Dynamic Aerospace Converts CEO/COO Advances Into $340K+ of Secured Insider Debt Due by Year-End
BRQL sits 95% above its 52-week low of $0.128 on light trading volume (0.1× avg).
Summary
Dynamic Aerospace converted about $340,000 of CEO and COO advances and personal credit-card charges into secured insider debt at 18%-29.99% interest, all due by December 31, 2026 or the uplisting payment date. The COO's loan also claims 15% of any future capital-raise proceeds.
Key Events · Financing and Capital Events · BRQL
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Insider Debt Formalized
CEO Kent Wilson and COO/director Jeffrey Hail converted prior advances and personal credit-card charges into subordinated secured notes and revolvers: Hail note $35,581.67 at 18%, Hail revolver opening balance $105,452.71 at 29.99%, Wilson revolver opening balance $49,977.58 at 29.99%.
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Hail Loan Restated at $128,171
The amended and restated short-term loan consolidates $135,000 of advances into $128,171.06 outstanding and requires 15% of gross proceeds from any capital raise to be applied to repayment.
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All Insider Debt Due by Year-End
Every agreement matures on the earlier of December 31, 2026 or the uplisting payment date, so repayment hinges on a future public offering or listing.
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Junior Lien, Senior Lender First
The insider debt is secured by company assets but subordinated to Platinum Point Capital, and Hail and Wilson waived defaults on the missed original maturities.
Analysis · BRQL · Manufacturing
With only $7,605 of cash reported at the last 10-Q and a going-concern warning outstanding, the company is being kept alive by its own executives. Kent Wilson and Jeffrey Hail formalized roughly $340,000 of prior advances and personal credit-card spending into secured notes and revolvers carrying 18% to 29.99% interest, all maturing on the earlier of December 31, 2026 or the uplisting payment date. That maturity date is the real story: repayment is tied to a future public offering, and the Hail loan requires 15% of any capital-raise proceeds to go to him first. Because the debt is subordinated to Platinum Point Capital and secured by company assets, common holders sit behind both lenders. The CFO's raise to $200,000 is minor by comparison, and the offer letter itself notes salary accrues unpaid when cash is short.
How filings like this one have moved
In the 30 days to Oct 25, 2026, 36.9% of the 952 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.78%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BRQL was trading at $0.25 on OTC in the Manufacturing sector, with a market capitalization of approximately $12M. The 52-week trading range was $0.13 to $1.38. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.