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Re: midtownmurphy post# 33797

Tuesday, 06/02/2009 1:52:15 PM

Tuesday, June 02, 2009 1:52:15 PM

Post# of 68510
Regrettably an opinion letter sent to the transfer agent by an issuer constitutes privileged information. But my guess would be that the company avoided registration by issuing stock in a bunk convertible debt in order to pay for promotion and line the pockets of the primary principals.

Although we cannot confirm this; 1) Transfer agent is gagged 2) company refuses to put out any information relating to operations.

This may be another PGYC, which was consequently delisted today for improper disclosure