 that in March 2018, Micah Eldred, the owner of 42.79% of the Company and an officer of the Company, agreed to provide a line of credit in the amount of $500,000 to the Company so that it would have the liquidity and funds to carry out its salvage operations. The Company finalized the execution of a Demand Note for the loans made by Endurance in 2017 and a Promissory Note – Line of Credit for the $500,000 line of credit, on April 2, 2018, whereby it agreed to pay 5% interest on any advances made, which are secured by a Security Agreement on the Company’s assets.
https://www.sec.gov/Archives/edgar/data/13929...1/f8-k.htm
Blogging with you is like shootin' fish in a barrel.
Typical sheep.
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