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SW Investor

05/30/08 12:04 PM

#249 RE: pacmed #158

Renegade Energy (or whatever Readshaw intends to name it) is the successor of American Asia Corp. American Asia Corp was legally dissolved, meaning that the shareholders of American Asia and its previous iterations were wiped out. The 15G that was recently filed, claimed more than 200 current shareholders. The question is, where did those shareholders come from if they were not legacy shareholders held over from the previous companies. This is one of the dirtiest shells I have seen and it looks like a classic hijacking to me. The rubber will meet the road on this one. If Readshaw is legit, I hope they didn't get swindled by paying anything for this shell.