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shaolin

08/20/01 4:13 PM

#8700 RE: bobky #8699

bobky; I haven't read entire filing yet, and don't know if I'll understand what I read after I have, but I hate to see a comment in the filing like the following. Maybe it's legality but it is an eyeopener. jmho - shao

Take from filing---

The Company has included a footnote to its financial statements for the
periods ended June 30, 2001 stating that because of the Company's continued
losses, working capital deficit and need for additional funding, there is
substantial doubt as to whether the Company can continue as a going concern. See
Note 2 to the consolidated financial statements.