To: info@capexbic.com CapEx, L.P. 518 17th Street, 17th Floor Denver, Colorado 80202 Phone: (303) 869-4700 Facsimile: (303) 869-4602
Dear Sirs,
Can you explain the following, concerning XL Generation International Inc. (the Company):
"On December 30, 2005, the Company had received loans from CAPEX Investment Limited, a shareholder, in the amount of $835,000. In the first nine months of 2006, the Company received loans from CAPEX Investment Limited, a shareholder, in the amount of $526,000. These loans carry an interest of 10% and are payable on demand. As of September 30, 2006, total loans from CAPEX Investment Limited amounted to $1,484,082. This compared to $835,000 as of December 31, 2005." (As stated in the Quarterly Report of November 20th 2006.)
What are your investment plans concerning this company?
What about the payable on demand clause (of about 1,500,000 USD)?
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