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Microcap & Penny Stocks : IDMC Waste disposal or just garbage?

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To: ForYourEyesOnly who wrote (747)5/19/1998 1:17:00 AM
From: SIer formerly known as Joe B.   of 972
 
Sorry my last post was meant for another thread.
Any how today's filing has a silver lining.
Direct:
freeedgar.com

or freeedgar.com

PART III
NARRATIVE
--------------------------------------------------------------------------------

State below in reasonable detail the reasons why Forms 10-K, 10-KSB, 11-K.
20-F, 10-Q, 10-QSB, N-SAR, or the transition report or portion thereof could not
be filed within the prescribed time period. (Attach extra sheets if needed.)

The registrant is presently engaged in in-depth
discussions and negotiations relating to the financing
of the registrant's proposed power project in El Salvador.
As a result of the time and resources devoted to
carrying out such efforts, the registrant is unable to file
its Form 10-Q for the quarter ended March 31, 1998 by the
prescribed due date.

Would they tell the SEC this if financing wasn't going to be
completed very soon? I don't think so, they'd have come up
with another excuse.

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