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Technology Stocks : BIFS ... Patented Environmental Cleanup and Low Float Co. -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (305)	3/31/2001 4:14:06 PM
From: scion	Read Replies (1) \| Respond to of 381

NOTE K - RESTATEMENT (continued) The new policy for valuing restricted and unrestricted shares is as follows: - unrestricted shares are valued at its traded value on the transaction date because these shares can be immediately sold; - restricted shares are valued at a simple cumulative traded average, less a 15% discount. This is because the Company's stock has been thinly traded, stock prices have been volatile and there is no readily available market. All stock transactions entered into by the Company during the nine months ended September 30, 2000, have been adjusted to reflect the change in valuing stock transactions. Stock transactions occurring on or before December 31, 1999, have not been adjusted because they have no significant impact on the Company's financial position or operations. In March and August 2000, the Company issued 5,000,000 shares of restricted common stock for professional services. The value of these services has been restated to reflect the change in stock valuation policies described above and to recognize the cost of these services over the periods of expected benefit. secinfo.com