From the 10K filed on 12-18-98 ... Ref: Steven King ...
Other Acquisitions: It has come to the attention of the Company that an agreement was executed and delivered, but never closed under, with one Mr.Stephen King and pertaining to Jet View Holdings. Contrary to the assertion of Mr. King, as he announced to the media without the authority of the Company, Jet View was never acquired since the agreement lapsed by its terms prior to
closing. Furthermore, Mr. King was never officially appointed to serve on the Board of Directors. The Company also negotiated for and obtained a commitment to acquire two separate corporations, DRC, Inc., and Disk Man. Both agreements failed to close.
The Company, on March 31, 1998, issued 200,000 shares of Common Stock under a contract with a third party, Mr. Stephen King, in exchange for an agreement to pay $100,000. The 200,000 shares were issued, but the $100,000 was never received and is still owed.
Sorry but just reading the filings since the DF and affiliates voices lack so much DD.
Gary |
