Ceased operations in 1993. Four filings Januar 7/2000. 10K to Jan 31/99 and 10Q's for April 30, July 31, and Oct 31/2000.
All up at freedgar.com
From the last 10Q some excerpts:
As reported in form 10- Q, on October 31st 1993, the Company ceased operations and laid off all its employees on August 16 1993 . The Company handed over projects to their customers on that date. Since October 31st 1993, the Company
did not file any reports with the Securities and Exchange Commission."
"In 1999 all classes of the preferred shares, accrued dividends and interest, paid-in capital and loans payable were converted to capital stock. As a result
the Company's board of Directors on January 15, 1999 authorized issuing 3,001,185 Common Shares for all liabilities and preferred stocks."
This makes O/S 10.8MM by my calculations.
"The Company discontinued operation on August 16, 1993, however the Company maintain certain functions to continue the existence of the Corporation.
"The Company has no sources of revenue. Expenses reflect only the minimum cost of maintaining the Company's operations and miscellaneous expenses associated with
seeking a merger partner." maintain certain functions to continue the existence of the Corporation.
Stockholders services and maintaining of records were handled on an ongoing basis. In 1999, the Company filed all necessary tax returns for the years of February 1, 1993 to January 31, 1999. For financial statement purposes all
revenues and expenses are considered non-operating transactions from February 1, 1994 to the present."
"The Company's financial statements have been prepared assuming that it will continue as a going concern. As shown in the financial statements, at October 31, 1999 the Company had total assets of $7,137 and an accumulated deficit of $7,401,773. The Company obtains its entire financial support from loans from the Company's majority shareholder." |
