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DueDillinger

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DueDillinger

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Re: DueDillinger post# 257

Thursday, 04/15/2004 3:10:18 AM

Thursday, April 15, 2004 3:10:18 AM

Post# of 3317
As I understand the Sale of Business agreement

(see previous post and also available at the SEC website
http://www.sec.gov/Archives/edgar/data/852164/000121465904000260/ex99a.txt )

Mataras and Safadi have purchased the assets and assumed the liabilities of Telynx Inc. PERSONALLY. As such, the Telynx corporation is now apparently an empty shell, with no business, assets or liabilities.

Mataras and Safadi now own 89% of the TLXX shares and control the company, but it's not at all clear how the remaining holders of common shares own anything but a shell.

Is this just sloppy legal work? I'm not an attorney, but this looks like amateur hour to me.


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