Update:
MAG released a required periodic report for Mo-Go, Nilchi, and Patar.
Mo-Go (
go! Mokulele) of which MAG holds 75% controlling interest:
Total Assets: $12,435,000
Total Liabilities: $12,435,000
Total Revenue: $13,464,000
Total Operating Expenses: $15,451,000
Net Income (Loss): ($1,353,000)
Cash and Cash Equivalents: $1,562,000
Nilchi:
"holds an 88% interest in non-debtor Indigo Miramar, LLC for the purpose of investing in
an airline related business" and "
has not received the necessary information to prepare this Periodic Report."
Patar:
"holds a 43% interest in non-debtor Finao Telserra Fund"..."for the purpose of Patar's investment in an electronic transaction processing company" and "
no longer maintains any financial information..."
Gee...I wonder what is the purpose of these entities?
winglet