News Focus
News Focus
Followers 5
Posts 866
Boards Moderated 0
Alias Born 02/18/2005

Re: Eli's Gone post# 17062

Wednesday, 05/21/2008 2:44:22 PM

Wednesday, May 21, 2008 2:44:22 PM

Post# of 20865
OOOOCH!!!!!Date of Report (Date of earliest event reported): May 2, 2008 (19 DAYS AGO, thanks for up to date info)


"notice of acceleration of all principal, interest and redemption premiums due Trafalgar pursuant to that certain Secured Convertible Debenture "

"to be funded on the earlier of: (i) one hundred and fifty (150) days from the may 12, 2008 or (ii) the Company’s receipt of a second purchase order. All of the funds provided in the financing are held in escrow to be released at Trafalgar’s discretion."

"The Debentures are secured by all of the assets and property of the Company"

"On May 2, 2008, Robert Lau resigned his position as Chief Financial Officer"

"M. Dewey Bain has been appointed as the Chief Financial Officer."
http://www.sec.gov/Archives/edgar/data/1123845/000114036108013240/form8k.htm

BAIN STILL IN THE ARENA


GOOD TIMES AHEAD

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today