PALR - if there's a CD, it's new since 6/30/03. There's nothing showing as of that date:
CURRENT LIABILITIES
Accounts Payable $ 1,050
Accrued Expenses 2,500
Due to officers 51,864
TOTAL CURRENT LIABILITIES 55,414
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TOTAL LIABILITIES 55,414
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Also, nothing showing under "subsequent events" from the 10Q.