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Tuesday, July 05, 2011 7:05:28 AM
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Well there it is, the very thing that was said was not going to happen. The "new" management was working on keeping this current and not only blew through the original deadline to file Q1, but failed to update anything for 6 months. As discussed this weekend, there is no new management, you may use a fictitious name for CEO but you cannot issue preferred shares to a fictitious name. The Attorney Letter makes it clear that only a non affiliated party owns BEHL with 20 million preferred B shares.
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