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Re: None

Thursday, 08/31/2006 9:13:11 AM

Thursday, August 31, 2006 9:13:11 AM

Post# of 326388
I want to clarify some misinformation put out repeatedly yesterday.

1. On the LOCK UP issue. It was stated that no officers or directors can sell any stock until the debenture is settled. That is false. It states they cant sell any securities without the PERMISSION OF THE INVESTOR(CORNELL)

2. It was stated that the collateral is standard on any loan agreement such as this. Again false. The original agreement dated february was for 27 million in series c preferred. The lat 5 million of that 27 million was supposed to be executed by CORNELL after the shares were approved by the SEC. All they did is move that date up, requiring CORNELL exercise the additional 5 million now. So if the company assets werent required in the original agreement as collateral, why for the last 5 million portion of it do they all of a sudden become necessary. Also they are required to bring all stock(100 percent) to CORNELL for all companies and subsidies, with blank stock powers.

3. I didnt see anything in the modified agreement that states CORNELL can not sell shares. And at this time they have 50 million new warrants they can exercise at .05 a share and sell, and 65 million shares they can exerciseat .10 a share and sell. Thats 115 million shares below market value they can dump if they so choose.