Cornell Yorkville Clients

[jonesieatl]

.<font color=red>PREVIOUSLY UNKNOWN CLIENT? CWBYF.OB

Carthew Bay Technologies Inc

A Canadian company which came up in a 6-K today.

First time running across this one.

Looks like Yorkville might be 'underwater' on around 3,200,000 warrants with exercise prices from .19 to .30

Current PPS of CWBYF.OB: $0.05

Interesting to note:

If I'm reading that filing correctly , back in April and May of 2006 Carthew got some cash from Yorkville f/k/a Cornell by way of Convertible Debentures. (The warrants YAGI now holds derived from those deals.)

One deal was for $1,500,000 and the other was for $420,000.

Notes following the descriptions of those 2006 deals in today's 6-K say:

"All outstanding $1,500,000 USD Convertible Debentures were forgiven on August 1, 2007 (Note 1)."

"All outstanding $420,000 Convertible Debentures were forgiven on August 1, 2007 (Note 1)."

I can't find "Note 1" but there is another reference or two to "Note 1" which may explain the 'forgiveness'

"2062540 Ontario Inc. and Astris s.r.o. were sold on August 1, 2007. (See Note 1)

All material inter-company transactions and balances have been eliminated on consolidation."

Anyway, Yorkville still holds the 3.2mill warrants.

jonesie