Part of the proposal is -Shares of Co be consolidated on one for...

Part of the proposal is -

Shares of Co be consolidated on one for five basis
Company be authorised to allot and issue
20,000,000 shares to the investment group at issue price of $0.002 ea and
78,000,000 shares to the investment group at an issue price of 0.009 ea toether with 39000000 fee Options on basis of one free option for every two shares subscribed
To raise $742000


Recapitalisation proposal was put forward by Winning Corporate on behalf of investment group by Deed Administrators on 15 March 2006

New Board of direcors intend to continue insolvency and admin business currently operaed by KIA

Change of name to Reco Financial Services Limited

General Meeting on 14 June at Nicols & Brien Level 2 350 Kent St. Sydney NSW at 11 am