Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : PHCC Priority Healthcare -- Ignore unavailable to you. Want to Upgrade?

To: afrayem onigwecher who wrote (20)	12/31/2000 10:15:23 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 103

Isaak, the article forgot to mention: biz.yahoo.com December 29, 2000 MULTIMEDIA K I D INC (MKID) form 8-K ITEM 5. OTHER EVENTS. On December 21, 2000, the Tel Aviv District Court appointed Daniel Friedman, an Israeli lawyer, as a liquidator of Registrant's operating subsidiary in Israel, Multimedia K.I.D. Intelligence in Education Ltd. ("MKID Israel"). Mr. Friedman was appointed by the Court in response to a petition by employees of MKID Israel. These employees claimed that MKID Israel did not have the ability to pay their salaries and would not be able to pay to terminated employees the severance required by Israeli law. The liquidator will have authority granted by the Court to manage MKID Israel, protect its assets and determine whether MKID Israel should be operated, sold or liquidated. The liquidator will investigate MKID Israel's operations and make a recommendation to the Court as to the appropriate course of action for MKID Israel. Registrant cannot predict what action will result from the appointment of Mr. Friedman as liquidator or whether Registrant will ultimately receive any value for its shares in MKID Israel. Registrant conducts substantially all of its operations through MKID Israel and substantially all of the operating assets of the business are held by MKID Israel. Accordingly, if Registrant does not realize any value for its shares in MKID Israel, it would be likely that Registrant's shareholders would not realize any value for their shares as well. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MULTIMEDIA K.I.D., INC. Date: December 28, 2000 By: /s/ Cliff DeGroot ------------------------ Cliff DeGroot Chief Financial Officer