UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 31, 2009
BLUEGATE CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
| Nevada |
| (State or Other Jurisdiction of Incorporation) |
| 000-22711 | | 76-0640970 |
| (Commission File Number) | | (IRS Employer Identification No.) |
| 701 North Post Oak, Road, Suite 600, Houston, Texas | | 77024 |
| (Address of Principal Executive Offices) | | (Zip Code) |
| Registrant's Telephone Number, Including area code: (713) 686-1100 |
| |
| (Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SAI Corporation, a corporation controlled by Stephen J. Sperco, our CEO, President and Director previously loaned money to us and we signed a promissory note and security agreement. The loan is a demand loan whereby SAI Corporation can demand repayment from us at any time. Pursuant to the terms of the note, SAI Corporation recently made a demand for payment. Thirty days have elapsed since SAI Corporation made demand for payment; however, we have not repaid SAI Corporation. This debt is now in default in the principal amount of $1,300,000.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | BLUEGATE CORPORATION |
| | | (signed) _________________________ |
| August 31, 2009 | | /s/ Charles E. Leibold |
| | | Charles E. Leibold, Director, |
| | | Principal Accounting Officer and |
| | | Chief Financial Officer |
