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53chevy

02/28/07 12:15 AM

#244 RE: 53chevy #241

This might explain the addt'l 20M, taken from the recent 14c

"After receipt of invoices covering the services rendered by the various consultants and professionals to revive, restructure, reorganize and reconstitute the Corporation, the Board directed the Corporation to issue shares of restricted common stock of the Corporation to these consultants, in full payment and satisfaction of outstanding bills for services rendered and costs and fees advanced.