• Filing Date: 2015-01-16
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.1.9
Note 6- Subsequent Events
3 Months Ended
Dec. 31, 2014
Notes  
Note 6- Subsequent Events

NOTE 6- Subsequent Events

 

On January 2, 2015, the company borrowed $10,000 from High Tech Fueling, Service and Conversion Inc. (HFSD) at 7% interest to be paid back as soon as we raise the funds from our Direct Public Offering that is currently in the process of applying for various state approvals (Blue Sky approvals) to raise funds. We anticipate that we will have our State applications to raise funds in all the states we plan to raise money would be approved by late January of 2015. At that point we plan to pay off that loan to HFSD.

 

HFSD is also majority owned and controlled by three major shareholders of our company and thus considered a related party.