Dynamic Aerospace Systems entered into multiple related-party debt agreements with its CEO and COO, formalizing and extending approximately $219,000 in outstanding insider loans and credit card advances at interest rates up to 29.99%, all subordinated to senior debt held by Platinum Point Capital. The CFO received a $15,000 salary increase. The filings reveal severe cash constraints and reliance on insider funding ahead of a planned exchange uplisting.
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Executive Summary
Dynamic Aerospace Systems entered into multiple related-party debt agreements with its CEO and COO, formalizing and extending approximately $219,000 in outstanding insider loans and credit card advances at interest rates up to 29.99%, all subordinated to senior debt held by Platinum Point Capital. The CFO received a $15,000 salary increase. The filings reveal severe cash constraints and reliance on insider funding ahead of a planned exchange uplisting.
Key Facts
- Company entered into 5 related-party debt agreements with CEO Kent Wilson and COO Jeff Hail on October 16, 2026.
- Total outstanding insider debt formalized: ~$219,000 across promissory notes, revolving credit lines, and short-term loans.
- Interest rates range from 18% to 29.99% per annum, with monthly compounding on the credit card facilities.
- All insider debt is subordinated to senior debt held by Platinum Point Capital LLC.
- Maturity of all obligations extended to the earlier of December 31, 2026 or an uplisting payment date.
- CFO Robin Hoops' base salary increased from $185,000 to $200,000, effective September 16, 2026.
- Company has no securities registered under Section 12(b) of the Exchange Act and is pursuing an uplisting to a national exchange.
- Company has undergone multiple name changes: formerly BrooQLy Inc., brooqLy, Inc., and MyTreat, Inc.
Financial Impact
Total insider debt formalized is approximately $219,000, including $35,581.67 promissory note, $105,452.71 revolving credit opening balance, $128,171.06 short-term loan, and $49,977.58 CEO revolving line opening balance. CFO salary increase of $15,000 annual increase.
Investment Themes
Documents Analyzed
This report is based on 11 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-033299 |
| Exhibit: ex_1030028.htm | 0001437749-26-033299 |
| Exhibit: ex_1030030.htm | 0001437749-26-033299 |
| Exhibit: ex_1030029.htm | 0001437749-26-033299 |
| Exhibit: ex_1030045.htm | 0001437749-26-033299 |
| Exhibit: ex_1030173.htm | 0001437749-26-033299 |
| Exhibit: ex_1030172.htm | 0001437749-26-033299 |
| Exhibit: ex_1030031.htm | 0001437749-26-033299 |
| Document: 0001437749-26-033299-index-headers.html | 0001437749-26-033299 |
| Document: 0001437749-26-033299-index.html | 0001437749-26-033299 |
| Document: 0001437749-26-033299.txt | 0001437749-26-033299 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $0.2499 | awaiting T+60 | — | $0.2274 (+8.99%) |
Jun 25, 2026 17w ago | 8-K | $0.2500 $0.1279 | ▲ +48.84% | ▲ +52.69% | $0.2274 (+9.03%) |
May 15, 2026 23w ago | 8-K | $0.3000 $0.2126 | ▼ −29.14% | ▼ −33.65% | $0.2274 (−24.19%) |
Apr 30, 2026 25w ago | 8-K | $0.3174 $0.2029 | ▲ +36.09% | ▲ +39.16% | $0.2274 (+28.35%) |
Apr 15, 2026 27w ago | 8-K | $0.2940 $0.2390 | ▲ +18.71% | ▲ +25.75% | $0.2274 (+22.64%) |
US Market Status
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