interesting to note .. monies rec'd in in 2018 from one of the 2 (and a current director) in 2016 ($600k total for 2 individuals then .. from memory LL @ 100k and JA @ 500k)
On February 16, 2018, the Company received a secured short term demand loan from Mr. Jason C. Aspin in the amount of CAD$100,000. Mr. Aspin is a director of the company. The funds are to be used towards ongoing operating expenses.
On August 24, 2016, the Company issued to Hilander Limited , a business controlled by Mr. Jason Aspin, presently one of the Company’s directors, a $100,000 Secured Promissory Note bearing interest of 12% per annum compounded annually, together with a five-year warrant to purchase up to one hundred thousand shares of the Company’s common stock at an exercise price of $0.12 per share, and payable upon maturity in 2021 and secured by a security interest in substantially all of the assets of the Company and its subsidiaries. On October 12, 2017, Mr. Aspin was appointed a Board member of the Company. As of December 31, 2017 and December 31, 2016, the aggregate outstanding balance, including accrued interest at 12% per annum, was 115,276 and $102,368, respectively. (See Note 6).
On October 18, 2016. the Company issued to Atlantic Advances Power Technologies , a business controlled by Mr. Aspin, a $400,000 Secured Promissory Note bearing interest of 12% per annum compounded annually, together with a five-year warrant to purchase up to four hundred thousand shares of the Company’s common stock at an exercise price of $0.12 per share, and payable upon maturity in 2021 and secured by a security interest in substantially all of the assets of the Company and its subsidiaries. Mr. Aspin was appointed a Board member of Plastic2Oil, Inc. As of December 31, 2017 and December 31, 2016, the aggregate outstanding balance, including accrued interest at 12% per annum, was $443,757 and $389,847, respectively. (See Note 6).
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The following table highlights since inception the proceeds from financings, research and development expenditures, investment in property, plant and equipment and fuel produced in 2014 (i'd forgotten this amount 12,959)
page 21
https://www.sec.gov/Archives/edgar/data/13811...rm10-k.htm
On February 16, 2018, the Company received a secured short term demand loan from Mr. Jason C. Aspin in the amount of CAD$100,000. Mr. Aspin is a director of the company. The funds are to be used towards ongoing operating expenses.
On August 24, 2016, the Company issued to Hilander Limited , a business controlled by Mr. Jason Aspin, presently one of the Company’s directors, a $100,000 Secured Promissory Note bearing interest of 12% per annum compounded annually, together with a five-year warrant to purchase up to one hundred thousand shares of the Company’s common stock at an exercise price of $0.12 per share, and payable upon maturity in 2021 and secured by a security interest in substantially all of the assets of the Company and its subsidiaries. On October 12, 2017, Mr. Aspin was appointed a Board member of the Company. As of December 31, 2017 and December 31, 2016, the aggregate outstanding balance, including accrued interest at 12% per annum, was 115,276 and $102,368, respectively. (See Note 6).
On October 18, 2016. the Company issued to Atlantic Advances Power Technologies , a business controlled by Mr. Aspin, a $400,000 Secured Promissory Note bearing interest of 12% per annum compounded annually, together with a five-year warrant to purchase up to four hundred thousand shares of the Company’s common stock at an exercise price of $0.12 per share, and payable upon maturity in 2021 and secured by a security interest in substantially all of the assets of the Company and its subsidiaries. Mr. Aspin was appointed a Board member of Plastic2Oil, Inc. As of December 31, 2017 and December 31, 2016, the aggregate outstanding balance, including accrued interest at 12% per annum, was $443,757 and $389,847, respectively. (See Note 6).
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The following table highlights since inception the proceeds from financings, research and development expenditures, investment in property, plant and equipment and fuel produced in 2014 (i'd forgotten this amount 12,959)
FY 2009-2013 FY 2014 FY 2015 FY 2016 FY 2017 Total
Fuel produced in gallons 655,037 12,959 0 0 0 667,996
page 21
https://www.sec.gov/Archives/edgar/data/13811...rm10-k.htm
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