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janice shell

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Re: Jim Bishop post# 9013

Tuesday, 02/21/2006 12:16:35 PM

Tuesday, February 21, 2006 12:16:35 PM

Post# of 23107
Incubadora really does exist.

a. On March 3, 2005, the company's convertible promissory note of March 3, 2003, payable to Incubadora Del Futuro, S.L. in the principal amount of $30,000.00
came due and the holder elected to convert the debt to equity. On May 7, 2005,
the Board authorized the issuance of 2,500,000 shares of the company's common
stock is satisfaction of the debt.

http://sec.edgar-online.com/2005/09/19/0001272089-05-000054/Section9.asp

The company in question is Pedianet.com. It seems that they've now merged with an energy company, and are trading under the symbol MRGG.pk, called Morgan Equities Group.

http://cf.us.biz.yahoo.com/e/060113/mrgg.pk10qsb.html

http://www.pinksheets.com/quote/company_profile.jsp?symbol=MRGG
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