![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, September 21, 2012 4:00:03 PM
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...
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