H.Thomas Moran II, Receiver

Receiver of Lifetime Capital, Inc.

June 20 2006

359

Investors: The sale of the portfolio has essentially closed. The purchase documents have been signed by the Receiver and Silverpoint and the money was wired to the Receiver’s account on Monday 6/19.

I don’t know at this time what this will do to the Tonti appeal. I suspect it is moot but I’ll update you as I have further information.

Andrew Storar, Examiner