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eqbeck

02/13/07 10:47 AM

#64788 RE: justfrank #64780

JF Apparently for a marketing letter for ADGI in 2002 that was determined by NASD to be a false research paper that Hornblower (Elliston and Rooney) were barred from releasing by a previous ruling. The ruling was based on rules initiated in 2003 and 2004.
Taboada invested 500,000 in series C stock converted in 2005
See Form 10KSB March 31, 2005 and Form 10-K March 31, 2006

Also in the March 2006 10K is the info about Fordham Financial

'In October 2003, the Company entered into an agreement with Fordham Financial to raise $2,500,000 resulting in issuance of circular offering dated October 17, 2003 (Preferred Stock, Series A). Fordham Financial agreed to receive 10% commission for the raising of the investments. In addition to the commissions totaling $250,000, Fordham Financial also received 57,500 Preferred Stock, Series A as additional compensation. Fordham Financial had arranged for subscriptions of $1,092,140 as of December 31, 2003 and had raised the full $2,500,000 as of January 31, 2004'

Talk about rehashing old financing...sheesh