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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (12092)	9/9/2003 12:06:44 PM
From: jmhollen	Read Replies (6) \| Respond to of 19428

WONDER HOW WILLY MISSED THIS IN HIS MRXT PUMP AND DUMP PROFILE? ITS FROM THE SEC FILINGS: IN FEBRUARY 2002, THE COMPANY WAS NAMED AS A DEFENDANT IN A COMPLAINT FILED BY AMERICAN PLASTIC EQUIPMCOVERAITSILOST.ASSET COMPLAINT ALLEGED THAT SUBSTANTIALLY ALL OF THE ASSETS ACQUIRED IN THE ACQUISITION OF MARX TOYS, INC. WERE ENCUMBERED AS COLLATERAL FOR AN OBLIGATION DUE TO AMERICAN OWED BY THE FORMER OWNER OF MARX TOYS, INC. IN THE COMPLAINT, AMERICAN ASSERTED THAT THEY HAD FILED A SECURITY INTEREST AGAINST CERTAIN ASSETS OF MARX TOYS, INC. INCLUDING PLASTIC TOY MOLDS AND NON-TOY MOLDS STORED IN TWO FACILITIES IN MAHONING COUNTY, OHIO. THE SECURITY INTEREST IS IN THE SUM OF $675,000 AND WAS RECORDED PRIOR TO THE COMPANY'S ACQUISTION OF MARX TOYS. THE COMPLAINT WAS PENDING IN THE MAHONING COUNTY COURT OF COMMON PLEAS. A MAGISTRATE AND JUDGE RULED AGAINST THE COMPANY AND THE ASSETS WERE SEIZED.