Tuesday, November 15, 2011 7:40:54 PM
"Item 1A. Risk Factors
Other than as described below, there have been no material changes from the risk factors previously disclosed in the registrant’s Form 10-K for the fiscal year ended December 31, 2010, filed with the Commission on April 12, 2011.
We Have Been Contacted In Connection With Various Merger And Acquisition Opportunities, Have Entered Into A Non-Binding Term Sheet And May Enter Into A Merger, Acquisition Or Similar Transaction In The Future.
We have been contacted by parties seeking to merge in us and/or acquire us and our securities. We have no definitive agreements in place to merge with or acquire or be acquired by any entity or individual; however, we did enter into a non-binding term sheet with a third party in October 2011, which, if consummated, would result in a change of control and business focus of the Company, provided that no definitive agreements have been entered into to date in connection with such term sheet. In the event that we do enter into and/or consummate a transaction, merger and/or acquisition with a separate entity or individual(s) in the future, our majority shareholders will likely change and new shares of common or preferred stock could be issued resulting in substantial dilution to our then current shareholders. As a result, our new majority shareholders will likely change the composition of our Board of Directors and replace our current management."
Read that snippet closely. It suggests to me the same BESV management/BOD/SEC sanctioned stock promoters circlejerk that we've all been used to watching...y'all do realize that with all of the interlocking directorates involving these boys that the chance of anything being left to the commons is prolly nil.
Isn't it odd that all that money gained from the BK lawsuits just went right down the rathole?
Ralphie...I'll step aside now and let you start posting as soon as you would please...;^)).
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