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Squeegee_1

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Squeegee_1

Re: midas98 post# 509

Wednesday, 07/12/2006 4:58:20 PM

Wednesday, July 12, 2006 4:58:20 PM

Post# of 5932
I don't know the answer and Dan would be the best person to ask that question to.

Taking a stab at it, I will guess that part of the private placement proceeds went to pay for our filing to the OTCBB. That is typically a standard use of pre-ipo money.

You can bet the SEC would have stopped them dead in in thier tracks if the IRS had a lein on thier assets! Must have been situated.


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