Nope, I'm not hung up on bankruptcy - that's strictly Turek's problem. I'm just interested in knowing where that $450,000 came from mentioned in the SEC filing extract below.
Where did James N. Turek get the money to pay $450,000? Did he get a bank loan, or bank loans, and if so what did he use as collateral?
On December 10, 2003, the Company purchased the assets of Show Me Ink, LLC, an entity owned by the Company's Chief Executive Officer and majority stockholder in exchange for $450,000, which was contributed by the Chief Executive Officer to the Company. In addition, the Company forgave debt owed by Show Me Ink, LLC totaling $1,588,521.
secinfo.com
SHOW ME INK, LLC
Business Entity Information
Status: Dissolved on 3/8/2005
File Date: 3/12/2003
Type: NRS86 - Domestic Limited-Liability Company Corp Number: LLC3542-2003
Qualifying State: NV
List of Officers Due:
3/31/2005
Managed By:
Members Expiration Date: 3/12/2503
Foreign Name:
On Admin Hold: False
Financial Information
No Par Share Count: 0
Capital Amount: $ 0
No stock records found for this company
Officers Include Inactive Officers
Member - JAMES N TUREK
Address 1: 1155 W 4TH ST STE 214
Address 2:
City: RENO State: NV
Zip: 89503 Country:
Status: Active
Email:
Actions\Amendments
Action Type: Dissolution
Document Number: 00000053092-19
# of Pages: 1
File Date: 03/08/2005
Effective Date:
(No Notes for this action)
Action Type: Annual List
Document Number: LLC3542-2003-002
# of Pages: 1
File Date: 02/11/2004
Effective Date:
List of Officers for 2004 to 2005
Action Type: Articles of Organization
Document Number: LLC3542-2003-001
# of Pages: 2
File Date: 03/12/2003
Effective Date: |
