from the Feb 1 pr >>The newly formed entertainment company purchased the catalogues of Hindsight Records, Stradivari, Otelo, Michele, Tinseltown and Kielbasa<<
"In December 2005, Hindsight was re-acquired by the Purchaser in exchange for canceling the $800,000 promissory note owed payable by the Company to the Purchaser as part of the original purchase price."
So they merged with Michelex Corp....then Michelex gave Hindsight back to the original purchaser in exchange for cancelling an 800,000.00 note.