IAHL Corporation (IAHL)

[binzur]

jean; I did state that and stand by it. In my discussion with Ed Hayter the shares should have been reduced per the PR and he was going to find out why they were not! They did raise them December 13 and as was explained to me Ed was advised that with the 506 filed he needed to have enough A/S to cover that filing. Again that is how it was explained to me by Ed. That is not fraud and sounded like a paperwork problem or communication problem with his lawyer. Again that is how it was explained to me!

The PR detailing that the spin off was approved by the board dated December 18, 2006 stated;
"The first action that was approved was the spin/sell off of the company's restaurants and its holdings in its food service businesses, the value of the transaction is expected to be a minimum of $4,500,000 or as high as $5,000,000 dollars with a dividend to be paid to common shareholders in the form of either cash/stock or both. The dividend will be paid to shareholders only and exclude all officers and directors of the company. The company expects the transaction to be ready to close within Thirty (30) days, at that time the company will announce the payment/dividend structure and provide the name and symbol of the new company."

So I don't see you point raising the second item because the PR here clearly answers that!