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nodummy

06/26/11 10:40 PM

#12138 RE: MrPics #12134

Wrong financing deal (et: LSKA/FBCD)

The one they are referring to in that press release was with Centrecourt Asset Management in June of 2006.

http://newsblaze.com/story/2006060908302800005.mwir/topstory.html

Here is the 8K for that financing agreement:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=4475464

Here is the website for Centrecourt Asset Management:

http://www.centrecourtam.com/team.html

That's a whole different group from the Capitoline Advisors Inc. financing I was referring to in my post.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64446516

Fact is that Liska Biometry, Inc went dark in 2007. They haven't filed a financial report for over 4 years and they never terminated their registration with the SEC.

There is no good reason for a fully reporting company to just stop disclosing information to its shareholders like that. Huge red flag that something isn't quite right about that company.

From 2002 - 2005 LSKA never claimed to be anything more than just a developmental company with no revenues and no operations. Then all of a sudden in 2006 LeClerc started arranging all these debt Note financing deals and setting up asset purchase agreements. Then all these new revenues and assets start appearing in the 2006 financials but all of a sudden following the audited 10K for 2006 everything stopped.

I wonder why?

The only other filing after the 10K for 2006 was an SC13G done by Richard Smithline from Centrecourt Asset Management in 2009 claiming ownership of a large block of shares he converted from the 2006 financing agreement.

The company just died starting some time in 2007 and it's obvious that lots of shares have entered the market since then through the debt Note arrangements and other 2006 agreements which has done some real damage to the share price.

LeClerc moved on from LSKA after letting that die and started focusing on Wave Uranium in 2008 which is now the present day FBCD shell.