Telynx (fka TLYN)

[eliaman]

due in your previous post you state "As such, the Telynx corporation is now apparently an empty shell, with no business, assets or liabilities."

WHEN IN FACT THE FILING STATES.."
"The assets of Telynx consist of, including, but not limited to, the intellectual property, the vendor list, and the company accounts receivable."

ARE THESE NOT ASSETS? YOU SAY ITS JUST A EMPTY SHELL WITH NO ASSETS, HOW DO YOU COME TO THAT CONCLUSION? REMEMBER YOU SAY YOU ARE NO ATTORNEY!!!

Posted by: DueDillinger
In reply to: DueDillinger who wrote msg# 257 Date:4/15/2004 3:10:19 AM
Post #of 260

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.