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


To: StocksDATsoar who wrote (113358)4/4/2003 5:56:43 PM
From: StockDung  Respond to of 150070
 
DRIVIN THAT TRAIN, HIGH ON COCAINE, CASEY JONES YOU BETTER WATCH YOUR SPEED. TROUBLE AHEAD, TROUBLE BEHIND....

i.) On December 30, 2002, the Company received a notice of federal tax lien, filed of record in the Broward County, Florida courts system by the Internal Revenue Service which affects the claim of Scott H. Wilding to receive property or anything of value from the Company. The tax lien, filed January 31, 2002, is in the principal amount of $1,391,186.56. The Company has verified that the person identified in that tax lien is the same and identical person purporting to be the beneficial owner of those Subject Shares set forth in the table immediately above. Accordingly, the Company has notified its Transfer Agent of the pendency of this lien and instructed it to place an administrative hold on any property claimed by Mr. Wilding. The Company has received documentation from the State of Florida, Division of Corporations, that indicates that Mr. Wilding is the controlling person of Research Investment Group, Inc., or that it is his corporate alter-ego, thereby rendering the Company liable if it elects to ignore the IRS lien, unless the IRS notifies the Company that it views the relationship between Mr. Wilding and Research Investment Group, Inc., as being a clear division of interest. The federal tax lien is filed as instrument number 101672731 in Book 32736 at Page 0669 in the records of Broward County, Florida.