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Re: RIPPER post# 61937

Friday, 09/21/2012 4:00:03 PM

Friday, September 21, 2012 4:00:03 PM

Post# of 97615
Rignrog, Jim was gone from the company

because after raising $9.0 million in a private placement, the money was gone in a few months

Zero revenues were generated during the 3 years that they reported to the SEC.

Jim and/or his wife then transferred all of the assets of the private company over to themselves, leaving it completely empty

Jim failed to file any financials past the Nov. 2000 figures

Jim failed to pay the company's state taxes in Delaware for 2000 and 2001

causing the public company to become void by the State of Delaware

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79768365


BUT, HEY, JIM WAS NOT THERE WHEN THEY REVOKED THE STOCK!



folks are talking about Falcon.. they were "lost" 7 years after Jim was gone from the company...