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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (90539)	8/20/2001 5:11:23 PM
From: Taki	Respond to of 150070

KING. By: monvor $$$ Reply To: None Monday, 20 Aug 2001 at 2:29 PM EDT Post # of 67 In all fairness to KING, I called the office at the number I got off their website www.kingresources.com and talked to David. I can not quote everything that was said, but what I can pass on is that the rig is on site at Matagorda County, Texas and the PR on this well spudding should be out around the 22nd of August. So, with that information in mind I loaded up. David said the company was healthy and that someone was just dumping the stock for some reason. This 6900 foot well should only take a week or two and the infrastructure pipes are close. If I rubbed anyone the wrong way when I was doing my DD, I appologize. Good Luck to everyone.

To: SSP who wrote (90539)	8/21/2001 8:54:23 AM
From: msstocklady	Respond to of 150070

UPDATE – CALA CORPORATION (OTCBB: CCAA) – CLARIFICATION August 20, 2001 Stock Patrol has been contacted by the Cala Corporation regarding our August 17, 2001 update. (See Update: Cala Corporation – August 17, 2001). The Company has provided certain details concerning some of the issues addressed in our report. For the benefit of our readers, we wanted to share that clarification. Cala Corporation has asked that we remind our readers that financial information contained in a quarterly Form 10-Q filing is unaudited. As Stock Patrol readers have seen in the past, financial statements included in Form 10-K Annual Reports, and certain Form 8-K reports filed with the Securities & Exchange Commission, are audited. A Form 10-Q is not. As a result, there was nothing unusual in the fact that Cala’s June 30, 2001 Form 10-Q included unaudited numbers for I.M.O.I.L. Cala has advised us that the financial statements of I.M.O.I.L. have been audited by the firm of Deloitte Touche for the years 1999 and 2000, that such financial statements have been forwarded to Cala Corporation, and that the numbers have been filed with the SEC. As best we can determine, any such audited numbers that have been filed with the SEC do not yet appear on any document that is publicly available through the SEC’s Edgar system. The Company has further advised us that it has retained Roger Castro, an independent auditor, to prepare pro forma financials; that such pro forma financial will incorporate the Cala financials, as well as the I.M.O.I.L. financials that were audited by Deloitte and Touche; and that the pro forma will be delivered to shareholders with proxy materials relating to the I.M.O.I.L. transaction. We have also been advised that Cala’s Form, 8-K reflecting the I.M.O.I.L. transaction will be filed no later than Friday August 24, 2001. Finally, Cala Corporation has clarified the statement contained in the Company’s August 7th press release concerning the treatment of grants from European governments. That press release stated that “[a]ccording to Deloitte Touche, under GAAP standards grants from the European Governments cannot be used as an asset or revenue, which lowers the allowable U.S. figures by $2 million.” We are advised by Cala that the June 30, 2001 figures for I.M.O.I.L. that were included in the Company’s June 30th Form 10-Q do not include such government grants.