lucky, mydog
5年前
NOTE 6 - RELATED PARTY TRANSACTIONS
The Company owes $1,000 to Jinglan Dong, the former CEO.
The Company has entered into a loan from XS Capital, LLC. for a credit line of up to $150,000. The CEO was a minority member of XS Capital, LLC at the time of the transaction. As of April 30, 2019 and 2018, the balance owed on the line of credit is $53,947 and $53,947, respectively. As of January 31, 2020 there is $5,209 of accrued interest on this loan. The line of credit is currently past due.
As of January 31, 2020 and April 30, 2019, the Company owed iVest, Inc., a minority shareholder in the Company, $76,000 and $76,000, respectively. The loan is unsecured, accrues interest at 5% of the balance at the end of the fiscal year and matures January 31, 2019. As of January 31, 2020, there is $6,930 of accrued interest due on this loan. This loan is currently past due.
On February 5, 2019, the Company acquired a line of credit for up to $3,000,000 with Marjax Property Management. LLC. The line of credit is unsecured, bears interest at 3% over prime, compounded annually, and matures on January 31, 2024. As of January 31, 2020, there is $65,000 and $2,189, of principal and interest, respectively due on this loan.
Other current advances from related parties represent advances from a shareholder, advances from a Corporation with common management and advances from a party related to a shareholder. The advances are without interest and have no specified repayment terms. These advances totaled $100,919 and $95,932 on January 31, 2020 and April 30, 2019, respectively.
NOTE 7 - SUBSEQUENT EVENTS
In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the consolidated financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements other than the following:
On February 13, 2020, the Company issued to each of its seven outside directors and Chief Financial Officer 250,000 restricted shares and options to purchase 250,000 shares at an exercise price of $0.03 vesting on February 13, 2021.
StockWatcher
5年前
No one is paying a bit of attention. If anyone had looked they would have seen that they filed their FORM 10-12G on the 24th of February.
That means as they stated in their Press Release on March 10th that they performed a Full Audit of their Financials and submitted it with their Form 10-12G. They also have a Market Maker Sponsor in their FORM 10. So that means dollar land in the near future.
SEC Filings here: https://www.sec.gov/Archives/edgar/data/1527974/000168316820000560/0001683168-20-000560-index.htm
FORM 10-12G Here: https://www.sec.gov/Archives/edgar/data/1527974/000168316820000560/wellness_frm10.htm
Press Release Here on NASDAQ: https://www.nasdaq.com/press-release/wellness-matrix-group-files-form-10-and-announces-new-ceo-and-directors-2020-03-10
Notice they did not do the chincy Press Release through OTC Market.
List of Directors:
Name Age Position
Barry Migliorini 51 Chief Executive Officer, Director (1)
Joshua Patterson 38 President and Senior Software Architect
David Saltrelli 70 Vice President of Marketing
Mark Moscowitz 72 Secretary, Treasurer, Director
Bruce Barren 77 Chief Operating Officer, Director
David Todt 60 Chief Financial Officer
Dr. Desiree Cox 55 Director
Olivia Parr Rud 69 Director
Bernie Rice 65 Director
Roy Landers 73 Director
Dr. Sheldon Jordan 70 Director
Dr. Francesco Simplicio 65 Director
Anyone recognize Bernie Rice of IBM on the Board? Did anyone even notice at all they filed a Form 10 and put out a PRess Release. Well I did not either, someone else told me about it and I nearly fell over after reading it.
WMGR is about to make a serious move upward.
Mr. Bernie Rice is recognized as one of the world’s leading experts in Information Technology. Mr. Rice has a wealth of enterprise business experience and significant senior level relationships that are indispensable in developing many strategic partnerships. Mr. Rice and his business partner, Wesley Clark, retired United States Army General and former Presidential Candidate, are currently working with a portfolio of companies providing leadership capabilities in multiple leading-edge technology sectors.
Mr. Rice began his career with IBM in sales and held various sales leadership positions until 1983 when he entered IBM's finance fraternity. Mr. Rice's work in business case structure and portfolio analysis led him to a role as IBM's Finance Director for Application Software in 1985. By 1989, Bernie was promoted several times and was appointed Director of Finance, Planning and Administration for IBM's Southern Area. In that role, Mr. Rice was responsible for the staff functions of a $3 billion business and he was instrumental in positioning IBM's Southeast Region as the leader in billable services. Mr. Rice became Chief Financial Officer and General Partner for the IBM Venture Capital Group in 1993 and then Vice President of Business development for IBM's Consumer Division in 1998. There he managed projects like IBM's partnership with Berkshire Hathaway and Hallmark for the development of its breakthrough on-line research and learning platforms. Mr. Rice also served as Chief Executive Officer of Edmark Inc., the IBM subsidiary that developed innovative educational software for children.
Mr. Rice holds a B.A. from St. Anselm College (Manchester, New Hampshire) and a Masters in Business Administration in Marketing from Georgia State University. Mr. Rice also attended the IBM Presidents Program (a special Executive MBA program) at Harvard University.
Did anyone notice PhD Dr. Desiree Cox??? RHODES SCHOLAR of OXFORD UNIVERSITY
Her Website: http://www.desireecox.com/
https://stemcellcongress.conferenceseries.com/ocm/2018/desir-e-cox-oxford-university-nassau-bahamas-and-london-uk
https://vaticanconference2018.com/desiree-cox-md-phd/
Also their new Neurosurgeon: https://www.pacificneuroscienceinstitute.org/people/sheldon-jordan/
http://neurologywestla.com/neurologist/dr-sheldon-jordan/
If you have missed all of what has been going on, now you know some of what is possibly coming.
Nevada State Company Information: https://esos.nv.gov/EntitySearch/BusinessInformation