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Friday, April 30, 2010 5:52:25 PM
From the report @ page 17
The Company has become aware of the investment in The Fight Network may have to be written down in the coming months as The Fight Network may be involved in a re-structuring of its business and as a result current shareholders may be diluted and/or their investment may become impaired and realization of it may not be feasible in the future.
From report @ page 18
13. Long-term Debt
As a result of the buyout announced it triggered a conversation provision of the convertible loan agreement that supersedes any previous agreed moratorium on conversion privileges. The company has no long term commitments.
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