secwatch.observer — SEC 8-K summary
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Issuer:     My City Builders, Inc. (MYCB)
CIK:        0001556801
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001640334-22-001601
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iMine subsidiary lends $672,960 to Fix Pads, assigns half to third party
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- RAC, iMine unit, issued $672,960 promissory note to Fix Pads Holdings at 12% interest, secured by seven properties.
- Consideration paid by RAC ($328,625.72) and third-party investor Frank Campanaro ($328,625.73) funded the note.
- On July 26, RAC assigned to Campanaro rights to $336,480 principal and half of interest payments.
- Net result: iMine disposed $328,625.73 cash and acquired $334,480 in secured note receivable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556801/000164033422001601/0001640334-22-001601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556801/000164033422001601/jrvs_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-22-001601

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