STOCK GOODIES PLAYS OF THE WEEK

[mick]

some dd; DRWN
A CLEAN SLATE, INC.
1750 Osceola Blvd.
West Palm Beach, FL 33409

Share Structure

Shares Outstanding 335,270,635 a/o Jan 30, 2012
Float 80,020,635 a/o Jan 30, 2012
Authorized Shares 500,000,000 a/o Jan 30, 2012

DAAG is the sub http://www.daaginc.com/


[phone]

Distressed Asset Acquisition Group, Inc. was established as a buyer of distressed assets primarily real estate however the company will consider other sectors, also as a lender of hard money for commercial and residential real estate. The company also will lend to small businesses. The company believes that the strategy of hard money lending goes hand in hand with acquiring distressed assets.

What are distressed assets? In general, distressed assets are real estate properties that require a capital infusion or can be purchased below replacement value. Many times, the property owners have let the property fall into disarray, reducing its ability to generate cash flow or serve its purpose as a home or office location. Other times the owners have stopped making mortgage payments entirely forcing the lending institution to either take back possession of the property or serve notice that, unless the debts and other obligations of the property are repaid within a specified period, it will foreclose or short sell the property to the highest bidder in an attempt to recuperate as much as it can from the sale of the asset.

Purchasing options for distressed assets with respect to the opportunities below we refer to assets as both non-performing mortgages and foreclosure properties. Non-performing mortgages are where the borrower has defaulted for typically 90 days or more and runs the risk of foreclosure. In an attempt to avoid the foreclosure process, lenders will offer investors varying options to purchase below fair value in order to suit their requirements in an attempt to minimize losses.

History of The Current Distressed Asset Market: The sub prime mortgage crisis was a precursor to the worldwide recession that began in 2007. During the US property boom of the middle of the last decade, irresponsible lending facilitated borrowers purchasing property-based debt under the mistaken belief that capital gains would outweigh otherwise unmanageable debt burdens. As interest rates began to rise around 2005, the market witnessed a sharp decline in housing prices, leaving many borrowers unable to keep up with repayments on their mortgages. Defaults began to soar, with a domino effect on mortgage-backed securities, private sector investment and public sector credit facilitating.The property market in the US consequently collapsed leaving lending institutions with crippling debt in the form of real estate assets proving increasingly difficult to resell in a market starved of available credit and requiring capital to keep the assets in respectable condition. These assets were named "toxic assets".

Distressed asset opportunities with US banks and other lending institutions now dealing with around $1 Trillion in existing and potential write-downs and the majority in the midst of a liquidity crisis themselves, they are unable to process the current volume of foreclosures with allocated budgets and resources and so are forced to desperately sell selected assets at ultra-deep discounts with liens (legal claims on a property) removed in order to generate cash flow. This has created a unique environment for investors with even small sums of available cash to make ethical and profitable investments within this distressed space.

Distressed Asset Acquisition Group has formulated a plan to capitalize on certain areas of these assets by arraigning funding sources for these acquisitions from the private and public investor sector, while assembling a multidisciplinary team to assist the company in capitalizing on these favorable investment opportunities. Our distressed asset acquisition team takes pride in aggressively, creatively and responsively identifying those assets with favorable terms expeditiously.

http://www.acleanslatecorp.com/Home_Page.html

A Clean Slate website:
DRWN Security Details: www.otcmarkets.com