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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: SteveF who wrote (15301)	12/14/2011 2:17:23 PM
From: SteveF	Respond to of 53574

On December 14, 2010 the Company entered into a non-interest bearing short-term loan agreement with an existing shareholder in the amount of $35,000, with no specific terms of repayment. In March 2011, this shareholder and the Company have agreed to convert this short-term loan into common shares by way of the private placement. The combined salaries for CEO Bordynuik, CFO Baldwin and COO Smith were $16,308 bi-weekly. That's barely enough to cover those three salaries for one month. We're left to "connect the dots" as to whether those were $.50 PIPE shares or $.70 PIPE shares. P.S. that's a pretty slick con: loan your own company cash that is then given back to you in the form of "salary", along with 50,000-70,000 free shares of stock to repay that "loan".