CoreStream Energy, Inc. (fka ZLUS)

[patchman]

It was previously reported that CoreStream Energy restored relationships with some past investors. The Company exercised an offer received from one hedge fund to provide funding for operations starting with an initial small amount. More information related to this activity will be disclosed in the Subsequent Events section of the Company's next financial filing expected by the end of April.

so the promise that the next set of financials would be out in a few weks after the first set was --- lets just say inaccurate for now. expected by end of april is not only a "few weeks" but is also open ended.

While the new CoreStream Energy website was forecast to be live by now, it is expected to be available in the near future and will allow the Company to keep its shareholders updated on progress that doesn't necessarily command a press release.

Another milestone missed.

The Company announced today that Milton C. Ault, III has transitioned to Interim CEO from CEO. The Company's Board of Directors acknowledges Mr. Ault's knowledge and experience will continue to be instrumental in resolving legacy debt and issues and leading CoreStream Energy's future commodity trading efforts. The Board of Directors understands that the growth of CoreStream Energy is dependent on retaining a CEO with more experience in oil and gas production and operations. CoreStream Energy believes this change hallmarks its efforts to transition the Company's focus from the past to concentrate on its core business model and its future.

So Ault doesn't have the 22 years O&G experience he touted when he took over? My My. I think I even questioned the accuracy of those statements.