CAVU Resources Inc (CAVR)

[MyBad]

That's the way I read it too, Shanghai...

CAVR sold Envirotek and was NOT getting the payments due to us, so we got a parcel of land in Kansas to replace a portion of the unpaid...

CAVU has reached an Agreement with Energy Revenue America, Inc, which brings current the Note CAVU owns for the sale of Envirotek Fuel Systems, Inc.

then they paid us $25k in November, and we are supposed to recieve $100k beginning in December and all the way thru May 2013...

*accepted a $25,000 payment in November, with monthly payments to CAVU of $100,000 starting December 20, 2012, with the balance due to be paid no later than May 20, 2013

However, in the midst of getting paid from 'Energy America, Inc', a portion of those payments to us are being diverted to payback some ($375k to 500k) of CAVRs other debts to private investors (which would help to take 'their' fingers outta the pie, which in turn would make us look more appealing for future funding needs).

assigned $500,000 of the Energy Revenue's note with a minimum of $375,000 to be credited against CAVU's outstanding debt with private investors

...and it looks like the plan to purchase a SWDW in Kansas, like CAVR said it was going to do, has taken place.

All in all, it's been slow going, but it still looks like it's 'going'!

JMO, and please correct me if I'm wrong on this post.

MB