- 9 - Amount Transferred By Amount Transferred By Date Petitioner To Blackland Blackland To Petitioner 1995 2/13 $ 681 3/14 1,253 4/20 630 5/01 2,599 5/11 5,052 6/01 135 6/07 3,365 6/13 360 6/21 9,979 7/05 7,250 7/10 $ 200,000 7/12 12,712 7/19 250,000 7/26 1,526 8/10 78 8/21 250,000 8/31 4,130 9/18 30,000 10/13 85,000 10/31 50,000 285 11/14 35,000 12/31 6,458 11,219 Total-1995 $ 906,458 $ 61,254 Total Cumulative $3,545,020 $724,480 With respect to the $487,117 transferred by Blackland to petitioner on November 21, 1994, $159,028 thereof was identified on the above worksheets as “accrued interest” on funds transferred by petitioner to Blackland as of that date, which were the only funds transferred by Blackland to petitioner between 1993 and 1995 that were identified as interest. On March 10, 1995, the president of Blackland and petitioner signed a “security agreement” wherein Blackland purportedly granted petitioner a security interest in all of the then-owned and after-acquired property and assets of Blackland for the stated purpose of securing the funds transferred by petitioner toPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011