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Re: stanu78 post# 3

Wednesday, 05/24/2006 8:20:34 PM

Wednesday, May 24, 2006 8:20:34 PM

Post# of 12
Stanu, the company claims it stopped filing because of the large costs in doing so. That is true, but in the long run, they will need to begin filing again to recoup shareowner value.

The company needs to survive right now.... if it does that, we'll be cool. If not, well, I guess it really doesn't matter then.

The company just issued their last annual report which the company was kind enough to mail to me. They had a bad year last year, and I think the net shareholders' equity is about 1.4 Mill. Naturally, I think there is value in the shell and some other assets, but, will they survive? Who knows.

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