RE:RE:RE:Director charged SX 24% interest on $25k loan in 2017!!!
Bingo! Barkingdog I suggest you make a complaint as well.... I want Frank investigated for curruption and the BOD for negligence. Time to clean f*cking house here.
We can only put a stop to corruption if we boldly stand in the face of it. Frank, I'm now standing in you face!
https://ca.research.net/r/bcsc-complaint-form I suggest all concerned shareholders
contact the BCSC and file a complaint. For the record I'm a 6 figure shareholder with 5 times the amount of money sh*tdaddy claims to have in here and that makes me a very vocal and active participant. I don't like what's going on around here.
I'm not a a$$ sucking cuck like the king_daddy_CUCK, I actually do real due dilligence and use an objective approach.
In fact sparton123 claims to have done his homework.... bahhhahhhhaaaahaaaaaa, what a joke! You couldn't even figure out the corruption/negligence related to this $75,000 loan scandal. Within 20 minutes I was able to present clear evidence that a director of SX has been charging SX (the company) 24% interest per anum as well as a $5k signing fee for a $25,000 loan in 2015. So wtf is going on now with Franks INTERST FREE, NON SECURED LOAN from SX?!!!
Based on the terms of the 2015 loan that SX has been paying this directon, Frank should have had to pay a $15,000 signing fee and 24% interest to SX per anum to complete the loan.
Tell us spartan123, we are waiting.... or will be more crickets?
On April 25, 2015, the Company issued a promissory note in the amount of $25,000 maturing on April25, 2016 in favour of a Director of the Company. Interest on the promissory note is calculated at 24% per annum, totaling $2,160 (2015 - $4,102) for the year. A $5,000 signing fee was payable to the Director of the Company. The note is secured by a general security interest in all the tangible and intangible assets of the Company. During the year ended December 31, 2016, the principal amount of $25,000 was repaid. As of September 30, 2017, the remaining balance of $10,565 which pertains to interest and signing fees was paid.
https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00018603&issuerType=03&projectNo=02704549&docId=4223316