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Replies to #69486 on OTCBB ALERTS

scratchy

09/30/06 1:45 PM

#69513 RE: JJSeabrook #69486

Might want to reread the 8k/a 100% ownership of the bonds

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4408254%3C/a%3E" target="_blank">http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4408254%22%3Ehttp://xml.10kwizard.com/fi...

Section 12

On March 15, 2006, the Company acquired full ownership of Global Bonds issued through the Republic of Venezuela with an issuance date of July 31, 1998 and a maturity date of August 15, 2018. The principal amount of the bonds is $500,000,000 USD with a fixed interest rate of 13.625%, computed on a semi-annual basis. The applicable identification codes are as follows: Common Code - 008975540; CUSIP - 922646AT1; & ISIN Code - US922646AT10. The first interest payment is due on August 8, 2006, in which interest receivable and revenue have been properly accrued, to the holders of the bonds (the Company).

The applicable Declaration Statement (ownership documentation) specifies the transfer of full ownership to the Company from Banco Central De Venezuela, the issuer of the bonds, and insures that the bonds are free and clear of any deductions, charges or fees assessed by the Government of Venezuela. The Certificate of Ownership also identifies the Company as the sole owner, with an effective date of ownership as of March 15, 2006. The ownership documentation has been properly recorded with the State of Georgia securing and perfecting the bonds.


100% ownership of the Bonds