Has anyone ever gotten their $ back? https://ap

Has anyone ever gotten their $ back?

https://app.quotemedia.com/data/downloadFilin...CK=1343465

Quote:

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Note Payable

Page 15
On June 21, 2019, the Company issued a six-month ten percent interest promissory note in the amount of $200,000. The note was funded July 8, 2019. Per the terms of the note, the Company agreed to issue to the lender was issued 2,000,000 shares of restricted common stock, with a fair value of $2,600 as an inducement. The balance of the note is $200,000 as of September 30, 2022 and December 31, 2021. The note is currently in default.

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So the company issues 2,000,000 shares of restricted common stock and balance of the note (now in default) is still $200K?

Quote:

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NOTE 8 - RELATED PARTY TRANSACTIONS

Certain affiliates have made non-interest-bearing advances . The balances of these advances, which are due on demand and include the Advances from Related Parties noted in Note 5, totaled $620,432 and $615,432 as of September 30, 2022 and December 31, 2021, respectively. Included in accounts payable related parties as of September 30, 2022 and December 31, 2021, are expenses incurred with these affiliates totaling $76,383 .

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$76,383? That's a lot of expense for being non-interest bearing advances.

Who is lending all of this money? And where does all of this money go with nothing being built and monthly revenue at all all-time low of $9,900. And could be zero by the end of the year with Ri transit contract being terminated and only $1,200 in receivables.

just due diligence...not personal

in my humble opinion

cheers