NOTE 9 - SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2016 | |
| Subsequent Events [Abstract] | |
| NOTE 9 - SUBSEQUENT EVENTS |
NOTE 9 SUBSEQUENT EVENTS
On July 19, 2016 the CEO lent the Company $60,000 as a short term loan for interim working capital pending the closure of certain other financing that is being pursued. The loan carries an interest rate of 7.99% per annum. There is no fixed date for repayment and the company is paying the interest charges on a monthly basis.
On July 29, 2016, the company filed answers, affirmative defenses and a counterclaim against Greentree Financial Group in connection with an ongoing legal dispute and as of this report the matter remains as a dispute between the parties. The Company is confident that it will prevail in this pending litigation. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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