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Ericus

05/20/08 6:45 PM

#2818 RE: hoerud #2816

Terrible balances of CFUL and HTOG. Deteriorating further.
- Much lower revenues than predicted. In fact less revenue than year before.
- No positive cash flow
- Liabilities higher than assets (HTOG)- negative equity
- Liabilities and assets almost equal (CFUL). The (low) shareholder equity halved.
- Dilution of stock goes on.
- Accumulated deficit is high and keeps growing.