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Prospector
Profile
130-004
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| Pop N Go, Inc. |
NAICS |
333311 |
| 12429 East Putnam Street
Whittier, CA 90602 |
Description |
Automatic Vending Machine Mfg. |
| (562) 945-9351 |
Employees |
5 |
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Revenue |
(mil) |
0.3680 |
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Income |
(mil) |
-4.4200 |
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Assets |
(mil) |
0.3880 |
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Liability |
(mil) |
17.1160 |
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(for the year ended 2007-09-30) |
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Category:
Default
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Event:
Pop N Go, Inc., discloses that it currently has $10,381,345 of outstanding convertible debentures, which includes convertible debentures issued to various private investors and the secured convertible debenture issued to YA Global Investments, L.P. Of those debentures, $6,572,935, or 66.31% of the total convertible debentures are in default. The Company also has short term notes in the amount of $1,058,659 and currently is in default of $966,886 of those notes, including a promissory note it issued to Branax, LLC, in the amount of $240,000.
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Intellectual Property:
The Company's patented Pop N Go Hot Air Popcorn Vending Machine is a unique hot air based popcorn vending machine that delivers a fresh cup of popcorn on demand, with butter flavoring. Pop N Go contains the Company’s proprietary microprocessor technology, which provides a closed-loop feedback popping process, and generates an audit trail for each cup vended. The attractive design is geared for the retail environment in an effort to generate a higher volume of cups sold than in a traditional vending environment. [SEC Filing 10-KSB 01-14-08]
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Description:
Pop N Go, Inc., through its subsidiaries, engages in the manufacture and development of coin-operated popcorn machines in the United States and internationally.
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Officers:
Melvin Wyman (CEO, Sec. & Sole Dir.)
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Auditor:
Kabani & Company, Inc.
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Securities:
Common Stock-Symbol POPN.OB; OTC BB; 348,815,980 common shares outstanding as of January 7, 2008.
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