quote:

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Originally posted by having fun:
I HAVE HAD THIS ONE FOR AWHILE NOW. I REALLY THOUGHT IT WOULD TAKE OFF. DOES ANYONE ELSE OWN THIS ONE OR AM I THE ONLY SUCKER?

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"We have substantial current obligations. As of March 31, 2004, we had no assets,
$854,894 of liabilities and we were not operating and had no customers. Of the
$854,894 outstanding at March 31, 2004, $246,427 is for unpaid federal payroll
taxes, interest and penalties. The Company has received correspondence from the
Internal Revenue Service ("IRS") detailing the obligation and remedies that the
IRS may pursue if not paid. The remaining current obligations (which are all
past due) include accounts payable of $124,468, judgment payable of $50,995,
sales tax payable of $40,801, bank loans of $59,336, loan payable-related party
of $42,700 and convertible debentures of $175,000. The Company does not have
sufficient cash resources to pay these obligations."

Also, there was a proxy in May to do a 100-1 Reverse split. That'll probably explain the PPS.

quote:

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Originally posted by SimpleGuy:
taken from 10QSB/A dated 6/21/2004

"We have substantial current obligations. As of March 31, 2004, we had no assets,
$854,894 of liabilities and we were not operating and had no customers. Of the
$854,894 outstanding at March 31, 2004, $246,427 is for unpaid federal payroll
taxes, interest and penalties. The Company has received correspondence from the
Internal Revenue Service ("IRS") detailing the obligation and remedies that the
IRS may pursue if not paid. The remaining current obligations (which are all
past due) include accounts payable of $124,468, judgment payable of $50,995,
sales tax payable of $40,801, bank loans of $59,336, loan payable-related party
of $42,700 and convertible debentures of $175,000. The Company does not have
sufficient cash resources to pay these obligations."

Also, there was a proxy in May to do a 100-1 Reverse split. That'll probably explain the PPS.

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