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Alias Born 12/16/2001

Re: None

Sunday, 11/24/2002 11:23:49 AM

Sunday, November 24, 2002 11:23:49 AM

Post# of 66
xxray-I made the same argument re:10/16/02 8-K,I've exchanged numerous e-mails with someone who has spoken with Wulf,and Bruner.I was excited WLFO filed first,before latest PR,making the same argument that you do,they wouldn't file in the current atmosphere if it weren't true,as the SEC would come down hard on a false filing,or PR.If you read the latest 8-K,you will see this paragraph-"International loans of this size are very complicated in nature, must necessarily involve major international banks, and are subject to numerous banking and other regulations and disclosures. Any number of problems may arise that will prevent the transfer of the Yung Jin funds to Wulf International for its Philippines Project.",not in the standard disclaimer.This to me is nothing other than an "escape clause" in the filing,it is NOT in the disclaimer.WLFO has made this claim before,that financing was "imminent",and then nothing happened,to me,it's just more of the same BS.I have Wulf's private #,but I would suggest you call Joel Fesenfeld,the IR guy,at 800-646-4993 first,or talk to Bruner at americanloansource.If this is legit,and more positive financing news is released,it may test .50,there has been no dilution,and they claim no new common will be issued for funding,only "preffered" will be offered,we shall see.Good luck,I hope it all works out for you and you make a ton of $$,I do think you should do a search on all names mentioned in latest 8-K though,just to see what you come up with.-Ed




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