posted
Hasn't traded today and no MM's on it in L2??
sunny
posted
volume up today.
sunny
posted
holding...increased volume after lull....keep an eye on it. Could move on up to 0018-0027 range again. IMO.
sunny
posted
...and back up to 001...forming a nice candlestick.
agrimac
posted
grabbed a few at 0010
lilpennypincher
posted
yeah, creeeeepin' up slowly. I picked up a little. I like these little sirprizzes'! I think this will be one.
Golf Money
posted
Been waiting for it to move. Go!
madmoney
posted
watch out 1 for 100 R/S in the works, no date announced yet.
lilpennypincher
posted
Yeah, we know. This is just a quickie.
And it's not like they are just going to R/S, Like you have said.....no announced date yet.
IDVL has been setting a date for quite a while. Have you seen its runs.
Just a quickie here guys.......play it and move on.
agrimac
posted
does anyone see an uptake this week
sunny
posted
I have some of this, too....think the MMs are playing with it though...IMO
Happy trading!
sunny
posted
.0008 now... 100 mm share signals
sunny
posted
just jumped to 0015!!!!
sunny
posted
back down to 0009....stupid MMs
sunny
posted
okay...back up to 0012...something is up imo
sunny
posted
.0014...
sunny
posted
0015...too funny.
sunny
posted
0017
kt325ci
posted
They filed an 8K today. Too busy to read it. Don't if it's good or bad.
sunny
posted
for Elite Flight Solutions Inc Back to SEC Filings
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the SECURITIES EXCHANGE ACT OF 1934
March 17, 2006
ELITE FLIGHT SOLUTIONS, INC. ---------------------------- (Exact Name of Registrant as Specified in Charter)
Delaware 001-31231 26-0003788 -------- --------- ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)
710 Third Street, Suite 200, Roanoke, Virginia 24061 ---------------------------------------------- ----- (Address of principal executive offices) (Zip code)
(540) 345-3358 -------------- Registrant's telephone number, including area code:
Not Applicable -------------- (Former Name or Former Address, If Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On or about March 17, 2006, the Board of Directors (the "Board") of American Air Network Alaska, Inc. (the "Company"), a Nevada corporation and a majority-owned subsidiary of Elite Flight Solutions, Inc., a Delaware corporation (the "Registrant"), confirmed its belief that the Company, without the Board's and/or Registrant's prior knowledge, consent or authority, entered into an Assignment and Assumption of Air Ambulance Services Agreement and Consent (the "Assignment"), effective July 29, 2005, by and among the Company, Security Aviation, Inc., an Alaska corporation (the "Assignee") and Yukon-Kuskokwim Health Corporation ("YKHC"). Pursuant to the Assignment, the Company assigned to Assignee, and Assignee assumed from the Company, all of the Company's obligations, duties, rights and benefits and agreed to be bound by all the terms and conditions set forth in that certain Air Ambulance Services Agreement (the "Contract"), originally dated July 30, 2003, by and between American Air Network, Inc. ("AAN") and YKHC (such Contract subsequently had been assigned by AAN to the Company effective as of July 30, 2003). The Contract is silent as to consideration. On July 29, 2005, a deposit in an amount equal to One Million Dollars ($1,000,000) (the "Deposit") reportedly was made to the Company. According to legal counsel for Doug Gilliland, General Operations Manager of the Company, said Deposit was consideration for the Assignment, and it apparently was used, without the knowledge, consent or authority of the Board or Registrant to pay off certain expenses. The Contract was the Company's primary asset, having an estimated value exceeding a remaining balance of Ten Million Dollars ($10,000,000). The Registrant and the Company's Board currently are working together and investigating the actions of the Company's management and the events surrounding the Assignment, including the current status of the Deposit.
Exhibit 99.1 Assignment and Assumption of Air Ambulance Services Agreement and Provided herewith Consent, effective July 29, 2005, by and among the Company, Security Aviation, Inc. and Yukon-Kuskokwim Health Corporation Exhibit 99.2 Assignment and Assumption of Air Ambulance Services Agreement, Provided herewith effective July 30, 2003, by and among American Air Network, Inc., the Company and Yukon-Kuskokwim Health Corporation Exhibit 99.3 Air Ambulance Services Agreement, dated July 30, 2003, by and Provided herewith between American Air Network, Inc. and Yukon-Kuskokwim Health Corporation
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 22, 2006 ELITE FLIGHT SOLUTIONS, INC.
By: /s/ Bruce Edwards ----------------- Name: Bruce Edwards Title: Chief Executive Officer
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