Asia Properties Inc. (ASPZ)

[Katydidit]

Is this the proverbial towel?

Form 10-Q for ASIA PROPERTIES INC
May 16, 2011
Quarterly Report
http://biz.yahoo.com/e/110516/aspz.pk10-q.html

My personal favorite snippit (for its refreshing honesty):

"We have funded our business to date primarily from sales of our common stock but did not sell any common stock during the three months ended March 31, 2011. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. If we are unable to achieve the financing necessary to continue our plan of operations, then we will not be able to continue our operations and our business will fail."

Anybody else wonder why this sudden report?