pt 2 of 2
Problem 7: Dang Deng
( Deng does not appear on the list of company shareholders,.....why not.....? )
Beneficial Percentage
Name and Address Ownership of Class
Daniel Mendez 14,420,473 7.82%
Albert Figueroa 2,237,733 1.21%
All current directors and
officers as a group (3 persons) 16,658,206 9.03%
( Dang Deng is missing from the list here,.......the missing 3rd person perhaps....did he sell those ONE Millliioon shares...?)
(or maybe this)
Proton Technology Corp., Ltd. = Shan Deng, the sole shareholder of the company
Proton/ Deng, the former owner of 123 million shares has effectively sold 34 million shares in the last year (= 28% of holdings)
( ever wonder why the price won't stay up? ). (Dang still has 85.5 million shares left to dump)
Problem 8: future indebtedness
During the term of the operating agreement, Xinmao is to pay KUNMING FUEL GENERAL CO.(Chinese Government Owned) 9 million Yuan = 1 million dollars.
Xinmao agrees to purchases more than 51% of Hubei gas company and to invest no less than one million US dollars within next six months and guarantees the availability of the funds used for tile development of LPG pipeline projects and other possible acquisitions;
Also, Xinmao agrees to purchases more than 51% of Guangxi gas company and to invest no less than one million US dollars within next six months and guarantees the availability of the funds used for tile development of LPG pipeline projects and other possible acquisitions;
(uh, let's see, .... $3 million plus buy 51% of two companies,...how much will that cost,.....how many new shares will they have to print....?)
Problem 9: Y2K
Largo Vista and its subsidiaries could be adversely affected if Year 2000 issues are not resolved by Largo Vista or its significant customers, suppliers, business partners or equity invests before the Year 2000.
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