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Re: pro-trader post# 47852

Monday, 06/27/2011 1:23:57 PM

Monday, June 27, 2011 1:23:57 PM

Post# of 118202
I'm not certain. Could be for tax quarterlies, or maybe for settling with Perry Crane, which appears to be finished:

Perry Crane initiated a Statement of Claim against the Company on August 7, 2007, for the amount of $149,087. The Company has settled this claim with Perry Crane by a payment of $130,000 plus interest which was due on March 15, 2011. The Settlement amount plus interest for a total of $145,209 were paid out by March 10, 2011.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8011160



Or perhaps it has to do with some of this:

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

As of December 31, 2009, the Company received various loans totaling $1,888,846 including accrued interest from ZDG Investments Limited in order to fund the business operations. The note bears 10% simple interest and is due on January 2, 2013.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Audit Fees
The Company paid audit and financial statement review fees totaling $17,500 for the fiscal year ended December 31, 2008 and $49,865 for the fiscal year ended December 31, 2008 to our former independent accountants.

The Company paid audit and financial statement review fees totaling $22,500 for the fiscal year ended December 31, 2009 to Silberstein Ungar, P LLC.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8011160




In any event, I'm pleased to see AUDITED financials, and transparency. I'll have to take a more in-depth look tonight.






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