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Raccoon survives massive electric shock
One lucky raccoon !
NICOSIA (Reuters) - A raccoon suffered an 11,000 volt electric shock when it scampered up a pylon in Cyprus but escaped with burns.
The nocturnal mammal triggered a two-hour power outage at the town of Aradippou in southeast Cyprus after it scaled the pylon. It was eventually captured with a net and has been impounded by vets as an illegal import.
"It suffered some burns which we treated and is now recovering ... it certainly has the will to live," Charalambos Kakoyiannis of the island's veterinary department said on Thursday.
Raccoons, a native of the Americas, were introduced to Europe last century but are alien to Cyprus and authorities said the animal, whose owner was unknown, was smuggled onto the island.
Maybe they could offer each shareholder on record, a week free stay at the resort and casino
I really enjoy how he keeps talking about the shareholders
I really enjoy how he keeps talking about the shareholders
this is from there web site
President's message to the shareholders
Dear friends,
Welcome aboard. You are now a part of James Monroe Capital Corporation. Hang on for the ride. For one reason or another, God has brought us together, and I believe that everything happens for a reason. As the servant of the company, it is my duty to benefit you to the utmost of my abilities. It is my duty to protect your investment as the steward of your money. I am not going to do a reverse stock split, and I will do everything in my power to help our company grow in every way. Watch our news updates closely. You are going to participate in buyouts, bargains, leveraged deals, new contracts, and profits not intended for the faint-of-heart.
Our team of deal-makers is experienced, aggressive, and shrewd. Our specialized team members have the strength of youth, the daring of the brave, and the wisdom of nearly 200 combined years leading in corporate America. Like a greyhound was meant to run, each of us were meant to do our part on earth. My part is to make your company grow. I disapprove of pump-and-dump schemes. If you want one of these—look elsewhere. This company is on fire. We are experiencing massive, steady, predictable growth that is real. Our deal-makers have grown their companies by at least twofold every year,… why would they stop now? My faith is in God and my faith is well founded. You will get a square deal if you stick with us.
Proudly,
Chris McGovern
President and CEO
Please watch the personal attacks, they will be deleted if they continue
Please watch the personal attacks
was reading the web site and saw this, hope by than its in Costa Rico and the share price is at .12
Annual Shareholder Meeting
Pending but not yet finalized. The pending meeting will either be within driving distance (Chicagoland) or somewhere warm and fun, such as near a company-owned timeshare resort development that has yet to be realized. The meeting will take place in the 4th quarter and all shareholders are invited.
Press Release Source: Modern Technology Corp
thank god they realized this mistake
/ CORRECTION -- Modern Technology Corp Releases Operational Guidance for Anticipated Spin-Off of H-NET Subsidiary and Stock Dividend
Monday May 15, 4:31 pm ET
OXFORD, MS--(MARKET WIRE)--May 15, 2006 -- In the news release, "Modern Technology Corp Releases Operational Guidance for Anticipated Spin-Off of H-NET Subsidiary and Stock Dividend," issued earlier today by Modern Technology Corp, we are advised by the company that the company's stock ticker should be (OTC BB:MODC.OB - News) rather than (OTC BB:MOTG.OB - News), as originally issued. Additionally, in the 6th paragraph, the company acronym should read "MODC," rather than "MOTG." Complete corrected text follows.
Modern Technology Corp Releases Operational Guidance for Anticipated Spin- Off of H-NET Subsidiary and Stock Dividend
OXFORD, MS -- 05/15/06 -- Modern Technology Corp (OTC BB:MODC.OB - News), a diversified technology development and acquisition company, announced today operational guidance for its planned spin-off of its H-NET subsidiary.
The planned spin-off of the H-NET subsidiary results in both ongoing revenue for Modern Technology as well as an equity distribution to all stockholders of Modern Technology Corp.
Modern Technology Corp anticipates receiving recurring income from H-NET in the form of the following forms of revenue: Management fees paid by H-NET to Modern for accounting and executive functions, License and royalty fees paid to Modern for continued use of the H-NET technology, support and development fees paid to Modern as part of transition of operations and development work to date, ongoing revenue sharing of future installations of H-NET technology, fees paid to Modern for marketing and distribution efforts through Modern's existing infrastructure and marketing platforms.
Modern stockholders will receive shares in the H-NET spin-off in proportion to their ownership in Modern Technology Corp and their ownership in Modern Technology Corp will not be affected.
Anthony Welch, Chairman, said: "Not only does our planned spin-off of H-NET provide an equity distribution to stockholders with strong growth potential, it also maintains revenue streams for Modern that have a minimal cost-basis and therefore extremely high margins. The H-NET spin-off therefore represents a potential source of strong positive free cash-flow. Our strategy for 2006 is: build revenue, achieve positive earnings, and increase stockholder equity with further planned acquisitions. The planned H-NET spin-off is congruent with these objectives."
About Modern Technology Corp
Modern Technology Corp, a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MODC improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. MODC also commercializes new technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to build shareholder value through a model of continuous growth. Web Address: http://www.moderntechnologycorp.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Company Contact:
Megan Peterson
1.662.236.5928
Modern Technology Corp
1420 North Lamar Blvd.
Oxford, MS 38655 USA
Phone: +1.662.236.5928
Fax: +1.662.236.7663
Web: http://www.moderntechnologycorp.com
--------------------------------------------------------------------------------
Source: Modern Technology Corp
Notification of inability to timely file Form 10-Q or 10-QSB
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000711422&owner=include&c...
I just realized that they didn't post this under there new symbol
MOTG: Modern Technology Corp Releases Operational Guidance for Anticipated Spin-Off of H-NET Subsidiary and Stock Dividend
Monday May 15, 8:44 am ET
OXFORD, MS--(MARKET WIRE)--May 15, 2006 -- Modern Technology Corp (OTC BB:MOTGE.OB - News), a diversified technology development and acquisition company, announced today operational guidance for its planned spin-off of its H-NET subsidiary.
The planned spin-off of the H-NET subsidiary results in both ongoing revenue for Modern Technology as well as an equity distribution to all stockholders of Modern Technology Corp.
Modern Technology Corp anticipates receiving recurring income from H-NET in the form of the following forms of revenue: Management fees paid by H-NET to Modern for accounting and executive functions, License and royalty fees paid to Modern for continued use of the H-NET technology, support and development fees paid to Modern as part of transition of operations and development work to date, ongoing revenue sharing of future installations of H-NET technology, fees paid to Modern for marketing and distribution efforts through Modern's existing infrastructure and marketing platforms.
Modern stockholders will receive shares in the H-NET spin-off in proportion to their ownership in Modern Technology Corp and their ownership in Modern Technology Corp will not be affected.
Anthony Welch, Chairman, said: "Not only does our planned spin-off of H-NET provide an equity distribution to stockholders with strong growth potential, it also maintains revenue streams for Modern that have a minimal cost-basis and therefore extremely high margins. The H-NET spin-off therefore represents a potential source of strong positive free cash-flow. Our strategy for 2006 is: build revenue, achieve positive earnings, and increase stockholder equity with further planned acquisitions. The planned H-NET spin-off is congruent with these objectives."
About Modern Technology Corp
Modern Technology Corp, a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MOTG improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. MOTG also commercializes new technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to build shareholder value through a model of continuous growth. Web Address: http://www.moderntechnologycorp.com
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TORBAY HOLDINGS INC - NT 10-Q (Filed: 15-05-2006)
notice 10Q filed late
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