SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 6, 1997
CONTINENTAL AMERICAN TRANSPORTATION, INC.
Exact name of Registrant as specified in charter)
Colorado 0-18729 84-1089599
(State or other (Commission (IRS employee
jurisdiction of file number) identification
incorporation no.)
495 Lovers Lane Road, Calhoun, Georgia 30701
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(Address of principal executive office) Zip Code
Registration telephone number, including area code: (706) 629-8682
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Item 5. Other Events.
On March 6, 1997, Registrant's management learned that a
certain Japanese Government Bond transferred to it by an
investor was counterfeit. The investor, T. Pat McGlon, had
caused his brokerage firm to transfer physical possession of
the subject bond to the Registrant's brokerage firm who, when
they attempted to sell the instrument today, discovered its
counterfeit nature.
Immediately upon gaining knowledge of the counterfeit nature
of the instrument, Registrant's management instructed its
general counsel to inform the Atlanta, Georgia office of the
Federal Bureau of Investigation of all the facts and
circumstances surrounding the attempted perpetration of this
fraud upon the Registrant. In addition, the Registrant
canceled the 7% convertible preferred shares it had issued to
the investor, the final amount of which securities to be
transferred was subject to adjustment based upon the proceeds
derived from the sale of the subject fraudulent bond. The
Registrant intends to pursue all of its civil and criminal
remedies against the investor and his associates.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
CONTINENTAL AMERICAN TRANSPORTATION, INC.
By: s/Erik Bailey
Erik Bailey, Vice President
and Chief Financial Officer
Dated: March 6, 1997
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