Wednesday, February 15, 2006 1:25:50 PM
Looks like Ed Schwalb has been bought out of the shell by MXC and Richard Weed. Dunno what that means for the stock yet.
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http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3972921
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ITEM 4. Purpose of Transaction
In the future, Mr. Weed plans to identify new management for the
issuer and encourage this issuer, which is a shell corporation, to
engage in an extraordinary corporate transaction, such as a merger,
reorganization, or recapitalization. Mr. Weed does not have specific
plans for new management or any such extraordinary corporate
transaction. Prior to this transaction, the stockholder with a
majority of the voting power of the corporation took action to amend
the articles of incorporation and various creditors agreed to swap
their debt for equity following amendment of the issuer's articles of
incorporation.
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