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db7

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Alias Born 09/02/2003

db7

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Re: ErnieBilco post# 5

Thursday, 05/23/2013 8:47:05 AM

Thursday, May 23, 2013 8:47:05 AM

Post# of 66
from 10k..and why i've been accumulating:

"As of the filing date of this Report, we are engaged in active discussions with several potential purchasers of the Building, all of whom are financial institutions that would occupy the Building and use it as a branch. The potential purchase price being discussed would exceed the outstanding principal balance with respect to the Building Note. Were the Building sold to any of these potential purchasers, the net proceeds would be distributed to the shareholders as a dividend.

Management is also considering using the Company's potential status as a fully reporting public company to engage in a transaction in which a carefully selected privately held operating company would merge into the Company, i.e. a reverse merger. As a result of such a merger, whether or not the Building would in the meantime been sold, voting control of the Company would be held by the shareholders of the operating company. As stated elsewhere in this Report, subject to forbearance by the SEC, this Report and the filing by us of the other delinquent reports under the Exchange Act are designed to restore the Company's fully reporting status so that it can act as a viable merger candidate.

"

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