O.K. folks, I have a little information to share.....I spoke to Liz this morning and had a real nice chat. She explained to me that as they were a tiny business, the filings began to catch up to them and got more and more expensive, so their account suggested that they not report anymore, thus the lack of filings for 10 years. She told me they were approached by Tony in May about buying the shell. They agreed to the deal as they no longer wanted to be a public company, so they did what is call an asset exchange agreement in where they relinquished their controlling interest, roughly 137 million of their shares to make the deal happen. I asked here if she had any idea why the OTC markets had not removed the stop sign and she had no idea. I then asked her if she knew how to get in touch with Tony and asked her if she could have Tony call me or give me his number. She had Tony's number and was o.k. with giving it to me. As Tony lives in San Diego, I did not want to call until it was 9:00 west coast time, 12:00 my time. He did not answer but I received a text that said he could not talk at the moment. I went on to text him if he could answer a question I had. I asked why the OTC stop sign has not been removed and he replied within minutes stating that the deal was done and he was just the custodian of the deal and could not answer the question. He furthered his reply stating, that when he was involved with OTC, once the owner paid the fees to OTC markets and the filings were up to date, then the stop sign would be removed, and his experience with OTC markets was that it took roughly 15 days for them to remove it. I thanked him for answering my question and thought the board would like to know. So with OTC updating the O/S today, the new owner of the shell has probably paid the fees and the stop sign removal is right around the corner. Probably explains why the MMs they tried to tank the price today, knowing full well we would be current before end of the week.
PokerStar
