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EXHIBIT B-3

MAINSTREAMMANAGEMENTC re atin g V alu e, D riv in g R es ults

G L C L im i t e d , In c .F in a n c ia l A n a ly s is

F o r Y e a r s E n d in g D e c e m b e r 3 1 1 2 0 0 8 , 2 0 0 9 , a n d 2 0 1 0

. ': ~'.' . : :; '. ", . ,".i..\~:':'.::-:.::".:_ ; = ' : ': " : . ' : .: " ,,~ ~. "'. ~, !. . ~


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Creating lhllvt. D1Mng R e su l ls

Fe b ru a ry 2 3 ,2 0 10

G LC lim ite d, Inc.A ttn : G re g C ra btre e a nd J im B urrittG LC L im ite d d ba G lo ba l L iq uid atio ns C en te rPO Box 6 70 .P ro cto rv ille , O H 4 5 66 9Gent lemen:A s a p art o f o ur w ork , w e p erfo rm ed a fin an cia l re vie w o f th e fin an cia l s ta te me nts fo r th e th re eye ar p erio d e nd in g D ec em be r 3 1t 2008, 2009 and 2010. A s a part of th is rev iew , w e took tim eto u nd ers ta nd th e c urre nt re co rd ke ep in g p ro ce ss a nd w ork ed to o bta in b an k d eta il to v alid atea pp ro p ria te c la ss ific atio n o f tr an sa ctio n s a nd e stim a te s u se d in th e fin an cia l s ta te m en ts . D u e tos om e u nfo re se en is su es , th ere a re s till s om e u nre co nc ile d d iffe re nc es in th e e nc lo se d fin an cia ls ta te me nts . W ith fu rth er a ss is ta nc e fro m th e b an ks a nd m o re d is clo su re fro m th e In ve sto rg ro up , w e b elie ve it is p os sib le to d ete rm in e th e u nre co nc ile d d iffe re nc es .In a dd itio n to th es e s erv ic es , M a in Stre am p erfo rm e d a 1 3-w ee k c as h flo w fo re ca st, w hic h h asp re vio u sly b e en p ro vid e d.W e h av e a pp re cia te d th e o pp ortu nity to w ork w ith y ou .Sincerely,

tA~ U < . R u J r u \. L aurie R ueber, C PAD ire cto r o f B u sin e ss D e ve lo pm e nt


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TABLE O F CO NTE NTS

1.0 Balance Sheet 42.0 Income Statement. 53.0 N otes to the Financial S ta tem ents : 6

Note 1 ~ N ature of the Business 6Note 2 - Cash and Gash equivalents 8Note 3- A ccount s Recei vab le 9Note 4 - Inventory : 1 0 .Note 5 - O ther receivables 15Note 6 - Property and equipment 17Note 7 -Intangibles 18N ote 8 - Accrued liabilities 19N ote 9 -Investor liability 19Note 10 - L in e o f c re di t a n d loans 23N ote 11 - C om mitm en ts an d contingencies 24Note 12 ~ Equity 24Note 13- Unreconclled differences 25Note 14 ~ Safes ~ 25N ote 15 - Cost of Goods Sold , 27N ote 16 - Se ll ing , genera l and admlnlsfratlve expenses (SG&A) 27Note 17 - Other income (expense) 28

APPEN D IX ,.29A. Investor GAP Analysfs : , 29

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2.0 Income StatementGLC LimitedFinancial Statements(in thousands)

Notes 2008 2009 2010Sales (14) $ 606,000 $ 1,606,000 $ 3,742,000Cost of goods sold (15) 394,000 1,044,000 2,433,000

Gross Profit 212,000' 562,000 1,309,000Gross Profit %SG&A (16) 423,000 1,678,000 3,532,000Operating Income (loss) (211,000) (1,116,000) (2,223,000)Other income (expense): (17)Other income 40,000 5,000 37,000Other expense 191,000 46,000 408,000Net Income (loss) $ (362,000} $ (1,157,000) $ (2,594,OOO)

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3.0 Notes to the Financial StatementsT he fo llo win g n ote s w ill p ro vid e in fo rm atio n to b e re ad in c on ju nc tio n w ith th e p re se nte dfin an cia l s ta te m en ts o f G L C L im ite d, In c.T he c om pa ny 's fin an cia l s ta te me nts a re b ein g re po rte d fo r th e p erio d J an ua ry , 2 00 8 th ro ug hD e ce m be r 2 01 o .D u rin g th is p er io d, th ere w a s n o a cc ura te tra ck in g o f s ale s, e xp en se s, in ve nto ry p urc ha se s,in ve stm en ts o r re tu rn s to in ve sto rs . T he c om pa ny d ld n ot u tiliz e a ny m a na ge m en t re po rtin gs ys te m, n or d id th ey h av e a g oo d in te rn al c on tro l p ro ce ss fo r re ce iv in g, s hip pin g o r tra ck in gin ve nto ry . O ve r th is p erio d o f t im e th e a cc ou ntin g d utie s w ere tra ns fe rre d b etw ee n tw oin div id ua ls . T h e firs t in div id ua l w as a n e xte rn al a cc ou nta nt. w h os e re sp on sib ilitie s in clu de dp ay ro ll a nd ta x filin gs . S he w as n ot re sp on sib le fo r d ay -to -d ay b oo kk ee pin g a nd d ld n ot u se th ec om pa ny tln an ola ls fo r a ny th in g m ore th an tra ck in g e xp en se s. In th e s prin g o f 2 01 0, th eC om pa ny a dd ed a n in te rn al b oo kke ep er w ho d id n ot h av e th e e xp erie nce n ec es sa ry to m aketh e c h an g es t o c o rr ec tly r ep o rt fi na n cial p e rfo rm a n ce .B ec au se o f th e la ck o f g oo d re po rtin g, th e fin an cia l s ta te me nts a s p re se nte d a re b as ed o ntra ckin g m ov em en ts o f c ash th ro ug h 2 8 b an k a cco un ts, a s w ell a s th e u se o f e stim ate s a nda ss um p tio ns , w h ic h c ou ld d iffe r fro m a ctu al re su lts . T h e fo llo w in g in fo rm a tio n d es crib es th ep ro ce ss es , e stim ate s a nd a ss um ptio ns u se d to c om pile th e fin an cia l s ta te me nts fo r G LCL im i te d , In c .

Note 1..Nature of the BusinessG LC L im ite d, In c. (C om pa ny) is a C C orp ora tion , e sta blish ed in th e sta te o f W est V irg in ia o nM arch 2 4, 2 00 4. T he C om pa ny's m ain b usin ess sinc e 2 008 h as b ee n o pe ra tin g g en era lm e rc ha nd is e re ta il d is co un t s to re s in th re e s ta te s. T h es e re ta il o utle ts p ro v id e lo w - a nd m id dle -in co m e c on su me rs a v arie ty o f v alu e p ric ed m erc ha nd is e. M u ch o f th e m erc ha nd is e c am e fro mla rg er re ta il c ha in s a nd in clu de d m erc ha nd is e th at w as re tu rn ed o r w o uld g en era lly b ec on sid ere d s he lf p ulls , w he re s ale s v olu me s w ere to o lo w to w arra nt s pa ce in th e re ta ile rs ' p la n-o -g ra m. T he C om pa ny 's p ro du cts fit in to th e m ajo r c ate go rie s o f h ou se wa re s, fu rn itu re ,a pp lia nc es , s ea so na l g oo ds , a pp are l a nd d om es tic s, h ea lth a nd b ea uty a id s, p ac ka ge d fo oda nd h om e cle an ing su pp lies . T he y a lso m ad e se ve ra l v ery la rg e p urch ase s fo r ite ms su ch a sre ad y to a ss em ble k itc he n a nd b ath c ab in ets , p otte ry , p erfu me , a nd fo od a nd b ev era ge ite msth at w ere n ea rin g th eir e xp iratio n d ate . M an ag em en t w as m ore fo cus ed o n m akin g d eals th anc on sid erin g p ote ntia l e xit s tra te gie s fo r m erc ha nd is e p urc ha se d. T he re su lt h as b ee n a la rg eq ua ntity o f m erch an dise w ith little o r n o in ve ntory tu rn s O ve r the la st 2 4 - 3 0 m on th s.

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Note 1- Nature of the Business (continued)T he C om pa ny a ls o h as tw o s pe cia lty s to re s fo cu sin g o n g en era l h ard wa re m erc ha nd is e a ndte am sp ortin g g ood s an d a pp are l. T he h ard wa re sto re o pe ned in D ece mb er 2 00 9 a nd thes po rtin g g oo ds s to re w as p urch as ed in S ep te m be r 2 00 9.T he c ha rt b elo w s um m ariz es o pe nin gs a nd c lo sin gs o f th e g en era l m e rc ha nd is e s to re s fo r th ey ea r's e nd in g D ec em b er 3 1, 2 00 8, 2009, 2010 and Y TD 2011:

Beginning Net EndingStofe Stores Stores Increase} StoreCount Opened Closed (Decrease) Count2008 2 1 (1) 12009 1 5 1 4 52010 5 3 2 1 6TO 2011 6 3 (3) . 3

P rio r to 2 00 8, G LC m a na ge me nt d id n ot h av e a ny s ig nific an t re ta il e xp erie nc e. A s s uc h, th erew as n ev er a s tra te gy d ev elo pe d fo r s to re lo ca tio ns o r w ha t s oc lo -e co no m lc n eig hb orh oo dsp re se nte d th e b es t o pp ortu nitie s fo r s uc ce ss . R eta il o utle ts w ere o pe ne d a nd th en 5 to 2 5m onths late r w ere clo se d in w ha t ca n on ly b e d escrib ed a s a h it o r m iss ap pro ach. S in ceDecember 31,2010, th re e lo ca tio ns h av e c lo se d a ll d ue to la ck o f s ale s v olu m e.In ad ditio n to the re ta il store s, th e C om pa ny sells item s o n e8 ay. E -8a y re ve nu es m ake u p le ssthan 8% , 2% and 3% of to tal revenues for the year's ending D ecem ber 31, 2008, 2009 and2010, respectively.T he d is co un t s to re s w ere s up po rte d b y fo ur w are ho us es lo ca te d in H un tin gto n, W e st V irg in ia(2 ), P ro cto rv ille , O hio (1 ), a nd C olu mb us , O hio (1 ). T he P ro cto rv ille w are ho us e w as c lo se d inF ebru ary, 2 01 1 in a co st sav ing s effort. T he w are ho uses are on m on th -to -m on th ren ta la gre em en ts, w ith co mb in ed lea se co sts o f $1 7,0 00 pe r m on th. T he C om pa ny h as occu pie d th etw o la rg es t w are ho us es s in ce th e fa ll o f 2007 a nd s ec on d q ua rte r 2 00 8.I n ve s to r con tr ibu ti on sThe term investor is used to coincide with terms that are famifiar to the company. Intruth each investor provided cash to the company on the basis of a written or oralagreement which provided for interest and had terms of repayment. For the purposes ofthese financial statements and to be consistent with the company's classification, thesestatements will refer to people in this category as an "tnvestor"..

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Note 1-Nature of the Business (continued)P rio r to G LC , th e p re sid en t o f th e C om pa ny o wn ed a nd o pe ra te d a o on stru ctio n b us in es s.D urin g th is tim e, he m et a lo cal b usine ss p erson an d he lpe d h im com ple te a con struction p rojecttha t h ad g on e a wry. A s a sig n o f his a pp reciatio n, this ind iv idu al loa ne d the n ow p resid ent o fG LC $1 10,0 00 to sta rt the C om pan y. T his ind iv idu al w as rep aid $9 8,00 0 on his lo an s to theC om pa ny o ver the pe rio d 2 00 7-20 10 a nd forg av e the re maining $ 12,0 00 b ala nce on th e lo an .A s G LC b eg an s ea rc hin g fo r a dd itio na l In ve sto rs , th is in div id ua l In tro du ce d th e C om pa nyp reside nt to th e first o f its curren t In vesto rs. In the su mm er of 2 00 7, the n ew In vesto r ga ve h isfirs t c on trib utio n a nd in th e fo llo win g fe w m on th s re ce iv ed p ay me nts a s a re tu rn o n th is o rig in alin ve stm en t. L ate r th at s um m er, th e In ve sto r m a de a n a dd itio na l in ve stm e nt. In e arly fa ll,a no th er In ve sto r m ad e a c on trib utio n a nd re ce iv ed th eir m on th ly o r q ua rte rly in te re st p aym e nts .In e arly 20 08 , a few m ore joine d a nd the In ve sto r g ro up started to g ro w.T he p ro mis ed a nn ua liz ed ra te o f re tu rn , d es crib ed in th e a gre em e nts re vie we d, ra ng ed fro m5 0% to 1 33 %. W hile som e a gree men ts sta te d th e o rig in al inv estm en t w ould b e returne d w ithina sta ted period (3 - 12 m onths), others w ere open ended and the Investor could choose w hento p ull th e in ve stm en t o ut. In div id ua ls w ere in ve stin g in c erta in d ea ls to p urc ha se p ro du cts inbulk.F req ue ntly the m em o o f th e ch eck w ou ld re fere nce the "de al" tha t th ey ha d pa rticipa te d inwhether it w as a pp lia nc es, C hris tm as m erc ha nd ise , e tc . T he tim in g o f th e c on trib utio n w assu pp ose d to a lig n w ith the pu rcha se s of in ven tory. S ee N ote 9 for fu rthe r info rm ation onInvestor l iab i li ty .

Note 2 - Cash and cash equivalentsA s sta te d p rev iou sly, th e acco un ting reco rds o f the com pa ny w ere in accura te for th e pe rio d o fth e fin an cia l sta tem ents b ein g re porte d. F or rep orting of cash , a ll m on ie s he ld in the 28 b an ka cco un ts at ea ch ye ar en d w ere con side red to b e ca sh, an d all s ig nifica nt a ctiv ities w erer ec on cile d b ac k to th es e b ala nc es .F or th e p urp os e o f p re pa rin g th es e fin an cia l s ta te me nts, th e b an k a cc ou nts w ere a na lyz edb ase d o n the typ e of accou nt. T he C om pa ny h ad spe cific ba nk a ccou nts to m ana ge op era tingc as h Inc lu d in g daily de po sits of cash , che cks, cre dit an d d eb it card re ceipts fro m sto re sales, a sw ell a s p ay me nt o f o p era tin g e xp en se s in clu din g in ve nto ry , p ayro ll a nd fa cility co sts . D urin g th eth re e yea r p eriod , th e C om pa ny sw itch ed the ir proce ss fo r b an k acco un ts from ea ch storeha vin g a n ind ividu al d ep osit acco un t to con solid atin g into o ne ba nk a ccou nt fo r as m any of th ed iscou nt sto res a s w as fea sib le . In O cto be r 20 10 , th e C om pa ny w en t b ack to h av In g sep ara ted ep os it or y a cc ou nt s fo r e ac h r et ail lo ca tio n.

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Note 2 - Cash and cash equivalents (continued)O th er b an k a cco un ts w ere us ed to tra ck In ve stor m on ie s a nd s till o th ers w ere u se d fo r bo thIn ve sto r re ce ip ts a nd p ay m en ts , b ut a ls o in clu de d in ve nto ry p ur ch as es , b an k tra ns fe rs , p ay m en to f o pe ra tin g e xp en se s a s w ell a s p aym en ts o f ca sh to o th er b us in ess es o wn ed b y th e ow ne rs ofth e C o mp an y.B eca use th e C om pan y d id no t d o cu me nt a ll d ep osits , th e v ario us b an ks w ere a sk ed to p ro vid ec op ie s o f s ig nific an t d ep os its to d ete rm in e if th e d ep os it w as s to re re ve nu e, a uc tio n p ro ce ed s o rInv esto r m on ey. T he p rim ary b an k u se d fro m 2 00 7 to 2 01 0 c ould n ot p ro vid e co pie s o f a lldeposits as the bank did not have a scanning system . B ecause of the Jack of good reporting bythe co mp an y a nd in ab ility of the b ank to p ro vid e a ll d ep osit in fo rm atio n. th ere is still a list o f u n-re co nc ile d tra ns ac tio ns in th e a mo un t o f $ 3.2 m illio n th at re qu ire s fu rth er re se arc h. T he o pin io nis th at th is a mo un t Is e ith er ad ditio na l pa ym en t to In ve sto rs, o r m on te s th at ha ve b ee n ta ke n o uto f th e co mp an y. M ore in form atio n is n ee de d to cle ar th is b ala nce to the a pp ro pria te b ala nc es h ee t a c co u nt.A dd in g to th e c on fu sio n, b an k tra ns fe rs w ere n ot re co rd ed c orre ctly b y d eb itin g a nd c re ditin g th eb an k a cc ou nts ; in ste ad v ario us in co me s ta te me nt a cc ou nts w ere c re ate d to re co rd th e o th ers id e o f th os e e ntrie s. N o o ne w as re sp on sib le fo r m ak in g c erta in th at th e tra ns fe rs n ette d.D u rin g 2 01 0, e ntrie s tra ns fe rre d b etw e en b an k a cc ou nts w e re b ein g a pp ro pria te ly re co rd ed .

Note 3- Accounts ReceivableT he tw o s pe cia lty s to re s. D an 's sports S hop a nd th e H ard wa re s to re , a llow ed cu sto me rs top urch ase p ro du ct o n te rm s. F or th e p erio d 2 00 7-2 00 9. th e C om pa ny tre ate d th ese sa le s o n aca sh b as is; th erefo re th e sa le w as re po rte d w he n th e ca sh w as re ce iv ed . In 2 01 0, th eC om pa ny ch an ge d th eir m eth od olo gy a nd tra cke d a nd re co rde d sa le s o n a cco un t a nd theo ffs ettin g A cc ou nts R ec eiv ab le . A t D ec em be r 3 1, 2 01 0, th e b ala nc e w as a s fo llo ws :

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Note 3- Accounts receivable (continued)A s o f F eb ru ary 1 5,2 01 1,5 2% o f th e re ce iv ab le s o uts ta nd in g a t y ea r-e nd h av e b ee n c olle cte d.P er a re vie w o f t he A R a gin g w ith the pre side nt" th ere is on e cu stom er th at the C om pa nyb elie ve s m ay n ot b e c olle ctib le . T he m ajo rity of th e b ala nc e fo r th is c us to me r h ad b ee n w ritte noff as of year-end. T he C om pany does not have a specific person designated to fo llow up onc us to me rs w ith o uts ta nd in g b ala nc es a nd a s s uc h, th ere a re c on ce rn s a s to th e c o lle c ti bil ity o fthe rem aining balance. .

D an's S ports S hopH a rd wa re s to re2010$19,0008,000

$27,000

Note 4 w InventoryIn ve nto ry h as b ee n e stim ate d a nd is v alue d at co st (an d n ot th e low er o f cost o r m arke t),k ee pin g in m in d th e fo llo win g fa cts :

1. T he com pany has no inventory system and had no internal control process forre ce iv in g, sh ip pin g o r tra ck in g in ve nto ry . A s d em on stra te d b elo w, it i s d iffi cu lt tod oc um en t w ha t is o wn ed b as ed o n th e c urre nt o rg an iz atio n of t he warehouse .

2 . T he a cco un tin g syste ms d id n ot accu ra te ly track In ven to ry p urch ase s, a s the com pa nym ix ed in ve nto ry p urc ha se s w ith In ve sto r p ay m en ts .3. T he com pany does not take physical inventories at the w arehouse locations and there isn o c om ple te lis tin g o f th e in ve nto ry o n h an d.

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Note 4 -Inventory (continued)4 . T here is no actual or standard cost system .5 . T he in ventory w as sprea d ov er four w areh ou se s co nsisting of 200 ,00 0 squ are fe et of

flo or s pa ce , w ith in ve nto ry s ta ck ed u p to th re e le ve ls h ig h.6. T he inv en tory is sh ip ped to the co mpa ny from m any v end ors in clud in g R ite A id and

,C VS , G en co C om pa ny . C LS , A ll S ta r S ale s, C aro lin a H osie ry M ill, G old en O pp ortu nity ,K la ss wa re ln c. , a nd o th er v ario us c lo se ou t w ho le sa le c om pa nie s, e tc. T he se v en do rsh ad a lre ad y d ete rm in ed it to b e e xc es s, s lo w m ov in g, o bso le te o r d am ag ed g oo ds .

7 . Include d in Inv en tory a re fo od ite ms tha t a re past the expira tion da te. T he b elow picturetaken o n F ebrua ry 18,201 1 sho ws ca se s o f m ayo nn aise w ith an e xp iratio n d ate of 31M a y, 2 01 0.

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Note 4 -Inventory (continued)8. T he inv entory is receiv ed in assorte d odd lots, som e in original packaging, som e in

banana boxes and som e ite ms bundled b y w ay of shrink w rap.T he fo llo win g p ic tu re s s ho w h ow "S he lf P ulls" w ere re ce iv ed a t th e C om pa nyw are ho use s. T he b oxe s a re fille d w ith v ario us ite ms p ulle d fro m th e re ta ile r's s he lv esand shipped to the C om pan y. T he w areho use personne l th en sort the m erch andise bytyp e a nd re fill th e b an an a b oxe s fo r s hip me nt to th e re ta il s to re s.

T his p ic tu re s ho w b an an a b oxe s o f v ario us n ea r e xp ira tio n o r p as t e xp ira tio nfoo d/ be ve ra ge a nd g ro ce ry s to re m e rc ha nd is e:

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Note 4- Inventory (continued)S ho wn b elo w a re a pp lia nce s, th at w ere sh rin k w rap pe d a nd sh ip pe d to th e w are hou se.It sh ou ld b e n ote d th at 9 9% o f th e ap plian ce s pu rch ase d a re e ith er cu sto me r re tu rn s o rd am ag ed g oo ds that w ere n ot a cc ep te d b y th e o rig in al re ta ile r.

9. T he re is inv en to ry in th e w areh ou se s th at w as re ce ive d o ve r tw o ye ars a go th at h asn ev er b ee n u np ac ke d. It w as sta te d th at w he n th e w are ho us e m an ag er d ete rm in ed tha tth e g ood s w ere n ot sa le able , h e w as n ot g ive n p erm ission to scra p o r d is po se o f th em erch and ise . N ote th at th is a pp lie s n ot o nly to a pp lia nc es bu t a lso to fo od an db ev era ge ite ms. T he sh ee r q ua ntity of b oxe s m ake s it d ifficu lt to fin d, le t a lon e a cce ssa nd d is trib ute , th e m e rc ha nd is e th at is s ale ab le .10.T he com pany conducted undocum ented asset sw aps w ith other vendors. A s anexam ple, a truckload of inventory w ould be taken to an auction house and, if t here w asn o inte res t fro m bu yers, th e ve nd ors w ou ld g et to ge th er a nd tra de inv en to ry . T hes etra ns ac tio ns w ere n ot d oc um en te d a s to q ua ntitie s o r v alu es .

11. D eta ile d in vo ic es fo r m os t o f the in ve nto ry p ur ch as ed fo r th e d is co un t re ta il m e rc ha nd is ec ou ld n ot be found. For m any of the in vo ic es th at w ere fo un d, th e ite m d es crip tio nsw e re g en er aliz ed in clu din g " Ch ris tm a s to ys , sears t ru c k, b u ild in g m a te ri als ", e tc .

12. W he n th e in ve nto ry w as re ce ive d, th e in ve nto ry w as so rte d a nd sh ip pe d to th e re tailsto re s b ase d o n m an ag em en t's o pin io n o f w ha t ite ms m ig ht s ell. T he o th er ite ms w erep ut in th e w are ho use w ith ou t a ny a na lys is of p ote ntia l va lu e or w rite o ff of o bs ole teitem s. ..

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Note 4 -Inventory (continued)U sin g a c om bin atio n o f p urc ha se c os t a nd c os t o f g oo ds s old a ss um ptio ns , th e fo llo win gin ve nto ry ro ll fo rw a rd a nd v alu es a t c os t w e re c alc ula te d:

2007 2008 2009 2010B e gin n in g I nv e nto ry

I nv e nto ry P u rc h as edIn ve nto ry S old

E n d in g In v en to ry

$ - $ 525,000 $2,231,000 $6,468,000775,000 2,100,000 5,281,000 3,637,000(250,000) (394,000) (1,044,000) (2,433,000)

f $525,000 $2,231,000 $6,468,000 $7,672,000

Note 5 - Other receivablesG re g a nd L in da C ra btre e, o ffic ers o f th e c om pa ny , u se d m on ey fro m GlC lim ite d to p ay fo rex pe nse s a nd a sse t pu rch ase s o f o th er b usin esse s w hich the y ow ne d. T he o th er bu sin ess esin clu de re nta l p ro pe rtie s, a w are ho us e a nd a c ar & pe t w ash . A rev ie w o f th e ge nera l le dg erd eta il fo r re fe re nc es to th es e b us in es se s w as c om p le te d a nd th os e p ay m en ts w e re re cla ss ifie do ut o f e xp en se to o th er re ce iv ab le s. B uild in g im pro ve me nts p aid p rio r to th e a cq uis itio n o fDads sports S hop w ere also a ssu med to be p art of th e re ntal in com e properties a nd in clu de d inother receivables.T he re w ere o th er p ers on al e xp en se s p aid fo r by th e C om pa ny th at w ere n ot rep orte d a s in co meto th e C ra btre es . T he se w ere a ls o re cla ss ifie d fro m e xp en se to O th er R ec eiv ab le s a nd in clu de dh a ir dr es s er a n d massage fees, boat s lip r en ta l, e tc .

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Note 5- Other receivables (continued)Partially offsetting the above receivables were cash infusions into the company in 2010 in theamount of $215,800 by the Crabtrees. Listed below are some of the significant items includedin the Other Receivable balance:

2007 2008 2009 2010Prior year's balance $ $181,000 $339,000 $534,000Payments madeOn behalf of other businesses 102,000 67,000 18,000 62,000

Warehouse purchase 75,000Building payment 13,000Building repairs 34,000lnvestment on house & pool 9000 15,000Misc Other 79,000 91,000 134,000 85,000Total payments 181,000 158,000 195,000 250,000Cash received to offset ~216,OOO}Total other receivables $181,000 $339,000 $534,000 $568,000

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Note 6 - Prope rly and equ ipmentI n S e p te m b er 2009, th e C om pa ny p urcha se d D an's sp orts S hop , a spo rtin g go ods a nd a pp arels to re . A s p art o f th e p urc ha se , th e C om pa ny a cq uire d th e b uild in g, e qu ip me nt a nd in ve nto ry .B elo w is a s um m ary o f th e a cq uis itio n:

2009InventoryBuildingEquipmentIntangibleT ota l p urc ha se p ric eU n se cu re d n oteN et cash paid

$ 158,000297,00027,000'54,000536,000

(277,000)$ 259,000

No p urc ha se a gre em en t w as s ig ne d a t th e tim e th e b us in es s w as a cq uire d th ere fo re th ef ollo w in g a ss um p tio ns w e re u se d:

T he am ount paid for the build ing w as the fa ir va lue E quipm ent m ade up 5% of the purchase price In tang ibles were valued at 10%o f th e p urc ha se p ric e R em aining purchase price w as for the fa ir value of the inventory assum ed in the

purchaseA s o f D ece mb er 31 ,2 01 0, th e C om pa ny still ow es $68,000 on the unsecured note. A s thetim in g o f th e p aym en t h as n ot b ee n d ete rm in ed, th is ora l p urcha se a gree me nt ha s b ee nc la ss ifie d a s a lo ng te rm lia bility , ra th er th an a n ote p ay ab le .T he re w ere n o o th er b us in es s a cq uis itio ns d oc um e nte d d urin g 2 00 8, 2009 an d 2010.

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J " .1

. N ote 6 ~ P ro pe rty an d eq uipme nt (c on tin ue d)Fixed assets include the above listed assets of Dan's Sports Shop aswell as, equipment relatedto screen-printing/embroidery and automobiles used ~Ythe management of the Company.

2008 2009 2010Building & lmprovementsEquipmentVehicles

Total Gross PP&E

$ - $297,00027,0007,000 123,000

$301,00092,000186,000

7,000 447,000 579,000Less Accumulated Depreciation 9,000 63,000Net Property & Equipment , $ 7,000 $438,000 $516,000The value of the building was determined from the purchase price paid to the previous owner of$100,000. Building improvements were based on building repairs listed in the general ledger.The equipment and automobiles values were based on the notes taken out to purchase theequipment and automobile. See Note 10 for information on the line of credit and loans.For Depredation purposes, the following estimated useful l ives were used:

Building and building improvements 39.5 yearsEquipment ' 5 yearsAutomobiles 5 years

For the years ending December 31 J 2009 and December 31,2010 depreciation expense of$9,000 and $54,000 was recorded.

Note 7 ~ IntangiblesThe Company acquired intangibles with the purchase of the sporting goods store in the amountof $33,873. See note 6 for further information on the purchase.

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.! : > : ' .

Note 8- Accrued liabilitiesA cc ru ed lia bilitie s Is m a de u p o f a cc ru ed p ay ro ll, p ay ro ll ta xe s, s ale s ta xe s, 8 &0 ta xe s a ndunpa id inven to ry that ha ve be en in curre d b ut n ot pa id a s o f year-end, T o d ete rm in e t he a cc ru al,a re vie w o f th e q ua rte rly ta x in fo rm a tio n a nd c orre sp on din g p ay me nts w as c om p le te d. F ory ea rs p rio r to 2010, w e b elie ve p ay ro ll ta xe s w ere s ub m itte d tim e ly a nd o nly s ma ll a mo un tsw er~ a ccru ed for the sa le s/8 &0 ta xes p aya ble . F or th e ye ar en din g D ecem be r 31,2010, th eC om p an y o we d $78,070 fo r p ay ro ll ta xe s; th is in clu de d th e 03 ta xe s th at w ere past d ue an d Q4taxe s un paid at ye ar e nd. T he re main de r of th e b ala nce re lates to sa les a nd 8&0 t ax es . L is te db elo w is th e d eta il th at s up po rts th e $79,000 a cc ru al. T he C om p an y a ls o e stim ate dapproximately $50,000 o f in ve nto ry h ad b ee n re ce iv ed b y D an 's S po rts S ho p th at re ma in edunpaid as of year-end. ' "

PayrollP a yr oll T a xe sQ3Q4

2010$

34,00037,000

S ales/B &O ta xe s 8,000Inven tory pu rchases 50,000Tota l Accrued ' $129,000

Note 9.....nvestor/labilityThe term investor is used to coincide with terms that are familiar to the company. Intruth each investor provided cash to the company on the basis of a written or oralagreement which provided for interest and had terms of repayment. For thepurposes ofthese financial statements and to be consistent with the company's classification, thesestatements will refer to people in this category a s an "Investor",T he C om pa ny a cce pted a ca sh In fu sio n fro m th e first ou tsid e Inv esto r in July, 2007. (Thise xc lu de s o ne in div id ua l th at h ad p re vio us ly lo an ed m on ey to th e C om p an y o n o cc as io n. )F ollo w in g t his f ir st in ve st m en t in J uly , 2007, th e C om pa ny sen t p aym en ts to th e Inv esto r forre paym en t o f th e o rig ina l a mo un t a s w ell a s a sig nifica nt return on his in ve stm ent. L ate r th ats um m er th e In ve sto r m a de a n a dd itio na l in ve stm e nt a nd e arly fa ll a no th er In ve sto r c ap ita l. B othr ec eiv ed t he ir m o nth ly /q ua rte rly in te re st p ay m en ts t im e ly a s w e ll 'a s th eir o rIg in al in ve st m en tr et ur ne d t o th em .

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Note 9 - Investor / iabfl ity (cont inued)In early 2008 a few m ore Investors joined and in A pril-M ay 2008, the Investor group started tog row . C erta in Inv esto rs w ere giv en fin de r fe es in a dd ition to th eir re tu rns o n th e in ve stm en t a ndre tu rn in g th e o rig in al p rin cip al ( co ntrib utio n) . T he se fin de r fe e p ay me nts w er e to c oin cid e w ithp ayb acks to th e In ve sto r. A s o f D ece mb er 3 1,2 010 , 9 0-9 9 p riv ate In ve sto rs h av e lo ane d m on eyto th e c om pa ny w ith th e e xpe ctatio n th at th ey w ould re ceiv e th e p rin cip al b ack p lu s a sig nifica ntreturn o n the ir in ve stm en t,W hile the com pany has not been able to supply all Investor agreem ents for review , w hich inn um be r Is e stim ate d to b e in th e 2 75 -3 50 ra nge , s up po rtin g d ocu me nta tio n for a pp ro xim ate ly , 30a gre em en ts w as re ceiv ed . B ase d o n th ese a gre em en ts, th e p ro mise d re tu rn s o n th e in itia linv estm ents ranged from 50% to 133% w ithin a 3 -12 m onths' tim e period.

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Note 9~ Investor liability (continued)A sam pling of the agreem ents rece ived is show n be low ;

InvestmentInvestment Repayment Period (in Am ount Interest Annual ized

Date D ate m onths) Invested Earned Return Return05/17/09 02110110 9 $ 475,000 $ 337,500 71% 95%07/30/09 10/27/09 3 125,000 21,875 18% 70%09/01/09 '03/01/10 8 1,500,000 750,000 50% 75%09/01/09 09/01/10 12 500,000 300,000 60% 60% i; :09/01/09 09/01/10 12 500,000 250,000 50% 50%11/01/09 05/01110 6 1,250,000 750,000 60% 120%11/01/09 02101/10 3 1,000,000 333,333 33% 133%11/01/09 11101/10 12 1,000,000 600,000 60% 60%11/01/09 open open 500,000 300,000 60% 60%12101/09 open open 2,000,000 1,200,000 60% 60%12101/09 12101110 12 1 Q O , O O O 50,000 50% 50%12/01/09 12101110 12 30,000 21,000 70% 70%12/01/09 12101110 12 250,000 150,000 60% 60%12101109 12101/10 o p e n r e in v e st 575,000 345,000 60% r 60%12101/09 03/01110 3 500,000 75,000 15% 60%01/01110 12131/10 12 50,000 40,000 80% 80%01101110 12131/10 12 50,000 40,000 80% 80%01/15/10 08/01110 6.5 1,500,000 760,000 50% 92%02101/10 02/01111 12 500,000 350,000 70% 70%02/01/10 02101/11 1.2 1,400,000 840,000 60% 60%02/01/10 r ei nv e st i nt er e st 100,000 60,000 60% r 60%pe n02/18/10 06/01110 3.5 1,000,000 300,000 30% 103%03/01/10 06/01/10 3 500,000 150,000 30% 120%03/01110 03/01111 12 250,000 150,000 60% 60%03/15/10 11/30/10 8 . 5 1,000,000 650,000 65% 92%05/01/10 12f01/10 7 100,000 50,000 50% 86%08/20/10 12120110 4 200,000 66,667 . 33% 100%08/20/10 12120110 4 100,000 33,333 33% 100%T o ta l S a m pl ed $17,055,000 $8,963,708

S om e in div id ua ls b elie ve d they w ere investing in spec ific dea ls to purchase overs tock orseasona l inventory to be he ld fo r the proper season w ith the prom ise of large re turns on theirinvestm ent(s). Frequently the m em o of the check would re fe rence the "dea l" that they hadpa rticipa te d in , w he ther It w as A pp lian ces, Bu Hding M ateria l, T oys, C hristm as m erch an dise, etc.'The tim ing of the Investor contribution w as supposed to align w ith the purchases of the dealinventory.

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Note 9-Investor liability (continued)T he ta ble b elo w s um m ariz es th e In ve sto r m o nie s re ce iv ed c om p are d to th e in ve nto ry p urc ha se sb y y ea r:

Investor InventoryMoney Purchased

2007 $ 799,000 $ 775,0002008 12,349,000 2,100,0002009 33,411,000 5,281,0002010 35,357,000 3,637,000Total $ 81,916,000 $ 11,793,000

In clu de d in th e p ro ce ss o f r es ta tin g t he f in an cia l s ta te m en ts fo r In ve sto r lia bility , a ll b an ka cc ou nts w ere re vie we d fo r p os sib le In ve sto r a ctiv ity . In a dd itio n, th e g en era l le dg er d eta il w ass ea rc he d fo r n am e s o f k no wn In ve sto rs , lo ok in g fo r b oth c as h c on trib ute d a nd re pa ym e nts .T he co mp an y d id n ot track a ny o f th e In ve sto r co ntrib ution s or bre ak th e p aym en ts b etw ee nin te re st a n d p ri nc ip a l.A s a s id e n ote re ga rd in g th e a cc ura cy o f th e fin an cia l s ta te me nts , m o st o f th e c on trib utio nsw ere re co rd ed as In ve stor in co me o r safe s, in stea d o f a liab ility ow ed . S om e p aym ents b ack toth e In ve sto rs w ere re co rd ed a s m e rc ha nd is e p urc ha se s, o th er e xp en se s o r e ve n tra ns fe rsb etw ee n b an k a cc ou nts . In a dd itio n, th ere w ere o m is sio ns o f e ntrie s a nd e rro rs inre co rd ke epin g u p to a nd inc lu ding th e w ro ng n am es b ein g liste d o n th e d ep os it o r p aym en t.T o tra ck In ve sto r c on trib utio ns , a re vie w o f a ll b an k d ep os it s lip s w as c om p le te d. T he fin an cia lin stitu tio ns p ro vid ed c op ie s o f m o st o f th e d ep os it s lip s a nd th e u nd erly in g c he ck s m a kin g u pth e d ep os it s lip s, b ut th ere is s till m is sin g in fo rm a tio n fro m th e b an k to fu lly r ec on cile a lld ep os its . In a dd itio n to m is sin g in fo rm a tio n, s om e c he ck s w ere re ce iv ed d ire ctly fro mre tire me nt o r in ve stm en t ac cou nts a nd d id no t re fere nce a s pe olflo ln ve sto r n am e. T hes e a rein clu de d in th e a na ly sis , b ut w ith ou t a dd itio na l in fo rm a tio n o r c on firm a tio ns , it is n ot p os sib le toid en tify th e in div id ua l a ss ig ne d to th e a cc ou nt. T o d ate , th e in ve sto rs h av e c on firm e da p prox im a tely 1 5 0 c o nt ri bu ti on s rec e iv e d by t he C o m pa ny .T he re is a ls o d iffic ulty in tra ck in g In ve sto r re pa ym e nts a s s om e c he ck s la ck ed th ed ocu me nta tion to d ete rm ine the In ve sto r p aid; th is is d ue to the fa ct th at c he ck c op ie s W ere h ardto re ad a nd th e a cco un tin g reco rd s w ere re co rd ed m onth s late r b y so me on e oth er th an th ep erso n w ritin g the ch ecks. In a dd itio n, th e C om pa ny did n ot m ain ta in in fo rm atio n o n all w iretran sfers . T o the e xte nt th at th e b an ks c ou ld n ot prov id e in fo rm atio n o n tran sfe rs b eyo nd th eC om p an y's re co rd s, a nd In ve sto rs h av e n ot c on firm e d th e in fo rm a tio n, th ere a re s till s om ea m ou nts u nk no w n.t'\ MAINSTREAM-- MAN'''GI!MENT

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Note 9 -Investor liability (continued)S e ve ra l n otific at io ns h av e b ee n s en t to th e k no w n I nv es to rs r eq ue st in g c op ie s a nd c on fir m at io no f th e a gre em en ts, b ut n ot a ll o f t he se h av e b ee n fo rth co min g. B eca use o f t he la ck o fd oc um e nt at io n, th e In ve st or lia bility c ur re ntly r ep or te d is a s um m a ry o f c as h r ec eiv ed le ssre pa ym e nts m a de . T he re po rtin g fo r D ec em b er 31. 2010 is s plit b etw ee n th os e I nv es to rs w hoh av e b ee n p aid a t le as t th eir o rig in al in ve stm e nts (n et w in ne rs ) a nd th os e In ve sto rs th at h av en ot re ce iv ed th eir o rig in al in ve stm e nt (n et lo se rs ). S ee A pp en dix A fo r a c op y o f th e a na ly sis .S pa cia l N o te :B ecause not a ll o f the Investor agreem ents w ere available fo r re vle w, th e fin an cia lstatements as presented do not separate ly report the interest expense on thesein ve stm en ts. T he In ve stor Liability c u rren tl y rep o rt ed is understa ted by the am ount ofth e total in terest pa id . In order to determ ine the true in ve stor Iia bility, th e C om pa ny w illneed to rece ive each ind iv idual investm ent agreem ent; m ore w ork m ust be done in th isarea.

Note 10 - Line of credit and loansT he re vo lv in g c re dit a gre em e nt a nd lo an s a re a ll h eld w ith th e s am e fin an cia l in stitu tio n, F irs tS ta te B a n k, i n B a rb o ursv il le , W e s t V ir gi nia .

2009 2010R e vo lv in g c re dit a gr ee m en t (1) $ 41,000 $ 50,000R en ta l e qu ip me nt lo an (2) 61,000V eh ic le lo an s (3) 12,000 60,000P ro misso ry n ote (4) 59,000 50,000U ns ecu re d n ote (5) 16,000

$128,000 $221,000

(1) O n N o ve m be r 20,2009, th e C om p an y o bta in ed a re vo lv in g c re dit a gre em e nt (lin e o fc re dit) in th e a m ou nt o f $50,000 due D ecem ber 1, 2011 to p urc ha se in ve nto ry fo r th eh ard wa re s to re . In te re st ra te a dju sts a nn ua lly b as ed o n p rim e ra te p lu s 2.68%; as ofDecember 31,2010, t he in te re st r at e Is 3.25%. A s o f D ece mb er 31,2010, t he C o m pa nyowed $49,589.35. T he re a re c erta in n eg ativ e a nd fin an cia l c ov en an ts th at m u st b e m e t.T h e fin an cia l I ns titu tio n h as a s ec ur ity in te re st in th e r ec eiv ab le s, In ve nt or y a nde qu ip m e nt o f th e h ar dw a re s to re .

~ 11AINSTREAM- MANAGllMllNT

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Note 13- Unreconciled differencesU n re co nc ile d d iff er en ce s r ep re se nt u nd oc um e nt ed tr an sa ctio ns . A s d is cu ss ed in N o te 2 a bo ve ,th e C om pa ny d id n ot d oc um en t a ll d ep os its a nd in co rre ctly d ocu m en te d b an k tra ns fe rs . T hev ario us b an ks w ere a sk ed to p ro vid e co pie s o f s ig nific an t d ep os its to d ete rm in e jf t he d e po si tw as sto re re ven ue , a uction p ro cee ds o r Inv estor m one y. T he prim ary b an k use d from 2 00 7 to2 01 0 co uld n ot prov ide co pies of all de po sits a s the b an k did no t h av e a sca nn ingsystem . B ecause of the lack of good reporting by the C om pany and inability o f the bank top ro vid e a ll d ep os it in fo rm a tio n, th ere is s till a lis t o f u n-re co nclle d tra ns ac tio ns in th e a mo un t o f$ 3. 2 m illio n th at m u st b e r ec on cile d.T o c om ple te ly re co nc ile th e $ 3.2 m illio n, it is n ec es sa ry to c on flrm a ll In ve sto r a cc ou nts e ith erthro ug h th e C om pa ny's b an k a cco un ts o r th rou gh th e In vesto r's b ank a ccou nt. In a dd itio n tothis, it w ould be ap prop ria te to re view th e ba nk a cco un ts an d b oo ks an d re cord s of th e o the rco m pa nie s o wn ed b y th e C ra btre es , to d ete rm in e lf a dd itio na l m o nie s w ere tra ns fe rre d to th es ec om p a ni es w it ho u t p ro p er d o cu m e ntat io n .

Note 14 - SalesS ale s re po rte d o n th e fin an cia l s ta te me nts h av e b ee n m od ifie d fo r th e C om pa ny 's re co rd ednu mb ers. S ales a re ba sed o n de po sits m ad e by sto res, cred it ca rd sa le s, au ctio ns,m erc ha nd is e s old a nd p ay pa J tra ns fe rs . T he se a m ou nts in clu de d s ale s ta xe s, w hich is o ffs et b ysales ta x e xp en se includ ed in S G& A. T he C om pan y re co rde d a ll d ep osits a s sale s, in clu dingIn ve sto r c on trib utio ns , lo an s, tra ns fe rs b etw ee n b an k a cc ou nts a nd in te re st in co m e. F orfin an cia l re po rtin g p urp os es a ll a ctiv ity th at w as n ot d ee me d p ro ce ed s fro m s ale s w as re mo ve dfrom sales. R ecord s fo r the C om pa ny w ere n ot in a g oo d orde r to d ete rm in e th ese tran saction s,so th e b an ks pro vid ed cop ie s o f de po sit s lip s to de te rm ine w hethe r the de po sit w as a cu stom erp ay in g fo r m erc ha nd is e, a tra ns fe r b etw ee n b an k a cc ou nts o r a n In ve sto r m ak in g a c on trfb utlo n,S ale s from the eB ay sto re co uld no t b e ap pro priately d ete rm in ed a nd w ere b ased u po n m on eytra nsfe rred fro m th e pa y-p al acco un t to th e ba nk accou nt. S ale s fro m th e e Bay store areim m ate ria l co mp are d to the sales fro m the stores an d th rou gh o th er de als w ith w ho le salers an da uc tio n s ale s. T he C om pa ny p ro vid ed a re po rt fo r th e 2 01 0 y ea r-to -d ate a ctiv ity , w hic h sh ow eda pp roxim ately $ 26 ,0 00 in p urch ases w ere m ade fro m m on ey co llected for G LC lim ited sa les.The C om pany could not produce r eports for ttie prev ious years. .

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Note 14 - Sa les (con tinued)Below is a sum mary of sales by store b y y ea r:

2008 2009 2010GLC Discount Locations:

ProctorviHe (including auction sales) s 352,000 $ 715,000 $ 668,000Pigeon Forge 185,000 450,000St.Albans/Cross Lanes 445,000 1,013,000Route 2 585,000Newport 166,000Indiana 121,000North Carolina 55,000 67,000

Total GLC discount Iocattons 352,000 1,400,000 3,060,000eBay store 45,000 29,000 84,000Specialty stores;

Dans sport Shop 53,000 319,000Hardware Store 2,000 187,000

Total specialty stores 65,000 506,000Discontinued specialty stores;

OJ's 209,000Huntington Clothing 122,000 93,000

Total discontinued specialty stores 209,000 122,000 93,000$ 606,000 $ 1,606,000 $ 3,743,000

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Note 15 - Cost of Goods SoldCost of goods sold was estimated, based on the following':

1. The company had no procedures or method for accounting for the cost of goods sold.2. Cost of goods sold was based on two methods.

a. A review of the average cost of goods sold reported by four public competitorswas completed. The competitors reviewed included Family Dollar, Dollar Tree,Big Lots and Dollar General. Over the last two years the gross profit margin forthese competitors ranged from 29% to 41%, or a cost of goods sold ranging from59%t071%.b. The processes for selting sales prices and margins were reviewed with thecompany's president and one of the store managers. In addition, the manager ofthe sporting goods store noted gross profit target margins of 25% to 50% or acost of goods sold ranging from 50% to 75%.

3. 'Based on a combination of these methods, Cost of goods sold was assumed to be 65%of company revenues.

Note 16 - SeilIng, general and administrative expenses (SG&A)SG&A includes all operating costs. Below is a summary of the most significant costs by type ofexpense:

2008 2009 2010Payroll & Benefits $ 103,000 $ 464,000 $ 1,165,000Taxes, Payroll & Sale 45,000 254,000 710,000Facility 122,000 370,000 674,000Equipment & Repairs 25,000 48,000 142,000Delivery Expense 41,000 51,000 140,000Insurance 2,00'0 27,000 138,000Auto Expense 8,000 40,000 98,000Bank Fees 13,000 72,000 81,000Professional 9,000 16,000 74,000Advertising 5,000 35,000 66,000Depreciation 8,000 54,000Telephone 4,000 22,000 27,000Charitable 9,000 21,000 12,000All Other Msc 37,000 250,000 150,000

Total $ 423,000 $ 1,678,000 $ 3,531,000

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Note 17 - Othe r income (expense)O th er. i nc om e in clu de s th e in te re st in co m e a nd d iv id en ds e arn ed o n m o ne y m a rk et a cc ou ntsa nd C Ds. T he tra nsa ctio ns in th e g en era l le dg er d id n ot re fle ct in te re st in co me fro m a llin ve stm en ts a cc ou nts. T he in te re st a nd d iv id en ds h av e b ee n re co rd ed o n th os e a cco un ts th atw ere d es ig na te d fo r g en era tin g in co m e b as ed o n th e b an k s ta te m en ts a nd in ve stm e nts ta temen ts p rov ided by the f inanc ia l inst itu tions .O fh er e xp en se ln clu de s in te re st e xp en se p aid o n lo an s a nd a ny u nre aliz ed lo ss es o nin ve stm en ts in 2 00 8 a nd 2 00 9. In a dd itio n. in 2 01 0, th e o th er e xp en se in clu de s a le as e b uy ou tp urc ha se o ptio n th at w as la te r re je cte d b y th e C om pa ny . T he C om pa ny re co gn ize d a p ortio n o fthe le ase as re nta l expense based on the fair m arket v alue and th e re main der o f the bu youto ptio n o f $ 18 0,0 00 w as re co rd ed a s o th er e xp en se .

2 8


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APPENDIXA. Investor GAP AnalysisT he a tta ch ed a na lys is s ho ws b y In ve sto r th e a mo un t -c on trlb ute d a nd re pa ym en ts m ad e to th ein vesto r. T here are som e co ntributions an d repa ym ents th at a ppear on bank state me nts buthave not been recorded by the' C om pany and the Bank has not prov ided us w ith copies of thechecks or cases w ere the a mo unt is know n to be a n Inve stor; ho wev er the che ck ca me directlyfro m a re tire me nt a cco un t a nd d id n ot i de ntify th e in div id ua l o n th e c he ck. ,G L C to ok in $ 81 ,9 16 ,6 26 in d ep os its fro m In ve sto rs . T o d ate , $ 78 ,9 13 ,0 00 h as b ee n c on ne cte dto a c erta in In ve sto r.G LC p aid o ut $ 68 ,6 88 ,9 39 to th e In ve sto rs .T here is a gap in contributions of approxim ately $3 ,000,000 tha t is either checks that theC om p an y c an no t id en tify th e c on trib uto r o r s ig nific an t d ep os ita th at th e, B an k h as n ot p ro vid edth e in form ation . 'T here is a gap in re p ay m en ts o f a pp ro xim a te ly $ 75 0 ,0 0 0; s om e In v es to rs c on firm e d p a ym e n tsth at th e C om pa ny h as n ot p ro ve d w ha t a cc ou nt th e p ay me nts w ere m ad e fro m.

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Investor Contributions Repayments Net PositionUnknown Investors 3,002,625 150,000 2,852,625Party 72 4,375,000 261,000 4,114,000Party 40 2,930,000 100,000 2,8:'30,000Party 50 9,550,000 6,775,600 2,774,400Party 8 3,000,000 750,000 2,250,000Party 42 2,000,000 2,000,000Party 4 4,200,000 2,286,833 1,913,167Party 25 3,000,000 1,458,333 1,541,667Party 79 2,650,000 1,262,500 1,387,500Party 87 1,550,000 276,666 1,273,334Party 20 2,458,000 1,479,050 978,950Party 85 4,038,500 3,450,000 588,500Party 81 550,000 550,000Party 64 450,000 22,500 427,500Party 66 900,000 472,500 427,500Party 38 400,000 400,000Party 49 450,000 112,500 337,500Party 15 500,000 180,450 319,550Party' 55 300,000 300,000Party 18 1,000,000 737,500 262,500Party 77 200,000 200,000Party 78 500,000 300,000 200,000Party 34 200,000 16,000 184,000Party 6,3 250,000 75,050 174,950Party 1 500,000 332,500 167,500Party 46 325,000 171,084 153,916Party 16 250,000 ,97,500 152,500Party 32 300,000 150,000 150,000Party 84 250,000 1DO,OOO 150,000Party 41 150,000 160,000Party 80 250,000 100,000 150,000Party 56 350,000 201,250 148,750Party 74 230,000 129,500 100,500Party 47 100,000 100,000Party 70 100,000 37,500 62,500Party 57 50,000 50,000Party 14 50,000 50,000Party 65 220,000 172,000 48,000Party 59 125,000 87,500 37,500Party 39 300,000 262,500 37,500Party 83 100,000 65,000 35,000Party 89 32,000 32,000Party 6 50,000 26,250 23,750Party 28 400,000 378,750 21,250Party 22 50,000 30,000 20,000

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Investor Contributions Repayments NetPosltlonParty 58Party 26Party 24Party 71Party 61

50,000 30,000175,000 157,50025,000 9,37530,000 15,75020,000 9,000

20,00017,50015,62514,25011,000

R_li!~li!_i"Ii.~~."l."lift~Bf\\~.~iii'iiii;;tiil.t~~Party 17 25,000 30,000 (5,000)Party 45 595,200 612,900 (17.700)Party 27 66,000 90,000 (24,000)Party76 46,000 83,750 (37,750)Party 53 250,00a 291,666 (41,666). Party 23 200,000 252,500 (52,500)Party 54 232,000 292,000 (60,000)Party 73 1,000,000 1,083,750 (83.750)Party 19 514,015 609,000 (94,985)Party 75 iOO,OOO 200,000 (100,000)Party 68 350,000 456,500 (106,500)Party 67 16,000 134,000 (118,000)Party 9 200,000 320,000 (120,000)Party 12 192,000 328,000 (136,000)Party 82 75,000 225,000 (150,000)Party 13 150,000 303,750 (153,750)Party 31 782,500 937,000 (154,500)Party 60 500,000 700,000 (200,OOO)Party 48 450,000 657,084 (207,084)Party 7 206,000 513,950 (307,950)Party 90 2,404,167 2,770,833 (366,666)Party 3- 775,250 1,192,000 (416,750)Party 30 131,000 617,875 (486,875)Party 69 50,000 620,333 (570,Z33)Party 52 4,96G,500 5,993,773 (1,033,273)Party 88 6,812,500 8,2.60,451 (1,447,951)Party 43 2,455,000 4,255,000 .(1,800,000)Party 2.0 5,441,370 13,176,708 (7.735,338)

In\estors with repayments that their contribution is included above with another investors total;Party 62 7,500 (7,500)Party 10 9.000 (9,000)Party 51 10,251 (10,251)Party 2. 10,500 (10,500)Party 29 2.4,000 (24,000)Party 21 28,125 (28,125)Party 44 30,000 (30,000)Party 36 37,500 (37,500)Party 91 40,000 (40,000)Party 11 45,000 (45,000)

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Investor Contributions Repayments Net PositionParty 37Party 33Party 5Party 92Party 86

60,00065,00068,000136,800390,000

(SO ,OOO)(65,DOO)(68,000)(136,800)(390,000)

"~~}{YAB~lmfjJ~~1t1~.~~1J1\~~.~~~S~!f~_iiGrand Total 81,915,627 68,688,939 13,226,688 10,374,063Total wlo unknowns 78,913,002 68,538,939 10,374,063

Documents

Donnan Exh 3