from the February 10, 2005 FORM 8-K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3482428
"The Company’s total indebtedness to the New Lenders was approximately $23 million. Discussions between the Company and the New Lenders to extend or refinance the Company’s existing credit agreement were unsuccessful. Pursuant to the Foreclosure Agreement, in accordance with the Uniform Commercial Code, the Company was released from all indebtedness to the New Lenders in exchange for the surrender of the Company’s collateral securing its obligations under the credit agreement. The collateral consisted principally of the capital stock of the Company’s subsidiaries, Wakefield, Specialty and Lockhart."
FEATURED North Bay Resources Announces Assays up to 9.5% Copper at Murex Copper Project, British Columbia • Nov 4, 2024 9:00 AM
Rainmaker Worldwide Inc. to Assume Direct, Non-Dealer Sales of Miranda Water Technologies in U.S. and Mexico in First Quarter of 2025 • RAKR • Nov 4, 2024 8:31 AM
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM
Innovation Beverage Group Receives Largest Shipment of its Top-Selling Bitters to Date in the U.S.-Ready to Meet Growing Demand from Expanding Distribution Network • IBG • Oct 30, 2024 12:22 PM
Element79 Gold Corp to Update Investors on the Emerging Growth Conference on October 31, 2024 • ELMGF • Oct 30, 2024 9:08 AM