October 7, 2010 United States Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Dear Ms. John: | ||
Re: | Tree Top Industries, Inc. Form 10-KA for the Fiscal Year Ended December 31, 2009 Filed August 30, 2010 File No. 000-10210 | |
Item 13: Certain Relationships and Related Transactions, page 41: The balance due to related parties as of December 31, 2008 of $583,529 consisted entirely of advances and payables to Mr. David Reichman, the Company’s CEO. During 2008 Mr. Reichman advanced the Company $155,000, and was repaid $44,339 of prior year payables. As of December 31, 2009, the related party balance of $1,345,769 consists of wages payable to Mrs. Kathy M. Griffin, the Company’s President of $127,500, and $1,218,269 due to Mr. Reichman for advances and accrued wages. During 2009 Mr. Reichman advanced the Company $206,052 and was repaid $100,398. Accrued wages of $500,000 and other expenses of $29,086 also increase the related party payable to Mr. Reichman. We will include this same level of disclosure for related party transactions in future filings. Sincerely, TREE TOP INDUSTRIES, INC. __/s/______________________________ David I. Reichman, Chairman & CEO |
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CORRESP Filing
Global Tech Industries (GTII) CORRESPCorrespondence with SEC
Filed: 7 Oct 10, 12:00am