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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (1390)3/22/1999 11:09:00 AM
From: Richard Nisbet  Read Replies (1) | Respond to of 4766
 
Ga Bard,

I'm curious please post here when you're finished.....will try to assist....




To: Ga Bard who wrote (1390)3/22/1999 11:15:00 AM
From: Israel  Read Replies (1) | Respond to of 4766
 
ADEN 8-K 02/26/99
edgar-online.com

Registrant is not profitable at the present time and does not expect to
be in the near future. Registrant has limited financial resources and
there can be no assurance it will raise sufficient capital to fund its
operations or fulfill the Agreement. Registrant has a significant amount
of debt that is currently in default and it is a party in certain
litigation. In exchange for certain consideration, a shareholder
entered into an agreement previously to assume all of its debt and
indemnify the Registrant for all known litigation.

After the above rescission agreements and issuance of shares in
accordance with previous agreements, there are currently 100 million
shares of common stock outstanding and approximately 20 million
warrants to purchase common stock at prices ranging from $.01 per
share to $.25 per share. In addition to the shares of common stock
and warrants outstanding, the Company is required to issue an
additional 2,100,000 shares in conjunction with previous agreements.

Happy Investing,
Israel