Universal Apparel and Textile Co. (DKGR)

[medchal]

Conflicts; food for thought:

From the "DRAKE MINING CORPORATION AND AFFILIATES CODE OF BUSINESS ETHICS AND CONDUCT":

"Conflicts of interest, potential conflicts of interest, and even the appearances of conflicts of interest must be avoided due to the potential for injury to Drake and its reputation."

From the "Initial Company Information and Disclosure Statement" (under "D. Disclosure of Conflicts of Interest.") filed with Pink Sheets:

"The Chairman, Clayton Smith and the President, John Marconette are controlling shareholders of the private company Southern Mining and Exploration (SME). Drake Gold Resources Inc. currently has a joint venture agreement with SME...."

"Board of Director Member John Cerenzia is a director of two Toronto listed gold mining companies, Simberi Gold and Kent exploration. It is possibly conceived that mining information...could put Mr. Cerenzia into a potential conflict of interest with his other vested interests."

It's a bit...uh...conflicting. Any thoughts?