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Alias Born 08/26/2005

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Thursday, 10/18/2012 3:58:07 PM

Thursday, October 18, 2012 3:58:07 PM

Post# of 6237
From annual report 2004

In March 2005 we entered into agreement to settle a class action lawsuit brought by former shareholder. To settle we will issue 1,150,000 shares and pay up to $55000 in legal fees.
The law suit alleged that former CEO Dan Williams and CFO Andrew Wilson made material misstatements about our financial results. That the company over stated revenue and income, prematurely recognized revenue from contacts with Edge and Energy 2000. That the company lacked adequate internal controls and was unable to give a true financial condition of the company.

We never got our shares and it was listed in other year end reports. I had asked about it here before and no one responded. Odd about a week ago I was thinking about this and then the stock came in the mail.
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