During the course of normal business for the period ended March 31, 2006, LexReal, LLC (LexReal), a Kentucky limited liability company, paid for goods and services for the benefit of the Company in the amount of $2,057,340.
LexReal is owned by the Company’s president and majority stockholder. During the period ended March 31, 2006, $801,825 of debt was forgiven by LexReal. The Company removed the obligation and increased paid-in capital to reflect this transaction.
Additionally, the Company negotiated the remaining balance of $1,786,841 with LexReal as a note payable, bearing no interest, with a due date of December 31, 2010.
Plasticon International/Inc · 10QSB · For 9/30/06
From Doc 213-8 Exhibit 9 Page 13
James N. Turek Bankruptcy Filing filed 14 May 02
secinfo.com
From Doc 213-8
09/14/2007 213 Witness and Exhibit List, filed by U.S. Trustee.
Exhibit 9 Page 13
James N. Turek Bankruptcy Filing filed 14 May 02
12. Stock and interests in incorporated
and unincorporated businesses.
Itemize
Lex Real LLC – 10% ownership of company
Current Market Value $100.00 |
