secwatch.observer — SEC 8-K summary
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Issuer:     My City Builders, Inc. (MYCB)
CIK:        0001556801
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0001640334-22-001602
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iMine Corp subsidiary RAC provides $672,960 secured loan to Fix Pads, assigns 50% to investor
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- RAC loaned $672,960 to Fix Pads Holdings at 12% interest, secured by 7 properties across multiple states.
- Note requires interest-only monthly payments, principal due July 1, 2023; 12% annual rate.
- RAC assigned half ($336,480) of the note to investor Frank Campanaro, retaining $336,480 principal plus half interest.
- Net effect: RAC disposed $328,625.73 cash and acquired $334,480 in secured note (difference due to prepaid interest).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556801/000164033422001602/0001640334-22-001602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556801/000164033422001602/jrvs_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-22-001602

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