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The Original dpb5!

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The Original dpb5!

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Re: None

Thursday, 02/14/2002 11:50:40 PM

Thursday, February 14, 2002 11:50:40 PM

Post# of 1718
Michael Zwebner appears to be keeping WLGS afloat...

from todays' 10Q filing...

LIQUIDITY AND CAPITAL RESOURCES
On December 31, 2001, the Company had cash and cash equivalents of $2,241 compared with $4,082 as of September 30, 2001. During the three months ended December 31, 2001, $60,000 was received from the sale of 8% senior secured convertible debentures and $84,933 was advanced by the Chairman of the Company, Michael Zwebner. These funds were used to pay the cash operating expenses for the three month period ended December 31, 2001.
While management restructures the Company, current operating cash is being provided by loans from related entities and the Chairman of the Company.


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