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From the FORM 10KSB for Year Ending 12/31/2006

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malp2009   Thursday, 03/21/19 03:02:08 PM
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From the FORM 10KSB for Year Ending 12/31/2006

From page 33 of 61 – page F-11

6. Stockholders’ Equity (continued)

In July 2006, the Company instructed the Grantor Trust to make a distribution to holders of the Company’s common stock on a pro rata basis as of August 3, 2006, in an aggregate amount equal to 50% of the funds representing 53% of the FPFG Intercompany Claim previously assigned to the Grantor Trust of funds received, after reserves and expenses incurred on behalf of the trust, by the Grantor Trust from the registry of the court in the Grantor Trust Lawsuit in accordance with the Company’s Settlement Agreement with Danford L. Martin, individually, on behalf of the FPFX Shareholder Value Committee and the FPFX Steering Committee and as attorney-in-fact for all of the Petitioners in the Election Suit (as defined therein). The Company distributed $3,618,864. The Company has determined that the distribution was a return of capital since the Company did not have any current or accumulated earnings and profits.


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