.<font color=platinum>PLSO DD - $$ HEADS UP $$ -
DD Update January 31st, 2006
Further to our report yesterday we have discussed matters again with Abe Grossman’s counsel at Laurus Funds in downtown Manhattan. Abe works for Laurus, and notwithstanding that this is his private shell, obviously has access to a range of services and amenity that he might not have otherwise.
Our intent was to tie off a few questions. We found much more, in a very short time.
We determined that the TA is owed a minor $20K. The money to get a complete list of shareholders will be forwarded as required.
$$ HEADS UP $$
We have been advised to expect a Reverse Merger on this shortly, as it is the express intent of the current owner to move this out as quickly as possible. The books are clean, and tying off any minor amounts of cash will be done as part of the RM, including any monies owed to Abe’s investment group KESHET, at a substantially discounted amount (on paper of course).
As stated earlier, suitable candidates are ACTIVELY being entertained. Expect more developments on this SOON. They are getting VERY close.
You may link back to that first DD report through this thread, above.
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