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<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
---------------
FORM 8 - K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) JANUARY 31, 2000
TAL WIRELESS NETWORKS, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
DELAWARE 0-26110 13-3768554
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission IRS Employer
or incorporation) File Number) Identification No.)
113 TYNAN WAY, PORTOLA VALLEY, CA 94028
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (650) 529-0730
---------------------------
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 3. Bankruptcy or Receivership
On October 6, 1997, the Registrant filed a voluntary petition for
protection under Chapter 11 of the Federal Bankruptcy Laws in the United States
Bankruptcy Court, Northern District of California, San Jose Division pursuant to
which the Registrant's existing directors will continue in possession but
subject to the supervision and orders of the Bankruptcy Court.
The Company plans to liquidate assets and review the claims of its
various creditors. It is unclear at this time whether there will be any funds
available for distribution to shareholders. Once this information has been
determined, the Company may file a Plan of Reorganization with the Bankruptcy
Court.
Item 7. Financial Statements and Exhibits
<TABLE>
<CAPTION>
Exhibit No. Description
<S> <C>
99.19 Summary of Financial Status of the
Registrant for the month ended
January 31, 2000, as filed with the
United States Bankruptcy Court,
Northern District of California, San
Jose Division.
</TABLE>
<PAGE>
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.
TAL WIRELESS NETWORKS, INC.
-------------------------------------
(Registrant)
Date: February 22, 2000
By: /s/RICHARD J. REDETT
---------------------------------
Name: Richard J. Redett
Title: Director
<PAGE>
EXHIBIT 99.19
<PAGE>
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
IN RE: TAL WIRELESS NETWORKS, INC. CASE NO: 97-58435 MM
--------------
CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
- -----------------------------------------------
SUMMARY OF FINANCIAL STATUS
MONTH ENDED January, 2000
-------------------------
1. Debtor in possession hereby submits this Monthly Operating Report on the
Accrual Basis of accounting (or if checked here ___ the Office of the
U.S. Trustee or the Court has approved the Cash Basis of Accounting for
the Debtor). Dollars reported in ($ _____).
<TABLE>
<CAPTION>
END OF END OF AS OF
CURRENT PRIOR PETITION
2. ASSET/LIABILITY SUMMARY MONTH MONTH FILING
------- ------ --------
<S> <C> <C> <C>
Current Assets (Market Value) $ 122,522 $ 123,141 $ 245,867
----------------- ------------------ -----------------
Total Assets (Market Value) $3,122,522 $3,123,141 $5,665,985
----------------- ------------------ -----------------
Current Liabilities $ 316,410 $ 306,452 $ 0
----------------- ------------------ -----------------
Total Liabilities $5,683,445 $5,673,487 $5,467,035
----------------- ------------------ -----------------
</TABLE>
<TABLE>
<CAPTION>
PETITION
CURRENT PRIOR DATE TO
3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH MONTH MONTH MONTH END
----- ----- ---------
<S> <C> <C> <C>
a. Total Receipts $ 0 $ 0 $285,557
----------------- ------------------ -----------------
b. Total Disbursements $ 619 $ 0 $179,516
----------------- ------------------ -----------------
c. Excess (Deficiency) of Receipts Over Disbursements (a - b) $ (619) $ 0 $106,041
----------------- ------------------ =================
d. Cash Balance Beginning of Month $123,141 $123,141
----------------- ------------------
e. Cash Balance End of Month (c + d) $122,522 $123,141
================= ==================
</TABLE>
<TABLE>
<CAPTION>
4. POST-PETITION LIABILITIES & RECEIVABLES RECEIVABLES LIABILITIES
----------- -----------
<S> <C> <C>
Balance at End of Previous Month $0 $606,452
----------------- -----------------
Balance at End of Current Month $0 $316,410
----------------- -----------------
</TABLE>
<TABLE>
<CAPTION>
5. PAST DUE POST-PETITION LIABILITIES
<S> <C>
Balance at End of Previous Month (over 30 days) $0
-----------------
Balance at End of Current Month (over 30 days) $0
-----------------
</TABLE>
<TABLE>
<CAPTION>
YES NO
--- --
<S> <C> <C>
6. Are all federal, state, and local taxes current? (if no, attach schedule of
unpaid items) X
------------------ -----------------
7. Have any payments been made to pre-petition creditors, other than payments
in the normal course to secured creditors or lessors? (if yes, attach
listing including date of payment, amount of payment and name of payee) X
------------------ -----------------
8. Have any payments been made to officers, insiders, shareholders, relatives?
(if yes, attach listing including date of payment, amount and reason
for payment, and name of payee) X
------------------ -----------------
9. Have any payments been made to professionals? (if yes, attach listing
including date of payment, amount of payment and name of payee) X
------------------ -----------------
10. If you answered yes to line 7,8, or 9, were all such payments approved by
the court? # N/A
------------------ -----------------
11. Is the estate insured for replacement cost of assets and for general
liability? N/A
------------------ -----------------
12. Are U.S. Trustee quarterly fees current? X
------------------ -----------------
</TABLE>
I declare under penalty of perjury that I have reviewed the above summary and
attached financial statements, and after making reasonable inquiry believe that
these documents are correct.
Date: 2/15/00 Richard J Redett
------------------------- ---------------------------------------
Responsible Individual
<PAGE>
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED January, 2000
-----------------
($ )
--------
ASSETS
<TABLE>
<CAPTION>
FROM SCHEDULES MARKET VALUE
-------------- ------------
<S> <C> <C>
CURRENT ASSETS
1 Cash and cash equivalents - unrestricted $ 122,522
------------------------
2 Cash and cash equivalents - restricted $ 0
------------------------
3 Accounts receivable (net) A $ 0
------------------------
4 Inventory B $ 0
------------------------
5 Prepaid expenses $ 0
------------------------
6 Other:
----------------------------------------------- ------------------------
7
------------------------------------------------------- ------------------------
8 TOTAL CURRENT ASSETS $ 122,522
------------------------
PROPERTY AND EQUIPMENT (MARKET VALUE)
9 Real property C $ 0
------------------------
10 Machinery and equipment D $ 0
------------------------
11 Furniture and fixtures D $ 0
------------------------
12 Office equipment D $ 0
------------------------
13 Leasehold improvements D $ 0
------------------------
14 Vehicles D $ 0
------------------------
15 Other: D
----------------------------------------------- ------------------------
16 D
------------------------------------------------------- ------------------------
17 D
------------------------------------------------------- ------------------------
18 D
------------------------------------------------------- ------------------------
19 D
------------------------------------------------------- ------------------------
20 TOTAL PROPERTY AND EQUIPMENT $ 0
------------------------
OTHER ASSETS
21 Notes receivable-net of allowances $3,000,000
------------------------------------------------------- ------------------------
22 Investment-NST $ 0
------------------------------------------------------- ------------------------
23 Investment-subs $ 0
------------------------------------------------------- ------------------------
24 Accounts receivable-intercompany net of allowances $ 0
------------------------------------------------------- ------------------------
25 TOTAL OTHER ASSETS $3,000,000
------------------------
26 TOTAL ASSETS $3,122,522
========================
</TABLE>
NOTE:
Indicate the method used to estimate the market value of assets
(e.g., appraisals; familiarity with comparable market prices,
etc.) and the date the value was determined.
-------------------
---------------------------------------------------------------
---------------------------------------------------------------
---------------------------------------------------------------
---------------------------------------------------------------
---------------------------------------------------------------
<PAGE>
LIABILITIES AND EQUITY
(GENERAL BUSINESS CASE)
($ )
--------
<TABLE>
<CAPTION>
LIABILITIES FROM SCHEDULES
--------------
POST-PETITION
CURRENT LIABILITIES
<S> <C> <C> <C>
27 Salaries and wages
--------------------
28 Payroll taxes
--------------------
29 Real and personal property taxes
--------------------
30 Income taxes
--------------------
31 Notes payable (short term)
--------------------
32 Accounts payable (trade) A
--------------------
33 Real property lease arrearage
--------------------
34 Personal property lease arrearage
--------------------
35 Accrued professional fees $291,410
--------------------
36 Current portion of long-term debt (due within 12 months)
--------------------
37 Other:
--------------------------------------- --------------------
38 Unearned Deposit for legal fees $25,000
------------------------------------------------------ --------------------
39
------------------------------------------------------ --------------------
40 TOTAL CURRENT LIABILITIES $316,410
--------------------
41 LONG-TERM DEBT, NET OF CURRENT PORTION
--------------------
42 TOTAL POST-PETITION LIABILITIES $316,410
--------------------
PRE-PETITION LIABILITIES (ALLOWED AMOUNT)
43 Secured claims E
--------------------
44 Priority unsecured claims E $101,776
--------------------
45 General unsecured claims E $5,265,259
--------------------
46 TOTAL PRE-PETITION LIABILITIES $5,367,035
--------------------
47 TOTAL LIABILITIES $5,683,445
--------------------
EQUITY (DEFICIT)
48 Preferred Stock $80,000
------------------------------------------------------ --------------------
49 Common Stock $28,846
------------------------------------------------------ --------------------
50 Additional Paid-In Capital $18,461,441
------------------------------------------------------ --------------------
51 Accumulated Deficit ($21,096,467)
------------------------------------------------------ --------------------
52 Market value adjustment ($34,743)
--------------------
53 TOTAL EQUITY (DEFICIT) ($2,560,923)
--------------------
54 TOTAL LIABILITIES AND EQUITY (DEFICIT) $3,122,522
=====================
</TABLE>
<PAGE>
SCHEDULES
(GENERAL BUSINESS CASE)
($ )
--------
SCHEDULE A
ACCOUNTS RECEIVABLE(NET)/PAYABLE
<TABLE>
<CAPTION>
ACCOUNTS ACCOUNTS PAYABLE
Receivables and Payables Ageings RECEIVABLE [POST PETITION] POST PETITION DEBT
<S> <C> <C> <C>
0 -30 Days
----------------- --------------------
31-60 Days
----------------- --------------------
61-90 Days $0
----------------- -------------------- --------------------------
91+ Days
----------------- --------------------
Total accounts receivable/payable $0 $0
----------------- ====================
Allowance for doubtful accounts
-----------------
Accounts receivable (net) $0
=================
</TABLE>
SCHEDULE B
INVENTORY/COST OF GOODS SOLD
<TABLE>
<CAPTION>
TYPES AND AMOUNT OF INVENTORY(IES) COST OF GOODS SOLD
---------------------------------- ------------------
<S> <C> <C> <C>
INVENTORY(IES) Inventory Beginning of Month
BALANCE AT ------------------------
END OF MONTH
------------ Add -
Retail/Restaurants - Net purchases
------------------------
Product for resale Direct labor
---------------------- ------------------------
Manufacturing overhead
------------------------
Distribution - Freight in
------------------------
Product for resale Other:
----------------------
------------------------ ------------------------
Manufacturer -
------------------------ ------------------------
Raw materials
----------------------
Work-in-progress Less -
----------------------
Finished goods Inventory End of Month
---------------------- ------------------------
Shrinkage
------------------------
Other - Personal Use
---------------------- ------------------------
Explain
-------------------
Cost of Goods Sold $0
---------------------------- ========================
TOTAL $0
======================
<CAPTION>
METHOD OF INVENTORY CONTROL INVENTORY VALUATION METHODS
--------------------------- ---------------------------
<S> <C>
Do you have a functioning perpetual inventory system? Indicate by a checkmark method of inventory valuation used.
Yes No
---- ---
How often do you take a complete physical inventory? Valuation methods -
FIFO cost
--------------------
Weekly LIFO cost
---- --------------------
Monthly Lower of cost or
----
Quarterly market
---- --------------------
Semi-annually Retail method
---- --------------------
Annually
----
Other -
--------------------
Date of last physical inventory was Unknown Explain
-----------------
----------------------------------------
Date of next physical inventory is N/A
----------------- ----------------------------------------
</TABLE>
<PAGE>
SCHEDULE C
REAL PROPERTY
<TABLE>
<CAPTION>
<S> <C> <C>
DESCRIPTION COST MARKET VALUE
None
--------------------------------------------------------- -------------------- ------------------------
--------------------------------------------------------- -------------------- ------------------------
--------------------------------------------------------- -------------------- ------------------------
--------------------------------------------------------- -------------------- ------------------------
TOTAL $0 $0
==================== ========================
SCHEDULE D
OTHER DEPRECIABLE ASSETS
DESCRIPTION COST MARKET VALUE
MACHINERY & EQUIPMENT -
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
TOTAL $0 $0
==================== ========================
FURNITURE & FIXTURES -
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
TOTAL $0 $0
==================== ========================
OFFICE EQUIPMENT -
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
TOTAL $0 $0
==================== ========================
LEASEHOLD IMPROVEMENTS -
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
TOTAL $0 $0
==================== ========================
VEHICLES -
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
---------------------------------------------------------- -------------------- ------------------------
TOTAL $0 $0
==================== ========================
</TABLE>
SCHEDULE E
PRE-PETITION LIABILITIES
<TABLE>
<CAPTION>
CLAIMED ALLOWED
LIST TOTAL CLAIMS FOR EACH CLASSIFICATION - AMOUNT AMOUNT (b)
------------------------------------------- ------ ----------
<S> <C> <C>
Secured claims (a)
-------------------- ------------------------
Priority claims other than taxes
-------------------- ------------------------
Priority tax claims $101,776
-------------------- ------------------------
General unsecured claims $5,265,259
-------------------- ------------------------
</TABLE>
(a) List total amount of claims even if under secured.
(b) Estimated amount of claim to be allowed after compromise or
litigation. As an example, you are a defendant in a lawsuit
alleging damage of $10,000,000 and a proof of claim is
filed in that amount. You believe that you can settle the
case for a claim of $3,000,000. For Schedule E reporting
purposes you should list $10,000,000 as the Claimed Amount
and $3,000,000 as the Allowed Amount.
SCHEDULE F
RENTAL INCOME INFORMATION
<PAGE>
STATEMENT OF OPERATIONS
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED January, 2000
-----------------
$
----------------
<TABLE>
<CAPTION>
CURRENT MONTH
- ---------------------------------------------------------
ACTUAL FORECAST VARIANCE
REVENUES
<C> <C> <C> <S>
$0 1 Gross Sales
- ------------------ ----------------- ----------------
$0 2 less: Sales Returns & Allowances
- ------------------ ----------------- ----------------
$0 3 Net Sales
- ------------------ ----------------- ----------------
$0 4 less: Cost of Goods Sold (Schedule 'B')
- ------------------ ----------------- ----------------
$0 5 Gross Profit
- ------------------ ----------------- ----------------
$0 6 Interest
- ------------------ ----------------- ----------------
7 Other Income:
$0 8 Miscellaneous
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$0 9 Insurance Settlement
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$0 $0 $0 10 TOTAL REVENUES
- ------------------ ----------------- ----------------
EXPENSES
$0 11 Compensation to Owner(s)/Officer(s)
- ------------------ ----------------- ----------------
$0 12 Salaries/Commissions
- ------------------ ----------------- ----------------
$0 13 Management Fees
- ------------------ ----------------- ----------------
$0 14 Depreciation
- ------------------ ----------------- ----------------
$0 15 Taxes:
- ------------------ ----------------- ----------------
$0 16 Employer Payroll Taxes
- ------------------ ----------------- ----------------
$0 17 Real Property Taxes
- ------------------ ----------------- ----------------
$0 18 Other Taxes
- ------------------ ----------------- ----------------
$0 19 Other Selling
- ------------------ ----------------- ----------------
$0 20 Other Administrative
- ------------------ ----------------- ----------------
$0 21 Write-off Investment Subs
- ------------------ ----------------- ----------------
22 Other Expenses:
$0 23 Storage Rental
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$0 24 Accounting
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$0 25 Press Release
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$0 26 Telecommunications
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$369 ($369) 27 SEC Reporting
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$0 28 Litigation Costs
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$0 29 Write-off of Accounts Receivable
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$0 30 Writedown of Notes Receivable
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$369 $0 ($369) 31 TOTAL EXPENSES
- ------------------ ----------------- ----------------
($369) $0 ($369) 32 SUBTOTAL
- ------------------ ----------------- ----------------
REORGANIZATION ITEMS
$9,958 ($9,958) 33 Professional Fees
- ------------------ ----------------- ----------------
$0 34 Provisions for Rejected Executory Contracts
- ------------------ ----------------- ----------------
Interest Earned on Accumulated Cash
$0 35 Resulting from Chp 11 Case
- ------------------ ----------------- ----------------
$0 36 Gain or (Loss) from Sale of Equipment
- ------------------ ----------------- ----------------
$250 ($250) 37 US Trustee Fees
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$0 38 Loss from Sale of Investments
- ------------------ ----------------- ---------------- ------------------------------------------------------------
$10,208 $0 ($10,208) 39 TOTAL REORGANIZATION ITEMS
- ------------------ ----------------- ----------------
($10,577) $0 ($10,577) 40 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES
- ------------------ ----------------- ----------------
$0 41 Federal & State Income Taxes
- ------------------ ----------------- ----------------
($10,577) $0 ($10,577) 42 NET PROFIT (LOSS)
================== ================= ================
</TABLE>
<TABLE>
<CAPTION>
CUMULATIVE NEXT MONTH
(CASE TO DATE) FORECAST
REVENUES
<S> <C> <C>
1 Gross Sales $7,000
-------------------- --------------------
2 less: Sales Returns & Allowances
-------------------- --------------------
3 Net Sales $7,000 $0
-------------------- --------------------
4 less: Cost of Goods Sold (Schedule 'B') $68,271
-------------------- --------------------
5 Gross Profit ($61,271) $0
-------------------- --------------------
6 Interest $92
-------------------- --------------------
7 Other Income:
8 Miscellaneous $4,340
-------------------------------------------------------------- -------------------- --------------------
9 Insurance Settlement $130,000
-------------------------------------------------------------- -------------------- --------------------
10 TOTAL REVENUES $73,161 $0
-------------------- --------------------
EXPENSES
11 Compensation to Owner(s)/Officer(s)
-------------------- --------------------
12 Salaries/Commissions
-------------------- --------------------
13 Management Fees
-------------------- --------------------
14 Depreciation
-------------------- --------------------
15 Taxes:
-------------------- --------------------
16 Employer Payroll Taxes
-------------------- --------------------
17 Real Property Taxes
-------------------- --------------------
18 Other Taxes $2,303
-------------------- --------------------
19 Other Selling
-------------------- --------------------
20 Other Administrative $2,322
-------------------- --------------------
21 Write-off Investment Subs $112,618
-------------------- --------------------
22 Other Expenses:
23 Storage Rental $6,045
--------------------------------------------------------------- -------------------- --------------------
24 Accounting $1,510
--------------------------------------------------------------- -------------------- --------------------
25 Press Release $725
--------------------------------------------------------------- -------------------- --------------------
26 Telecommunications $5,015
--------------------------------------------------------------- -------------------- --------------------
27 SEC Reporting $10,632
--------------------------------------------------------------- -------------------- --------------------
28 Litigation Costs $1,193
--------------------------------------------------------------- -------------------- --------------------
29 Write-off of Accounts Receivable $55,156
--------------------------------------------------------------- -------------------- --------------------
30 Writedown of Notes Receivable $2,000,000
--------------------------------------------------------------- -------------------- --------------------
31 TOTAL EXPENSES $2,197,519 $0
-------------------- --------------------
32 SUBTOTAL ($2,124,358) $0
-------------------- --------------------
REORGANIZATION ITEMS
33 Professional Fees $408,736
-------------------- --------------------
34 Provisions for Rejected Executory Contracts
-------------------- --------------------
Interest Earned on Accumulated Cash
35 Resulting from Chp 11 Case
-------------------- --------------------
36 Gain or (Loss) from Sale of Equipment $4,592
-------------------- --------------------
37 US Trustee Fees $3,250
--------------------------------------------------------------------- -------------------- --------------------
38 Loss from Sale of Investments $220,000
--------------------------------------------------------------------- -------------------- --------------------
39 TOTAL REORGANIZATION ITEMS $627,394 $0
-------------------- --------------------
40 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES ($2,751,752) $0
-------------------- --------------------
41 Federal & State Income Taxes
-------------------- --------------------
42 NET PROFIT (LOSS) ($2,751,752) $0
==================== ====================
EXPLANATION OF VARIANCE TO STATEMENT OF OPERATIONS
(FOR VARIANCES GREATER THAN +/- 10% ONLY)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED January, 2000
-----------------
<TABLE>
<S> <C>
CASH BALANCE BEGINNING OF MONTH $123,141
----------------------
CASH RECEIPTS (1) $0
----------------------
CASH DISBURSEMENTS (1) $619
----------------------
EXCESS (DEFICIENCY) OF RECEIPTS OVER DISBURSEMENTS ($619)
----------------------
CASH BALANCE END OF MONTH $122,522
======================
</TABLE>
<TABLE>
<CAPTION>
RECAPITULATION OF FUNDS HELD AT END OF MONTH
ACCOUNT 1 ACCOUNT 2 ACCOUNT 3
--------- --------- ---------
<S> <C> <C> <C>
BANK Wells Fargo Mallesons Stephen Murray & Murray
--------------------- --------------------- ----------------------
ACCOUNT TYPE Checking Trust Account Trust Account
--------------------- --------------------- ----------------------
ACCOUNT NO. 0114-458243
--------------------- --------------------- ----------------------
ACCOUNT PURPOSE General Litigation Trust Deposit Trust
--------------------- --------------------- ----------------------
BALANCE, END OF MONTH $71,349 $26,173 $25,000
--------------------- --------------------- ----------------------
TOTAL FUNDS ON HAND FOR ALL ACCOUNTS $122,522
=====================
</TABLE>
(1) Excluding bank transfers between your accounts.
|
|