Can't find anything filed with the SEC to explain the drop. If you locate something please advise. I like their business model.

NOTE 6 - LEGAL ISSUES

SEC v. David M. Wolfson, United States District Court, District of Utah, Central
Division, Case No. 2:03-CV-0914K.

On October 16, 2003, the Securities and Exchange Commission through its Salt Lake City, Utah, office filed a complaint in the United States District Court for the District of Utah against 21 defendants including F10 Oil & Gas Properties, Inc., Jon H. Marple, the former Chief Executive Officer of F10, Mary E. Blake, the former President of F10, Jon R. Marple, a consultant to F10 and Grateful Internet Associates, LLC, a Colorado limited liability company owed by Jon R. Marple. The complaint alleges that overseas investors were defrauded by a

10

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scheme organized by defendants David Wolfson, Gino Carlucci and Sukumo Ltd. to sell securities in five United States-based issuers including F10. F10, with its former officers Jon H. Marple and Mary E. Blake, are alleged to have made false or incomplete filings with the SEC and to have manipulated the price of F10's securities in violation of the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, the issuer reporting provision of Section
13(a) of the Exchange Act, and Rules 12b-20, 13a-1 and 13a-13 promulgated under the Exchange Act.
The complaint seeks the entry of a preliminary and permanent injunction against all defendants including F10 and its former officers, Jon H. Marple and Mary E. Blake, including the return of "ill gotten" gains, and seeks asset freezes against 16 of the defendants including F10 and its former officers.

GFY's bank account with a balance of $60,102 is currently frozen.

Management of GFY believes that GFY has meritorious defenses to the complaint and intends to vigorously defend the action.