Virtual Ed Link Inc (VRED)

[marks37]

Very strange financials!!!!!

On page 12 (item IX) it shows a Preferred stock with a 100 to 1 voting power as compared to the common and 2 million shares authorized and issued (to one individual).

On pages 13/14 (ITEM X) it shows both a Class A and a Class B preferred each with 10 million shares authorized and issued (2 shareholders of the Class B and no description of voting rights).

The voting power of the Class A preferred is equivalent to 1 billion shares of the common--the Class B ??????

It would appear that if the insiders unloaded the bulk of their common shares, they could still basically control the company by virtue of their Preferred holdings.

As of December 31, 2007, the financials (unaudited) show ZERO cash and ZERO assets with approximately one quarter of a million dollars in liabilities.

The company is still designated "CAVEAT EMPTOR".