The one thing that I picked out is that I don't think we are a clean shell.
The first part of the 8k was about a note with CSI - not Cornell.
"On December 6, 2007, Nexus Nano Electronics, Inc., a Nevada corporation (f/k/a Sagamore Holdings, Inc., the Florida corporation and hereinafter, the "Company") issued a secured convertible promissory note (the "New Note") to CSI Business Finance, Inc." . . . .
"The New Note was issued to consolidate the Original Note plus accrued and unpaid interest to the date hereof totaling Forty-Two Thousand Two Hundred Eighty-One Dollars ($42,281) for a total amount of Four Hundred Forty-Four Thousand Nine Hundred Sixty-One Dollars ($444,961). All obligations under the Original Note have been extinguished and replaced with the New Note."
"On December 7, 2007, the Company issued a second note to the Holder on substantially the same terms as the New Note in the principal amount of $37,034.39. This note is also secured by the Security Agreement and is attached hereto as Exhibit 10.3."
So "The Company" is a shell with with $475k in debt. I am making the assumption that the $37k on the second note was to pay the lawyers. If we get the settlement I hope to god they decide to actually pay their bills.
