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Re: None

Wednesday, 01/03/2007 1:34:49 PM

Wednesday, January 03, 2007 1:34:49 PM

Post# of 15297
Ok.
I reviewed the financials and things don't look too out of wack.
Basically what I assumed.

Bad stuff.
- ability to continue as a going concern (pretty standard for these pinkies
- lots of debt. since the company was issuing shares for debt we know why there has been so much selling lately. My guess is these creditors got stock that they sold for quick cash.
-We have no idea how the preferred stock affects us, we don't know their conversion rights, voting power, anything. If someone could find out, this would be huge.

Good stuff.
- wow. look at the low float.
- wow. look at the low float.
- wow. we just bought another company with horrible credit and no money. We must have something promising that these sellers are seeing.
-lots of possible new contracts
-lots of interest on the boards today.

This one will slowly move upward.
Good Luck