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Microcap & Penny Stocks : PELT Princeton American Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Steve L. who wrote (16)	3/11/1998 3:27:00 AM
From: D. Katz	Respond to of 19

I haven't heard about Princeton recently. I just got this letter in the mail regarding Minco, the "parent" of Princeton. Perhaps I should start a new thread Minco American Corp. PO Box 2057 Prescott AZ 86302 To: All Shareholders We enclose a new share certificate from Crosby Financial Corporation which until now has been a subsidiary of Minco American Corporation. The Board of Directors decided to distribute the shares of this company to our shareholders in proportion to their present holdings in Minco American Corporation. These shares do not presently have any market value and no market exists for the sale or purchase of these shares and they have been restricted for sale for a period of 2 years from the issue date. At the present time Crosby Financial Corporation has no current operations however, it's chief operating officer Edward Crosby, President is pursuing development of extensive Real Estate Financing resources and expects to have operations in place during the next 12 months. Corporate operations are presently located at 2425 E. Camelback, Phoenix, Az. 85016.. They may be reached by e-mail at recrosby@primenet.com or by phone at 602-912-8575. You may expect to receive further information regarding the progress of the development of this company in the future FROM THE BOARD OF DIRECTORS

To: Steve L. who wrote (16)	4/29/1998 2:48:00 PM
From: D. Katz	Read Replies (1) \| Respond to of 19

Postmarked 4/27/98, rcvd 4/29 from Lewis & Roca, LLP, 40 North Central Ave, Phoenix, AZ 85004-4429. "UNITED STATES BANKRUPTCY COURT DISTRICT OF ARIZONA In re PRINCETON AMERICAN CORPORATION, debtor . EID 22-1848644 Case No. 96-13675PHX JMM Chapter 11 NOTICE OF HEARING Notice is given that a hearing will be given at the United States Bankruptcy Court, 2929 North Central Avenue, Phoenix, Arizona, 11th Floor, Courtroom 3, on the 20 day of MAY, 1998 at 1000 o'clock A.m. to consider and act upon: The First and Final Application for Allowance of Administrative Expense for Creditors' Substantial Contribution. William C. Taylor, by and through Lewis and Roca LLP, attorneys for William C Taylor, requests an allowance for administrative expense for services rendered and expenses incurred on behalf of Taylor. Taylor made a substantial contribution to this estate and requests reimbursement pursuant to 11 U.S.C 503 (b)(3)(D). Lewis and Roca rendered services to Taylor during the period of March 31, 1997 through December 10, 1997 and incurred $98284.00 fees and $10,010.69 expenses or a total of fees and expenses of $108,294.69. Any party in interest who wants to object to the entry of an order requested in the application can ... DATED this 22 day of April, 1998." U.S. BANKRUPTCY COURT" I wonder how much this dog is worth and where the money is going to come from? Any thoughts. Dave