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Monday, May 18, 2009 12:23:19 AM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37897272
I also only checked the primary officer. I did not check into the three board members who are listed. Unless someone specically wants me to do so, I don't plan on following up or digging further.
My biggest concern is the so-called convertible note. It looks like this is how they're printing shares. If it's a nominee note, then that's a bad red flag. I would definitely be interested in knowing more about the note if I was a shareholder specifically evidence that real money was loaned to the company, the terms of the note, and who gets the shares. For instance, on the balance sheets, they showed 30,000,000 shares issued in January, and classified them at par value. At .004, that's about $120,000 in stock that the noteholder received, yet the checking account balance is less than $3,000.00. The question is why.
As I'm not a shareholder, it's up to you guys to determine if that's important or not. If I was a shareholder, it'd be darn important to me.
Good luck, hope it's all real and you make big money.
Avoid stock scams, investigate the company's background. Check out Keith Maydak's Warning Signs:
http://investorshub.advfn.com/boards/board.aspx?board_id=15424
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