MAGAA .OB - MAGNA LAB INC
American Stock Transfer & Trust Company, New York, NY 10038 Magna-Lab Inc. and Subsidiary (the "Company") is focused on engaging in a "reverse merger" transaction with an unrelated business that would benefit from the Company's public reporting status. Additional activities have included preserving cash, making settlements with creditors, attempting to raise capital and continuing its public reporting.
Plan of Operations and Liquidity
Our plan of operations for the coming twelve months is to pursue our "reverse merger"
strategy and to continue to take actions to preserve our cash and public reporting to the extent possible and to raise capital, which is needed. We do not have the cash resources to continue our plan for the coming twelve months, even at our reduced compensation and expenditure levels. As such, we may have to take further measures or cease activities altogether, including possibly terminating our public reporting status.
Company SEC filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=895464&owner=include
6800 Jericho Turnpike
Syosset, NY 11791
Phone: (516) 393 5874
Primary State of Incorporation: New York
Country of Incorporation: USA
Lawrence A. Minkoff, President; Kenneth C. Riscica, Secretary
Lawrence A. Minkoff, Chairman, President and Chief Scientific Officer (Principal Executive Officer)
Kenneth C. Riscica, Treasurer and Secretary (Principal Financial and Accounting Officer)