Aluf Holdings Inc (AHIX)

[Slojab]

Shocking is putting it mildly.

http://www.otcmarkets.com/financialReportViewer?symbol=WAFR&id=109424

NOTE 12 – SUBSEQUENT EVENTS

Common Stock Issuances. Subsequent to June 30, 2013, the Company issued 12,000,000 restricted shares of its common stock to two consulting groups. These shares were issued for professional services provided to the Company in connection with investor relations services, business valuation services, and preparation and filing Form 10.
Financing Operations. From July 1, 2013 through August 9, 2013 the Company’s president and CFO advanced $7,000 to the Company for working capital.
On or about July 15, 2013 the Company received a copy of a Notice of Default regarding a Promissory Note and Guaranty dated January 23, 2013, entered into by its wholly owned subsidiary, Core Wafer Systems, Inc. (CWS) and Roger Goetz personally. The principal amount of the Note was $100,000 plus a “factoring fee” of 3% totaling $103,000 which was to be repaid on or before March 21, 2013. On July 25, 2013 the Company complied with the Notice of Default by providing copies of documents relevant to the merger and acquisition of CWS. On August 9, 2013, in a follow up telephone call to the Note holders’ attorney, the Company was informed that a formal complaint had been filed in the Third Judicial District Court of Southeast Minnesota, Case No. 81-CV-13-644 on or about July 30, 2013, and that on August 8, 2013 a Default Judgment was entered in the amount of $103,652.00.
On August 8, 2013, the Company discovered that a judgment had been entered against its wholly owned subsidiary, Core Wafer Systems, Inc. as a co-defendant along with Roger Goetz, De Radd & Goetz, LLC and WTOH Investors, LLC in a complaint filed on or about February 19, 2013 in the Third Judicial District Court of Southeast Minnesota, Case No. 81-CV-13-144. The Company had no prior knowledge of the filing of the Complaint nor the circumstances involving the circumstances which lead to the Complaint and subsequent judgment.

Also..... See NOTE 4 – NOTES PAYABLE

And...... NOTE 8 – RELATED PARTY TRANSACTIONS