At least Kidd got Domark's 10Q filed last Friday - a couple weeks early.
None of these words appear: Javaco, Vasquez, TRTN, 310 Holdings, Bordynuik, JBI or Juggernaut.
Of note:
NOTE 8 - LIABILITIES
The Company is reporting a note payable of $755,359 due on demand and non-interest bearing. This note is due to our executive officer and reflects advances, assignment of claims, and expenses paid on behalf of the Company by our executive officer.
<snip>
NOTE 11 - SUBSEQUENT EVENTS
Effective March 3, 2011, we obtained an unsecured loan in the amount of $75,000 from a private lender. The loan proceeds are disbursed as follows: $50,000 on March 7, 2011, and $25,000 on March 21, 2011. The first disbursement was received by the Company on March 7, 2011. The maturity date of the promissory note is July 1, 2011. The promissory note provides for interest at the below-market rate of 3.00% per annum, payable together with the principal amount at the maturity date, and is personally guaranteed by our Chief Executive Officer. Upon an event of default, interest shall accrue upon the total sum outstanding, from time to time, at the rate equal to 18% per annum on a basis of a 365-day year for the actual number of days in which any indebtedness under this promissory note remains outstanding.
<snip>
Date: April 1, 2011
By: /s/ R. Thomas Kidd
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R. Thomas Kidd
Chief Executive Officer, Principal
Executive Officer, Principal
Financial Officer
sec.gov |
