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Re: None

Monday, 04/01/2013 3:55:17 PM

Monday, April 01, 2013 3:55:17 PM

Post# of 157299
I think this is new in the 10K:

A lawsuit was filed by Thomas Seifert, a former officer and director of the Company, on April 9, 2012 in the Circuit Court of the 17th Judicial Circuit in Broward County for $548,000 and 7.0 million shares of common stock for alleged unpaid compensation. We reached a settlement with the plaintiff resolving this lawsuit, without admitting or denying the allegations. Under the terms of the settlement, we were required to issue him 6.0 million shares of common stock, which shares are subject to a fourteen-month leak-out, and pay him $50,000 over a twelve-month period.

(Another stock dumper to hold the price down)

Dohan
We reached a settlement with the parties resolving this matter, without any party admitting or denying the allegations. Under the terms of the settlement agreement, each party fully releases the other from all claims

and in the notes:

Brio: We have also entered into a settlement agreement to pay $57,661 in legal fees as required by the Court order, the unpaid balance of $9,610 is included in accounts payable.

Tsunami:
40,000 left on payments

Siefert:
The Company has recorded an accrual of $50,000 in accounts payable and $100,000 in accrued liabilities

Dohan:
The Company has recorded an accrual of $11,000 in accounts payable.
(Seems inconsistent)








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