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Re: retireat40 post# 265

Monday, 03/02/2009 9:35:01 PM

Monday, March 02, 2009 9:35:01 PM

Post# of 352
IMPORTANT

PNOT:

I just spoke with IP Video Networks and no one works there by any of the names we have brought up. The PR that is on the board was the liquidation of the company's assets of which they have been trying to do for 2 years.

Quote taken from last filed 8-k:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5425828


"On September 11, 2007, Laurus Master Fund, Ltd. (“Laurus”) notified the Company that it took possession in and to substantially all of the Company’s assets (the “Collateral”), to be disposed of as Laurus, in its best discretion, deems advisable. In exchange for the peaceful possession to the Collateral, Laurus has agreed to release the company of its entire obligation of approximately $3.4 million and leave behind all cash and accounts receivable for use in winding down the operations of the Company. Immediately following the transfer of the Collateral, management will wind down the operations of the Company. "

So as far as this stock goes, company is now empty and pretty much a nothingness.

Just informing the uninformed...

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