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Why Solar Panels Are Greatly Profitable?The beauty about the solar industry is that we are relying on a source of energy that is providing us more energy than our planet even needs. Our current objectives and mission are being able to effectively utilize this energy and to have it replace many forms of expensive, inefficient, and harmful electricity generating methods.What I love about the solar industry, and why I decided to devote my life to helping grow my company is because it’s a ‘win-win’ for everyone. No one loses. And with the countless amounts of benefit’s, it seems hard to believe how it wouldn’t be a profitable investment for anyone.Below I have listed them in terms of consumers, businesses, and our planet.Consumer Profitability:Electricity Costs: Depending on where you currently live will determine how much solar energy you will receive and how much it can reduce your energy costs. The most widely known and promoted solar program currently available is called “Net-Metering” whereby you install enough solar panels to reduce your energy costs to net $0. The cost of the system per month is always less than your current monthly hydro so you are never paying more per month (No-Cost Solar Program).Monthly Revenue: Although not offered everywhere, some countries and cities offer the ability for property owners to generate monthly income based on the energy they produce. This is known as microFIT (Under 10kW) or FIT (Over 10kW). Sometimes government programs offer both Net-metering and FIT which reduce your electricity costs and generate your revenue based on the excess energy produced. A lot of countries are installing solar farms because of the amount of revenue they can produce for themselves.Properties Value: Now this will greatly depend on your areas economic position, size of the solar system, and current demand for solar in your area. But normally both residential & commercial property owners can increase the value of their business by 11-25% just by installing solar panels. The reason for this is because you are locked in a fixed electricity rate and no longer must pay for increasing electricity costs.Tax Benefits & Government Rebates: Depending on where you live the Government is helping reduce the cost of the system either through rebates or through tax credits. For example, in Florida you receive a 30% Federal tax refund, and in Manitoba you receive a $1 back for every watt you install on your property.Mortgage & Insurance Benefits: Also depends on where you currently live but Mortgage or Housing Corporations will often offer premium refunds or interest rate reductions by installing energy products such as solar in your home.Business Profitability:Manufacturers: Manufacturing companies are profiting the most when it comes to the solar industry, especially the biggest leaders like Jinko and Canadian Solar. China seems to be providing the most cost effective and energy efficient solar panels so far and are selling their panels at wholesale prices to energy companies all around the world.Energy Companies: Energy companies that are involved with installing solar panels on residential, or commercial properties can either produce income from their local utility or help power cities through large solar generators.Solar Installers: Also an economic advantage for providing more job opportunities in the renewable energy sector. Companies who create agencies that outsource solar installers to other energy companies profit greatly.Research & Development: Universities & energy companies are spending millions all together to produce more energy efficient and cost effective solar panels in which they can sell these patents to suppliers & manufacturers through a licensing agreement. Generally, these companies profit through a royalty stream.Economic & Environmental Profitability:Economic Value: The economic value of solar is extremely large particularly since it provides so many new job opportunities, and helps everyone’s financial situation (saves everyone money, and increases their properties value).Environmental Aspect: The more we lean towards clean energy methods the more our environment benefits from it. This means less reasons to spend on expensive electricity generating methods and less expenses towards cleaning up harmful chemicals in our environment.Energy Replacement: Because we are moving away from expensive, and harmful electricity producing methods everyone not only pays less for electricity but the actual production of electricity is far less as well.If you would like to learn more follow me here!

This is where they have their Corporate Center:3160 NW 1st Avenue Pompano Beach, Florida 33169 Tel 786 235 9026 but they don’t answer their phone so you have to leave them a message.The Investor Contact is listed as:Patrick Greenish, presidentTel 786 235 [email protected] Statement Pursuant to the Pink Basic Disclosure GuidelinesLudwig Enterprises, Inc. A Nevada Corporation 1702 “A” Street #C-350 Sparks, Nevada 89431786-235-9026Ludwigent :: Home [email protected] 6162 End Third Quarter 2019 Report For the Period Ending:September 30, 2019 (the “Reporting Period”) [1]The Old History of its Financial Highlights[2]- The company was organized in 1988.- Became a public company in 2006- For the past 3 years has been fundedby an Angel Investor- Was issued a Patent in 2009 for itsrevolutionary Transmission Method- Has Authorized 75,000,000 CommonShares – Issued 74,420,999- The Float is 7,394,398 shares- Company has 554 shareholdersThe above data is not current, nor is it accurate so why doesn’t the SEC make sure that investors are protected by the current information and require the company to update its pubic web pages and data?From their old data:“Ludwig Enterprises, Inc.[3] is a revolutionary broadcasting company, offering programming that caters to a rapidly growing, multi-cultural market. They bridge the generations from hip youth culture forging new expressions of Americana to their grandparents who are the custodians of great worldwide traditions. These markets are largely excluded from today’s commercial broadcasters. Ludwig Enterprises is helping to move analogue radio into the digital age, harmonizing all ages and cultures as they add to America’s rich treasure of diversity.Ludwig Enterprises, Inc. is launching the first nationwide World radio network in the U.S. that really is for US! The One™ radio is bringing HD quality digital audio to a vast audience of diverse ages and origins, whose interests go unsatisfied by today’s domestic programming. The One™ radio is reaching out to a $1.5 trillion marketplace, and an audience which is almost completely ignored. The segment of listeners born abroad is over 30 million alone, which invites new for exciting programming and a new frontier for advertisers.Many listeners miss the classic the radio programs of the past, and just as radio played a vital role as a touchtone for American culture throughout the last century, so to The One™ radio is designed to be a centerpiece around which other cultures can unify and feel as much at home in the United States as they did in the countries they came from.It is estimated that 1 in 5 Americans are 55 and over. That means 70 million potential listeners are not able to enjoy the programming they love due to the homogenized formats that even satellite and internet radio offer. As listeners enter their golden years, radio plays an ever increasing role in ones window to the world and an important link to news and entertainment, especially if other areas of their lives become more limited. The One™ radio’s programming is designed to serve this, ever growing, abundant marketplace as well as providing youth culture with a vital link to its heritage.Ludwig Enterprises, Inc.[4] has developed a patented new radio that receives signals from the new Digital Television format (ATSC also known as HD-TV). The One™ radio offers 50 channels of diverse, HD quality, digital programming…Filipino, Pakistani, Hebrew, Chinese, Greek, Russian and many more, in addition to great English programming, old time radio shows, news 24 hours a day, audio books, educational and religious programming, as well as music ranging from Techno to Classical.The One™ radio receiver, developed by Ludwig Enterprises, Inc., is mobile, handheld and compatible with most docking stations, for your home, in the car or on the go.The One™ radio utilizes social networking capabilities to link advertisers and listeners via a unique technology that lets the advertiser know exact demographic / statistical data within 96 hours of playing a commercial in each of Ludwig’s 50 primarily markets, offering advertisers virtually real-time feedback for maximum market penetration. The privacy of the listener is protected as well because the regional data collected is not specific to the individual.INTELLECTUAL PROPERTYThe One™ radio’s unique patented technology utilizes a “carousel” that interleaves information streams in a repeating pattern for inclusion into a digital video broadcast (Digital TV: also known as HD TV), allowing Ludwig’s data carousel to deliver multiple dynamic digital audio programs, not just one.COMPETITIONThe nearest competitor to The One™ radio is Sirius/XM radio. There is very little overlap in our target audience since The One™ radio is reaching out to new markets that they do not serve, catering to expanding multicultural, 55 plus and emerging youth markets, with an emphasis on family unity.For legal reasons The One™ radio, like Sirius/XM, is considered a subscription based service. The similarities STOP there. Unlike Sirius/XM Ludwig does not charge a monthly fee. A small one-time subscription fee is charged upon activation and the unit itself is included free of charge. This is the benefit of utilizing existing terrestrial data transmission infrastructure rather than more costly satellite transmission, as well as Ludwig’s main source of revenue being derived from advertising and the sale of syndication time.”None of the above information is currently accurate, currently relevant or appropriate to the company.[5]The following information is from a press release which appears to have been syndicated on the financial news networks on December 19,2019:Ludwig Enterprises Inc., Acquires Direct Mortgage Investors Inc.[6]SPARKS, NV / ACCESSWIRE / December 19, 2019 / Ludwig Enterprises Inc., (OTC PINK:LUDG) Board of Directors is pleased to announce the positive consolidation efforts of Direct Mortgage Investors Inc. (Direct) and the Ludwig team. This is the first of several acquisitions that will allow the company to execute its business plan to roll-up mortgage companies and financial services companies related to the mortgage industry.Direct Mortgage Investors' management team has worked very hard to transition the daily tasks of the mortgage operation under LUDG. This transition has been deemed successful to date. Direct Mortgage Investors Inc[7]., is now a wholly owned subsidiary of Ludwig Enterprises Inc.Based in Chicago IL, Direct is a mortgage broker that was formed via multiple brokers and offices coming together in 2017. Direct is licensed in 14 states. The firm has approximately 80 loan officers in multiple offices in Illinois, Michigan and Florida. The principles of Direct, on average, have more than twenty years of experience in the mortgage business.During the 2018 fiscal year, Direct did $2.4 million in revenue and a little more than $100,000 in profit. For the first nine month of the 2019 year, Direct reported $3.99 million in revenue and $95,000 in net income. The acquisition of Direct is envisioned to be a positive transaction for the shareholders of Ludwig.Contact:Jean CherubinCEOLudwig Enterprises, Inc.[8][email protected]: Ludwig Enterprises Inc.But if you email or phone either contact listed in this answer, you get no response.Further Due Diligence from the most available SEC filings[9] doesn’t provide much more evidence of this company being anything but a shell company nor a fully going concern at the moment: Official site of OTCQX, OTCQB and Pink MarketsTHE COMPANY HAS TOO MANY NOTES TO ITS FILINGS WITH http://PINKSHEETS.COMLUDWIG ENTERPRISES, INC. CONSOLIDATED(A Development Stage Company)NOTES SEPTEMBER 30, 2019NOTE A – 1988 ‐Ludwig Enterprises was incorporated and issued 1,000 common shares at $1.00 per share.NOTE B – February 8, 2006 ‐ Ludwig Enterprises, Inc. a Nevada corporation was formed and capitalized at 75,000,000 authorized shares with 1,000 shares issued.NOTE C – March 28, 2006 ‐ Ludwig Enterprises, Inc. of Kentucky merged with its wholly owned Nevada subsidiary, the subsidiary survived and becoming the parent. The Kentucky corporation was dissolved.NOTE D ‐ March 28, 2006 ‐ Immediately following Ludwig Enterprise, Inc. of Kentucky’s merger into its Nevada subsidiary the company issued a 60,000 to 1 reverse split changing the issued shares from 1,000 common shares to 60,000,000 common shares.NOTE E – 1988 to February 25, 2007 ‐ the Company had 544 shareholders. February 25, 2007 five (5) additional shareholders were added to the shareholder list for a total of 549 total shareholders of record.NOTE F ‐ February 25, 2007 ‐ the company issued a total of 825,000 restricted shares to five individuals for services rendered.NOTE G – September 30, 2009 7,500,000 treasury shares were sold at $.01 per share.NOTE H ‐ May 1, 2009 MDI Corporate Actions at Nasdaq approved issuers request for a 100:1 reverse split. The split was effective this date. Issuer’s trading symbol was changed to LUDG with CUSIP number 54973P 20 3NOTE I – September 30, 2009 the company issued 7,500,000 restricted common shares from Treasury to retire a debt owing to Worthington Financial Services, Inc. in the amount of $75,000. Each share was exchanged at the rate of $0.01 per share.NOTE J ‐ September 30, 2009 September 30, 2009 the issuance of the shares below to retire debt triggered non‐dilution protection on 546,650 common shares. This action required the total issued share distribution to be increased to 74,421,000.NOTE K ‐ April 28, 2010 The Board of Directors of Issuer and New World Global, Inc. entered into a “debt for equity exchange” of $20,000.00 for 20,000,000 restricted common shares of Issuer. This action triggered Non dilution rights of Issuer’s largest shareholder, Worthington Financial, Inc. resulting in 77,636,612 additional shares being issued to Worthington. Additionally, other shareholders with Non‐Dilution rights received 99,196,785 shares. A total of 196,833,397 new common shares being issued.NOTE L ‐ June 21, 2011 Ludwig Enterprises, Inc. Board of Directors announces a Reverse Stock Split of one hundred to one (100:1) for is sole class of stock. The Board of Directors met (06/20/2011) and voted to recommend the action. A special shareholders meeting was held (06/20/2011) consisting of shareholders holding in excess of 50%+ of the company's stock, the action was voted on and approved with the effective date to be July 5th 2011 at 12:01 AM. The Reverse Split is proportional. No rights of any shareholder will be altered or diminished. All fractional shares resulting from the split will be rounded up to the nearest whole number. This action will result in a decrease of the issued number of shares from 271,254,396 to approximately 2,713,108 common shares.NOTE M ‐ July 5, 2011 Board of Directors voted unanimously to exchange $62,500.00 of debt for common shares at par value. This action triggered non‐dilution rights on 223,046,752 (pre split) shares due to lock‐up leak‐out agreements. July 6, 2011 was the effective date of reverse split.NOTE N – January 5, 2012 Issuer’s $73,500 Line of Credit was cancelled. Issuer was subsequently able to acquire up to $25,000 of short term funding from an alternate source to meet day‐to‐day expenses that tend to accelerate during the 1st Quarter of each year. It is Issuer’s position, as soon as possible, to convert the short‐term obligation into a long‐term instrument.NOTE 0 ‐ March 5, 2012 Board of Directors and a majority of the shareholders voted and affirmed a 350:1 reverse split. Future balance sheets will be adjusted to reflect a modification to the number of issued shares.NOTE P ‐ April 26, 2012 Debt for Equity Exchange $20,000 for 2,000,000 common shares. This action triggered certain non‐dilution rights.NOTE Q ‐June 29, 2012 Worthington Financial Services, Inc. and Issuer terminated their join Lock‐up/Leak‐ out agreement with non‐dilution protection.Note R ‐ June 29, 2012 Worthington Financial Services, Inc. exchanged $100,000 of debt owed to it for Ludwig common shares at par being equal to 100,000,000 common shares.Note S – May 2, 2014 Patron Corp. acquired Issuer’s Notes Payable from Worthington Financial, Inc.Note T – May 2, 2014 Patron Corp. purchased the portion of issuer held patent(s) / intellectual properties not owned by others for the sum of $150,000. This amount being the book value of patents at $14,785 plus $135,215 in excess of book. This amount being retired from debt held by Patron Corp. on the balance sheet of Issuer.Note U‐ December 16, 2016 the Board of Directors cancelled and rescinded a June 29, 2012 board resolution to reserve 35,000,000 common shares and or options for said shares. No shares or options had been issued.Note V ‐ Updates 2019:March 22, 2019 The company announced its hire of Cortil Duane Roberts as its new vice president in charge of acquisitions.April 2, 2019 The company executed a purchase agreement for Direct Mortgage Investors, Inc. Issuer executed a purchase agreement for Direct Mortgage Investors, Inc. subject to closing.May 31, 2019 Board of Directors Meeting approved a 2019 Equity Incentive Plan to distribute to current and future employees, officers, directors up to 12,000,000 common shares of the company. Shares authorization rights will be held in an Incentive Plan Trust to be disbursed by the company’s CEO in such amount and time as he directs. The company further authorized issuance of 32,200,000 shares to be used for acquisitions.May 1, 2019 The company and Direct Mortgage Investors, Inc. executed an extension for closing.May 31, 2019 Board of Directors Meeting approved a 2019 Equity Incentive Plan to distribute to current and future employees, officers, directors up to 40,000,000 common shares of the company. The shares will be issued and held in an Incentive Plan Trust to be disbursed by the company’s CEO in such amount and time as he directs. The company further authorized issuance of 30,000,000 shares to be used for acquisitions.June 12, 2019 Board of Directors approved an amendment to the acquisition agreement of Direct Mortgage Investors, Inc. June 20, 2019 Issuer acquired Direct Mortgage Investors, Inc.June 23, 2019 Issuer acquired Direct Mortgage Investors, Inc. as a 100% owned subsidiary for 32 million common shares of issuer.On or about September 9, 2019 Issuer entered into five short term convertible notes for a total of $55,000 due February 9, 2020 at an interest rate of 15% per annum.The notes are convertible into 100,000 common shares for each $1,000 of principle.Basis of Accounting The Corporation’s policy is to prepare its financial statements on the accrual basis of accounting in accordance with principles generally accepted in the United States of America. Financial StatementsThe financial statements and notes are representations of the Corporation’s management who is responsible for their integrity and objectivity. The accounting policies conform to the basis of accounting defined above and have been consistently applied in the preparation of the financial statements.Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.Property and Equipment The Company owns no real property or equipment.Personal property items (equipment and furniture) acquired by the Company are or will be recorded at cost. The property will be depreciated over its estimated useful life using the straight‐line method with and estimated zero salvage value.Intangible Assets The company holds certain license rights for the use of technology formerly held by Compress Technologies, Inc.’s (CTI) technologies those rights have been transferred to Thomas E. Terwilliger. Ludwig paid no cash for these rights. Ludwig and CTI exchanged a right to use of CTI’s technology for a Ludwig technology currently being developed.OTC Markets Group Inc. OTC Pink Basic Disclosure Guidelines (v2.0 February 2019) Page 22 of 22 NOTE K – Current Liabilities Contingent and Conditional Current liabilities include the following: Issuer has in the 3rd Quarter of 2019 entered into $55,000 of short term convertible notes.Line of Credit The company entered into an agreement for a Cash Access Account in the amount of $25,000. $20,357.95 of the Credit Line was expended during the 1st Quarter 2012. $4,642.05 remains available for operations. The line of credit is collateralized by future revenues of the. The interest rate is 15% annualized on funds withdrawn from the credit line. $20,000 of the $25,000 of borrowed funds has been converted to common stock in a debt for equity exchange.Sufficient Cash for Operations Issuer has $204,427 of cash or cash equivalents available. Based upon the current rate of consumption issuer could be able to operate at its current size for the next fiscal year without need for additional funding. Additional funds may be sought for future acquisitions.Patents May 2, 2014 Patron Corp. purchased the portion of issuer held patent(s) / intellectual properties not owned by others for the sum of $150,000. This amount being the book value of patents at $14,785 plus $135,215 in excess of book. This amount being retired from debt held by Patron Corp. on the balance sheet of Issuer. April 25, 2012 U.S. Patent and Trademark Office awarded Ludwig Enterprises patent # 8,166,190 Method and system for multiple data channel transfer using a single data stream. See Note T above. July 15, 2009 filings were sent to the US Patent and Trademark Office as required. The company filed US Provisional Application Serial Number 61/134/920 on July 15, 2008 regarding its proprietary technology.END OF NOTESTransfer Agent Name: Standard Registrar & Transfer Company, Inc. Phone: 801-571-8844 Email: [email protected]“As of January 1, 2019 the number of shares outstanding of our Common Stock was: 303,191,762 As of September 30, 2019, the number of shares outstanding of our Common Stock was: 335,391,762” [10]2006 Year Established Loans Funded $400m 70+ Loan OfficersLicensed in 12 States[11]View source version on Industry-Leading Flat-fee Press Release Service:Ludwig Enterprises Inc., Acquires Direct Mortgage Investors Inc.Latest Report09/30/2019 Quarterly ReportFiscal Year End12/31COMPANY OFFICERS & CONTACTSJean CherubinPresident, CEOThomas TerwilligerExecutive AssistantCOMPANY DIRECTORSJean CherubinChairman, President, CEOSERVICE PROVIDERSAccounting/Auditing FirmRonald La Duke, CPA3160 NW 1 AvenueSuite 3 Pompano Beach, FL 33064Securities Counsel Yates Law Firm8704 Zachary Circle Suite 3Louisville, KY 40214502-797-6861CONTACT THEM [email protected] [email protected] www.mtg101.comOak Lawn, IL Plantation, FL United StatesPhone:1-855-456-9782Phone: 954-919-1210Fax-Ph: +1 (800) 437-1490Securities Counsel Name: Frank Yates, Esq. Firm: Yates Law Firm Address 1: 202 Pheasant Ave., Ste 101 Address 2: Fairdale, Ky., 40118 Phone: 502-797-6861 Email: [email protected] or Auditor Name: Jean Cherubin Firm: Jean Cherubin Address 1: 3160 NW 1 Avenue Address 2: Pompano Beach, Florida Phone: 954-317-3355 Email: [email protected] Relations Consultant Pending News!Full Disclosures: Alex S. Gabor[12] at the time of this writing owns no shares directly or indirectly in this company mentioned in this answer.Footnotes[1] https://backend.otcmarkets.com/otcapi/company/financial-report/235378/content[2] Ludwigent :: Home[3] Direct Mortgage Investors, Inc.[4] Direct Mortgage Investors Inc.[5] Ludwig Enterprises Inc. LUDG Board[6] Ludwig Enterprises Inc., Acquires Direct Mortgage Investors Inc.[7] Direct Mortgage Investors, Inc.[8] Direct Mortgage Investors Inc.[9] https://backend.otcmarkets.com/otcapi/company/financial-report/235378/content[10] https://backend.otcmarkets.com/otcapi/company/financial-report/235378/content[11] HOME | Dmidmi[12] Alex S. Gabor

Nobody in the general public knows the answers to either of these questions. There are several investigations going on which could lead to some answers to them - but those answers may or may not be accurate. Dealings with Russian plutocrats may well be shrouded in Russian secrecy.I have asked a simple question on Quora, which I thought might shed some light on these matters, and was told, rather brusquely I thought, that I obviously had no idea about real estate development. What I asked was: What Security interests, mortgages and lien do the public records in New York show affecting Trump properties in New York ? I would still be curious to know, but I am not in New York, so I am not able to look at the public records myself.You know, in almost any real estate transaction involving credit, and intended to be legally enforceable, there is usually some evidence of the debt. Say, a promissory note or several; or some other form of written agreement. And to secure the debt, you would expect to find some form of security agreement, say a mortgage, or a lock-box agreement or some form of trust agreement. And to affect third parties, in most states the security agreement should be recorded in public records, at least in the main places where the object of the security interest is located.Hence my question - what do the public records in New York, and in New Jersey and Florida show about security agreements, or interests, affecting Trump properties.Of course, there can be other methods of enforcing payment of a debt, and given that we may be dealing with a rather rough crowd, those methods could be rather rough, too. Rather like dealing with loan sharks but on a greater scale. Or the threat of disclosing something the debtor might want kept secret - some form of blackmail. I do wonder about this possibility.Or considering the creditors may be politically active and connected types, there is the other possibility of some performance by the debtor other than payment might be contemplated: say, some lifting of sanctions or some inter-governmental agreement or some degree of looking the other way when the creditor does something. Or some agreement about trade, where the debtor buys, or causes to be bought, something from the creditor at a premium price, or sells something at a substantial discount.As to the question about debt, there are two parts to any reasonable answer.First parts: Does Trump himself personally owe any money to Russian creditors ? Does the Trump Organization or any of its parts owe any money to Russian creditors ?Second parts: What amount, and what portion, of the Trump Organization, including its parts, equity structure is owned by Russians ? As the article attached to this posted question says, in one development branded Trump, Trump received 18% of the equity for the use of his name. So - who owns the other 82% ?I would doubt that Trump is personally obligated on any debts to Russians - so far as lawful enforcement of the debt goes. I would certainly think that the Trump Organization, or some parts of it, are obligated on the debts owed to Russian creditors.As mentioned earlier though, the question of lawful enforcement of debts may not be the extent of Trump's personal obligations to his Russian creditors - there are extra-legal methods of collection. For a rough bunch of creditors, those methods could include kidnapping of the debtor or the debtor's family, or physical harm to the debtor. For Trump's Russian creditors, it may be worth keeping in mind the collection methods of organized crime loan-sharks. Trump may well be familiar with these methods, given his association with Roy Cohn and Cohn's clientele.As to Russian creditors, I do wonder about Deutsche Bank's loans to Trump Organization entities. Perhaps Deutsche Bank took knowledge of the US banks' supposed dis-interest in lending money to Trump, and made a similar decision to not loan any of its money to him. Perhaps Deutsche Bank began financing Trump activity by acting as a broker or intermediary for persons unknown and Trump - receiving money from someone else for the purpose of lending that money to Trump.I have read of similar arrangements, where Party X is willing to lend money to Party Y, but does not wish that loan to be tied to Party X. So Party X contacts with a bank to deal with the loan, making the loan documents and servicing the loan as if it was made by the bank, but Party X provides the funding to the bank for the loan. The documents for the loan, or those documents which can be made known about the loan, will look like the bank has made the loan, but the bank has not put any of its own money at risk. That is, the documents about the loan, any security agreements, and the loan servicing, would all look like the transaction was between Party Y and the Bank. There would be another set of documents, though, which show the relation between the bank and Party X - but these would not appear in any ordinarily discloseable form.This brings up the second part of the questions about debt. What I note about Trump Jr's remark about Russian over-presence in Trump's capital structure is that he does not refer to debt financing - so he may be referring to Russian equity participation.In a garden variety corporation, equity investment (or participation) would be ownership of common stock. I note that one example is Trump receiving 18% of the equity in some venture in return for his branding the venture as a Trump one.So I would wonder who owns the other 82% of the equity ? I do wonder just who the corporate records of the various Trump Organization enterprises show as owners of stock, either preferred or common. If those reported owners are other corporations or entities, which are themselves sham or paper entities, that would suggest some nefarious activity. Remember, that a sham compsany was how Cohen structured the hush money payment to Stormy Daniels. Perhaps the principals in such sham entities are Russians, who may well not want their participation known, even or especially to other Russians.