Replies to post #566 on Cargo Connection Logistics (fka CRGO)

[neo43]

Thanks, TreyVrai. I didn't see that. However, . . .

that cancellation looks to me like it's related to a different transaction, a Standby Equity Distribution Agreement entered into on August 9, 2004.

So the question that arises for me is, Does Cornell still hold the $400,000 note (the value of which is actually down to $374,000 because "Cornell elected to convert $26,000 of its promissory notes into 1,532,431 shares of the Company's common stock.")? And if it does, wouldn't that be a red flag?

I'd call the CFO about this, but I was told he'd be on vacation this week.