Alan - Found this tidbit.
"IFN Smart Edgar News - March 15, 2000 14:21
Excerpted from 8-K filed on 03/15 by KENILWORTH SYSTEMS CORP:
KENILWORTH SYSTEMS CORP rpts change in control.
ITEM 1. Kenilworth Systems Corporation Engages New Auditors
On March 15, 2000 the Registrant, Kenilworth Systems Corporation ("Kenilworth" or the "Company") engaged Peter C. Cosmas Co., CPAs, as the Independent Auditors for the periods ended December 31, 1998 and 1999 and the ensuing year.
The Company emerged from Chapter 7 Bankruptcy Proceedings on September 23, 1998 when the Trustee for the Estate of Kenilworth Paid, in cash, one hundred percent (100%) of all approved creditors claims and administration fees and expenses out of the $4,424,056 proceeds from the sale of substantially all of the assets of the Kenilworth Estate and recoveries of receivables and interest income.
By virtue of having paid all claims in full (one hundred cents of each dollar claimed), the residual value consisting of approximately twenty million dollars ($20,000,000) in unexpired net operating tax loss carry-forward credits belong to the Company and, in turn, to
the shareholders of Kenilworth." |
