The company IR Rep has said that an 8-K of the sale is pending submission to EDGAR.
5. The SEMCO acquisition was false and never occurred.
A PROVEN LIE. The sale was identified on page 15 in the 2004 10-KSB audited financials. The company IR Rep has said that an 8-K of the sale is pending submission to EDGAR. sec.gov;
Message 22459146
On January 15, 2006 the Company purchased the controlling shares of Semco Distribution, Inc., a Nevada corporation and Ultimate Surface LLC, a Nevada limited liability Company. The purchase was for a total sum of $2,750,000 payable as follows; $100,000 deposit, $550,000 upon completion of escrow, shares of restricted common stock with a valuation of $100,000 and $2,000,000 to be paid as cash performance payments based upon certain funding requirements.
[...]
Both of these entities are now wholly owned subsidiaries of the Company.
sec.gov |
