Hyper Local News Pages

Web Stats Provided By Google Analytics

Friday, May 7, 2010

05/07/10 WGCH Boss Jeff "The Hustler" Weber Has A Lot Of Explaining To Do About His Major "Map VI Acquisition" Holdings

Jeff Weber Has 460,000 Shares In Map VI Acquisitions, Which Is The Company That Owns WGCH, The Business Talk Radio Network, The Lifestyle Talk Radio Network And Other Radio Stations.

Mr. Weber's Map VI Acquisitions Holdings Are So Extensive That Public Reports Are Required By The SEC. Recently Weber's Company Changed Its Name From Map VI Aquisitions To Blue Star Media.

Talk About Red Flags:

Jeff Weber's Company Had No Money, But Was Able To Buy WGCH And The Business Talk Radio Network.

Why Did Jeff Weber's Company Take Two Years File These Reports To The SEC About Map VI Acquisitions?

On September 21, 2009 Weber's Company Filed This SEC Report 2 Years Late:


UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 16, 2009 (July 16, 2009).....

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of
MAP VI ACQUISITION, INC. (A Development Stage Company)

We have audited the accompanying balance sheet of Map VI Acquisition, Inc. (A Development Stage Company)
as of December 31, 2007 and the related statements of operations, changes in shareholders' deficit and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provided a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Map VI Acquisition, Inc, (A Development Stage Company) as of December 31, 2007, and the results of their operations and their cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

These financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has operating and liquidity concerns, and has incurred net losses approximating $18,000 as of December 31, 2007. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. In this regard, Management is proposing to raise any necessary additional funds through loans and additional sales of its common stock. There is no assurance that the Company will be successful in raising additional capital.

/s/ Jewett, Schwartz, Wolfe & Associates
Jewett, Schwartz, Wolfe & Associates

Hollywood, Florida
September 8, 2009


MAP VI ACQUISITION, INC.
(A Development Stage Company)
BALANCE SHEETS

December 31
2007
2006
ASSETS:
CURRENT ASSETS
Cash
$- $901
Total current assets
- 901
TOTAL ASSETS
$- $901
LIABILITIES AND STOCKHOLDERS' DEFICIT:
CURRENT LIABILITIES:
Accrued professional fees
$3,750 $2,500
Total current liabilities
3,750 2,500
Loan payable - stockholder
- 1,263
Total liabilities
3,750 3,763
STOCKHOLDERS' DEFICIT:
Preferred stock, $.0001 par value, 10,000,000 shares authorized; zero issued and outstanding
- -
Common stock, $.0001 par value, 75,000,000 shares authorized; 2,500,000 issued and outstanding as of December 31, 2007 and 2006, respectively
250 250
Additional paid-in capital
14,263 -
Accumulated deficit during this development stage
(18,263) (3,112)
Total stockholders' deficit
(3,750) (2,862)
LIABILITIES AND STOCKHOLDERS' DEFICIT:
$- $90


MAP VI ACQUISITION, INC.
(A Development Stage Company)
STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
AND FOR THE PERIOD FROM NOVEMBER 22, 2006 (INCEPTION) THROUGH DECEMBER 31, 2007


For the Period
from November 22, 2006
(inception) through
2007
2006
December 31, 2007
REVENUES:
$- $- $-
EXPENSES:
Formation and other costs
- 3,112 3,112
Filing fees
2,266 - 2,266
Professional accounting fees
12,825 - 12,825
State taxes
60 - 60
Total expenses
15,151 3,112 18,263
NET LOSS
$(15,151) $(3,112) $(18,263)
NET LOSS PER SHARE:
Basic and diluted:
$(0.01) $(0.00)
WEIGHTED AVERAGE OF SHARES OUTSTANDING:
Basic and diluted
2,500,000 2,500,000



MAP VI ACQUISITION, INC.
( A Development Stage Company)
STATEMENTS OF STOCKHOLDER' DEFICIT
FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
AND FOR THE PERIOD FROM NOVEMBER 22, 2006 (INCEPTION) THROUGH DECEMBER 31, 2007


Accumulated
Deficit in this
Preferred Stock
Common Stock
Additional
Development
Shares
Amount
Shares
Amount
paid-in captial
Stage
Total
Balance at November 22, 2006 (inception)
- $- - $- $- $- $-
Common shares issued
- - 2,500,000 250 - - 250
Net loss
- - - - - (3,112) (3,112)
Balance at December 31, 2006
- $- 2,500,000 250 $- $(3,112) $(2,862)
Conversion of shareholder loans into company's capital contribution
- - - - 14,263 - 14,263
Net loss
- - - - - (15,151) (15,151)
Balance at December 31, 2007
- $- $2,500,000 $250 $14,263 $(18,263) $(3,750)

MAP VI ACQUISITION, INC.
( A Development Stage Company)
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
AND FOR THE PERIOD FROM NOVEMBER 22, 2006 (INCEPTION) THROUGH DECEMBER 31, 2007


For the Period
from November 22, 2006
(inception) to
2007
2006
December 31, 2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss
$(15,151) $(3,112) $(18,263)
Increase in accrued professional fees
1,250 2,500 3,750
Net cash used in operating activities
(13,901) (612) (14,513)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the sale of common stock
- 250 250
Proceeds from loan payable - stockholder
13,000 1,263 14,263
Payments on loan payable - stockholder
- -
Net cash provided by financing activities
13,000 1,513 14,513
-
DECREASE IN CASH
(901) 901 -
CASH, BEGINNING OF YEAR
901 - -
CASH, END OF YEAR
$- $901 $-
Supplemental disclosure informaiton
Cash paid for interest
$- $-
Cash paid for taxes
$- $-
Supplemental disclosure of non-cash investing and financing activities
Conversion of shareholder loans into company's capital contribution
$14,263 $-




Now Here Is The Punch Line.

It's In The Background Notes .....

MAP VI ACQUISITION, INC.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2007 and 2006
AND THE PERIOD FROM NOVEMBER 22, 2006 (INCEPTION) THROUGH DECEMBER 31, 2007

NOTE 1 – BACKGROUND

MAP VI Acquisition, Inc. (the “Company”) was incorporated in Delaware with the objective to acquire, or merge with an operating business. On December 20, 2006, the Company sold 2,500,000 shares of common stock for consideration of $250.

Looks Like WGCH's Jeff Weber Had Better Get A Real Good Lawyer

=================================================
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com

Greenwich Roundup's Total Pageviews

The Raw Greenwich Blog And RSS Feed - Bloggers Who Are From, Work In Or Used To Live In Greenwich