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temp luvs amy

09/21/10 10:43 AM

#515 RE: ash111 #514

The SEC information was accurate. The company was a shell that went bankrupt. The Board of Directors resigned, and there were two people left to work the bankrupcy. Those two have since found other jobs, and made no statements to the public regarding the bankrupcy. The bankrupcy was legally performed under the Envision subsidiary, and the corporation could be considered "Et al" in the process, depending on how much liability the officers wished to avoid.

The officers did not put a slate of directors to be confirmed within the two years allowed in the by-laws.

The only way for shareholders to recover is to organize themselves. Doesn't look like they are interested. I believe that there is only one shareholder with more than 5% of the company. Filings would have been required for any person holding more than 5% prior to the de-registration, except for a possible few loopholes. I would personally avoid the loopholes, because of the danger of prosecution. You never know for sure if your interpretation will match up with the courts until the judge makes the decision.