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Re: dread50above post# 11048

Monday, 03/19/2007 3:39:12 PM

Monday, March 19, 2007 3:39:12 PM

Post# of 35337
Below is from the filing and what a recent poster desrcibed as being insignificant....merely a "pimple"......

"As the result of the Appellate Court’s decision, the company is entitled to rescind the issuance of 40,000 shares of common stock and 245,000 common stock warrants to the management consulting firm. In addition, the company is no longer obligated to honor the approximately 511,200 common stock warrants registered to the management consulting firm during the pendency of the dispute. Finally, the company will no longer be required to maintain a $250,000 escrow with the Monroe County Treasurer."

I wonder if the CXO gang were counting on those shares to pay their legal bills....?


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