Alpha Technologies Group Inc (AHAG)

[SSP]

It's even possible there's some cash settlement coming, you never know. Perhaps the lenders took more than 23 million, and some is owed back.

"The Company’s total indebtedness to the New Lenders was approximately $23 million. Discussions between the Company and the New Lenders to extend or refinance the Company’s existing credit agreement were unsuccessful. Pursuant to the Foreclosure Agreement, in accordance with the Uniform Commercial Code, the Company was released from all indebtedness to the New Lenders in exchange for the surrender of the Company’s collateral securing its obligations under the credit agreement. The collateral consisted principally of the capital stock of the Company’s subsidiaries, Wakefield, Specialty and Lockhart.

As a result of the Foreclosure Agreement, the Company has no remaining operations and a de minimus amount of cash."

"As a result of the Foreclosure Agreement entered into by the Company described in its Form 8-K filed on February 16, 2005, Alpha has advised that it has no remaining operations and a de minimus amount of cash. The Staff believes that the Company is not currently engaged in active business operations and is therefore a “public shell,”"