annual reports on the Company's operations. In addition, Investors have the right to access certain other information regarding the Company as provided for in the Limited Parinership Agreement. As long as the Units are not registered under the Exchange Act, the Company will not be subject to the reporting requirements thereunder. KLC’s 2005 audit was not completed until May 2006 due to systems conversion issues. 6.4.3 Investors may never receive cash distributions on their investment; there is no assurance of investment return There is no assurance that KUE will be able to generate returns for the Investors or that returns will be commensurate with the risks of investing in KUE. There may be limited or no cash flow available to KUE from its subsidiaries or to the Investors from KUE and there can be no assurance that KUE will make any distributions to Investors. KUE is not obligated tc declare cash distributions with respect to the Units other than certain distributions to meet tax obligations of the Investors. Public offerings, sales or other dispositions which may result in a return of capital or the realization of gains, if any, are not expected to occur for a number of years. An investment in KUE should only be considered by persons who can reasonably afford a loss of their entire investment. 6.4.4 KUE’s ability to make distributions is limited by its subsidiaries’ existing and future indebtedness KUE will not have any material assets other than its ownership of various subsidiaries (including KLC) and investments in other companies, and will not have any material operations or revenues other than income derived from KUE’s interest in its subsidiaries and any proceeds arising from its investments in other companies. Therefore, KUE’s ability to make any distributions to investors will be completely dependent on the operations and business results of its subsidiaries and its investment holdings. KLC’s ability to make distributions or payments to KUE is restricted b