surfkast
2日前
This short run pump is over. Welcome new bag holders.
Interesting that they show no containers as assets. No sales either!
ASSETS
Current Assets
Cash 3,324
Accounts receivable 2,000 -
Total Current Assets 5,324
Investment in consolidated subsidiary - BadgerBloX 20,000
Land 240,000
Total Assets $ 265,324
They claim no debt?
Total Current Liabilities - -
Note payable (land) 190,000
Note payable - 15,000
Note payable – related parties 93,195
Total Liabilities 283,195
NOTE 5 – NOTES PAYABLE – RELATED PARTY
Beginning on February 23, 2023, the Company issued a demand note to an officer of the Company who will periodically advance
monies to the Company for operating expenses. This demand note will accumulate as monies are advanced. The note has no interest
obligations and is not convertible into the Company’s stock and does not have a maturity date. During the year ended December 31,
2023, the officer has advanced a total of $128,195, and during this same year, the Company has repaid the officer $40,000. During
the three and nine months ended September 30, 2024, this entity extended an additional $5,000 and $10,000, respectively to cover
operating expenses for the Company; in addition, during the three and nine months ended September 30, 2024, the Company repaid
$0 and $20,000, respectively to this entity. The Company will continue to repay this related party as is economically feasible for the
Company to do so without it causing significant burden to the Company. At September 30, 2024, the balance due this related party
is $78,195.
F-11
On March 31, 2023, the Company issued a demand note to an officer of the Company who has advanced monies to the Company’s
wholly-owned subsidiary (BadgerBlox) for operating expenses from inception of the subsidiary through December 31, 2023. This
demand note will accumulate as monies are advanced. The note has no interest obligations and is not convertible into the Company’s
stock and does not have a maturity date. During the year ended December 31, 2023, the officer of the Company advanced a total of
$8,262, and during that same year, the Company repaid the related party a total of $8,262. At September 30, 2024, the balance due
to this related party is $0.
On December 4, 2023, the Company issued a demand note to a related party, an entity controlled by the director of the Company, in
the amount of $10,000. During the three and nine months ended September 30, 2024, this entity extended an additional $0 and $5,000,
respectively to cover operating expenses for the Company. The note has no interest obligations and is not convertible into the
Company’s stock and does not have a maturity date. At September 30, 2024, the balance due to this related party is $15,000.44
surfkast
3日前
What a worthless pile of BS today! Obviously no one here checked the filings as they are delinquent to start! The scammers are again preying on the uninformed with blatant lies.SMH
Filings and Disclosure
OTC Disclosure & News
ActiveInactiveAll
Publish Date Title Period End Date Status
09/11/2024 Annual Report - Amended Annual Disclosure Statement For Period End Date March 31 2024 03/31/2024 A
Warning! Limited Information
OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11. The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b).
Secondly the 1 A was withdrawn in June! SMH
SEC Filings
Form Type Received Period End Date Report
1-A-W 06/04/2024
B. Promissory and Convertible Notes
Indicate by check mark whether there are any outstanding promissory, convertible notes, convertible debentures, or any other debt instruments that may be
converted into a class of the issuer’s equity securities:
No: ? Yes: ? (If yes, you must complete the table below)
Date of
Note
Issuance
Outstanding
Balance ($)
Principal
Amount at
Issuance ($)
Interest
Accrued
($)
Maturity
Date
Conversion Terms (e.g. pricing
mechanism for determining
conversion of instrument to
shares)
Name of Noteholder.
*** You must disclose the
control person(s) for any
entities listed.
Reason for Issuance
(e.g. Loan, Services,
etc.)
01/05/24 1,176,810 1,176,810 27,728 01/04/26 Average closing stock price of 20
days preceding conversion date
Nautilus Enterprises LLC, Jay
Maull
Loan
01/05/24 229,815 229,815 5,415 01/04/26 Average closing stock price of 20
days preceding conversion date
Cabot Shores LLC, Richard
Clowater
Loan
01/05/24 CA$ 194,956 CA$ 194,956 CA$ 4,594 01/04/26 Average closing stock price of 20
days preceding conversion date
Phoenix Professional Group
Inc., Richard Clowater
Loa
With no filings how can the following be checked?
NOTE 6 – NOTES PAYABLE
The Company has three Notes Payable as on March 31, 2024.
NOTE 8 – PAYABLE TO RELATED PARTY
As on March 31, 2024, the Company owes the following to Related Parties:
OTC Markets Group Inc.
Disclosure Guidelines for the Pink Market (v5 December 18, 2023) Page 19 of 20
• $230,400 (CAD$ 311,557) to Cabot Shores LLC, a company whose beneficial owner is Richard
Clowater, Director and CEO of the Company.
• $147,569 (CAD$ 199,549) to Phoenix Professional Group Inc, a company whose beneficial owner is
Richard Clowater, Director and CEO of the Company.