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jufel

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jufel

Re: jufel post# 19947

Monday, 07/27/2009 2:46:44 PM

Monday, July 27, 2009 2:46:44 PM

Post# of 20865
Harr.

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6060236

"On May 7, 2008, we received a notice of default from Trafalgar Capital pursuant to our obligations from the convertible debenture financing provided by Trafalgar Capital to the Company on November 30, 2008. Under the terms of our agreements with them and the filing of a UCC financing statement, Trafalgar Capital has the right to seize the Company’s assets at any time. In the event Trafalgar Capital exercises its right to seize the Company’s assets, the business will fail. "
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