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Quaaflac

11/14/07 1:07 PM

#311 RE: joelegs #310

"This Amendment amends and restates the Financial Statements and related Notes to the Financial Statements to correct errors in the Financial Statements of the Original Filing. The most significant corrections were made to the Balance Sheet in the Original Filing, which incorrectly stated that cash was $4,924,029, other receivable was $2,631,238 and construction in progress was $12,573,861 as of June 30, 2007. This Amendment amends the Balance Sheet to reflect that cash was $924,029, other receivable was $8,484,157 and construction in progress was $7,709,314 as of June 30, 2007"

Reduces cash on hand by 4 million and moved it over to other receivables, OUCH !