China Food and Beverage Co (CHIF)

[Major Profits]

How does a company such as this go from having a bright future to become a shell in a decade or so? And then, the CEO, decides to go elsewhere and get involved in another ticker which is now promoting yet another brewery and "Premium" hemp beer? Anybody know? Or care? Well, if you DO care, please help me out here. Could this be the reason for the "downfall" of CHIF (to a shell)? Well, I must say it. The Tilton's were in charge. So was THAT the main reason? Just wondering. TIA

http://www.secinfo.com/dsDSs.5D1.htm

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
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For the three month ended June 30,2000, the Company sustained a loss of
$(1,966,331) or $0.33 per share (basic and diluted).

The Company's Chinese asset, which is a brewery, is subject to liens
which resulted in the borrowing of approximately $6 million, and the brewery had
tax liabilities to the Peoples' Republic of China in excess of $4 million.

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=4367513

Results of Operations:

We had no revenues as a result from business operations during the year ended 2005. The company has $132 in assets as cash. It continued to incur administrative and general expenses in the amount of $234, 580 for the year ended 2005, as opposed to $205,692 for the year ended 2004, of which $150,000 was for officer salaries. Net loss for the year ended 2005 was $233,833 and the basic loss per share was ($0.02). Net loss for the year ended 2004 was $204,775 and the basic loss per share was ($0.02).

Meanwhile, he and his wife were making $75,000 a year in salary. Nice.

SUMMARY COMPENSATION TABLE
Annual Compensation Long Term Compensation
-------------------------- ---------------------------------

Name and principal position Year Salary Bonus Compensation
------------------------------ ----- ------- --------------------------
James A. Tilton, President 2004 $75,000 $0
2005 $75,000 $0

Jane Zheng, Secretary 2004 $75,000 $0
2005 $75,000 $0

Wow.