i don't know if they did. i proffered that for consideration. because if the company was still intact last year and struggling, i would assume that they took on more debt to stay afloat. like i said, this one is not a slam dunk imo. there are a lot of issues and nothing will come of it before sec filings to remove the delinquent status. and also a shareholder meeting, among other tasks. there are also a ton of legal notes in the 10k from last year, with a number of legal proceedings that were started against the company by other companies and individuals. none of which look fully resolved based on the language in the 10k. so, why anybody would have wanted this company is beyond me. i do think that a r/s will also have to take place in order to deal with the debt and liabilities.
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