American Security Resources Corp. (ARSC)

[boater_down]

Sorry futrcash but I didn't catch , in default of......"The rest of the story". The Ohio U thing was addressed by Ben Schaffer. I expect that most are satisfied that it is a dead issue.
A form filed with SEC did contain the words "in default" as pertaining to the two lenders that ARSC is dealing with. There has bee speculation as to the context it was used in and how it may impact the company. As of yet, the company has made no effort to address this question form the investors with public release. I,myself have been told that it's not an issue. We all know that an investor isn't suppose to believe what is told to them as rock solid ,unless it can be supported by a different source. Any thing else is just more speculation.