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Re: stillenmax post# 406

Friday, 06/03/2005 1:46:48 PM

Friday, June 03, 2005 1:46:48 PM

Post# of 48955
"Greco'd" IS a possibility. :(

These two quotes from the filing say it all:

"After the recission of the Agreement with Core Energy, LLC, our Company will have liabilities of approximately $1,200,000 and extremely limited assets. We will not receive meaningful additional revenues until we select an industry in which to commence business or complete an acquisition, reorganization or merger."

"The Company is currently an agent for Con Tech 21 selling long distance telecommunication services. In addition, the Company is selling a voice over the internet phone. Based on the Company's current financial structure we will not be able to continue to market these products or services."

So basically, we're at Square 1, again....and with no money to even fire up the drawing board. So, we either [1] Acquire a company (putting us in even more debt), [2] Wait for someone to buy us out (far from likely, IMO), or [3] File Bankruptcy or Dissolve or etc.

IMO, the future is bleak. If you disagree, good. Please tell me why, because I need my spirits raised.

GLTA