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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who started this subject1/16/2003 5:09:38 PM
From: SSP  Read Replies (2) of 150070
 
MDBU shell 10 bagger in 2 sessions - MDBU - Item 2. Management Discussion and Analysis and Plan of Operations 
 MDBU        open      high     low     close    change       volume            
 01/16/03     0.19     0.45     0.17     0.42    +0.24       312,600            
 01/15/03     0.04     0.18     0.04     0.18    +0.14       648,600            
 01/14/03     0.03     0.04     0.03     0.04    +0.04       112,600            
 01/13/03     0.00     0.04     0.03     0.00    -0.03             0


We had hoped to continue to pursue the hotel market for interactive media distribution, but we were not been able to acquire the necessary funding for the project. As such we laid off all employees of the Company and have scaled operations down to a minimum. We are now searching for a merger candidate and/or significant acquisition.

In our opinion, we do not have available funds to satisfy our working capital requirements. We need to raise additional capital immediately to conduct our operations. Such additional capital may be raised through public or private financing as well as borrowings and other sources. We cannot guaranty that additional funding will be available on favorable terms, if at all. If adequate funds are not available, we may have to contemplated a plan of reorganization and/or liquidation in the event that we do not acquire financing.

We are not currently conducting any research and development activities, other than the search for a merger candidate. We do not anticipate conducting any other such activities in the next three months.

We do not anticipate that we will hire any employees in the next three to six months, unless we acquire financing. We believe our future success depends in large part upon the success in finding a qualified merger candidate.
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