Service Team Inc. (OTCMKTS:SVTE) Files An 8-K Other EventsItem 8.01 Other Events
Service Team Inc. (OTCMKTS:SVTE) Files An 8-K Other Events
The Company filed reports to Section 13 or 15 (d) of the Securities Exchange Act of 1934. The reports were 10-K dated August 31, 2016, 10-Q dated November 30, 2016, and 10-Q dated February 28, 2017. These reports contain the following clerical errors:
Form 10-K for period ending August 31, 2016: In the report on Page 20 and Page 21 under the heading Convertible Notes Third Party, the Company stated:
On February 5, 2015, the Company issued a Convertible Note to Tangiers Capital Group for $55,000 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On November 25, 2015, the Company issued a Convertible Note to Tangiers Capital Group for $38,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On April 15, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $27,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On May 6, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $35,750 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On June 13, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $38,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On July 18, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $27,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
Form 10-Q for period ending November 30, 2016: In the report on Page 20 and Page 21 under the heading Convertible Notes Third Party, the Company stated:
On February 5, 2015, the Company issued a Convertible Note to Tangiers Capital Group for $55,000 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On November 25, 2015, the Company issued a Convertible Note to Tangiers Capital Group for $38,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On April 15, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $27,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On May 6, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $35,750 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On June 13, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $38,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On July 18, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $27,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
Form 10-Q for period ending February 28, 2017: In the report on Page 20 and Page 21 under the heading Convertible Notes Third Party, the Company stated:
On February 5, 2015, the Company issued a Convertible Note to Tangiers Capital Group for $55,000 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On November 25, 2015, the Company issued a Convertible Note to Tangiers Capital Group for $38,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On April 15, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $27,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On May 6, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $35,750 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On June 13, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $38,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
On July 18, 2016, the Company issued a Convertible Note to Tangiers Capital Group for $27,500 of cash consideration. The correct name of the lender, holder, of the Note is Tangiers Investment Group, LLC.
About Service Team Inc. (OTCMKTS:SVTE)
Service Team Inc., through its subsidiary Trade Leasing, Inc., is principally involved in the manufacturing, maintenance and repair of truck bodies. The Company operates through two segments: Trade Leasing and Service Products. The Trade Leasing segment is involved in the manufacture and repair of truck bodies. The Service Products segment specializes in electronics service, repair and sales. The Company manufactures truck bodies that are attached to a truck chassis, which consists of an engine, drive train, a frame with wheels, and in some cases, a cab. The Company is also involved in other products used by the trucking industry. The Company operates a manufacturing and repair facility in South Gate, California. As of August 31, 2016, the facility manufactured both custom and standard production truck bodies in approximately 70 different models designed to fill the specialized demands of the user. The Company installs various types of cooling systems in the trucks.
Service Team Inc., through its subsidiary Trade Leasing, Inc., is principally involved in the manufacturing, maintenance and repair of truck bodies. The Company operates through two segments: Trade Leasing and Service Products. The Trade Leasing segment is involved in the manufacture and repair of truck bodies. The Service Products segment specializes in electronics service, repair and sales. The Company manufactures truck bodies that are attached to a truck chassis, which consists of an engine, drive train, a frame with wheels, and in some cases, a cab. The Company is also involved in other products used by the trucking industry. The Company operates a manufacturing and repair facility in South Gate, California. As of August 31, 2016, the facility manufactured both custom and standard production truck bodies in approximately 70 different models designed to fill the specialized demands of the user. The Company installs various types of cooling systems in the trucks.
