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Saturday, June 28, 2014 11:53:36 AM
I made a phone call to a trusted source. Got better results than with emails, thass fer shore !
Learned this, BION ( believe it or not ) . . . .
(1) There was the Tirex / GRSI deal as announced in April 2013.
(2) Details irrelevant -- Tirex licensing deal partly in exchange for paid for audited financials
(3) There were "unexpected" discoveries during the audit - I AM TOLD IT WAS THE NUMBER OF SHARES TRANSACTIONS ( mostly private transactions ) NECESSARY TO CONFIRM FOR THE AUDIT !
(4) The auditing company insisted on quite a bit more money . . .
(5) GRSI insisted on MORE COMPENSATION to continue to pay extra auditing costs ! ! !
(6) EXTRA COMPENSATION to be in the form of many many many new Tirex shares, leading to :
(7) GRSI having controlling interest in Tirex, which would be unacceptable to both (a) the Tirex principals and (b) the existing shareholders { you, me } whose interests would not be served.
THE FEAR WAS THAT A CONTROLLING GRSI would issue millions ( or even billions ) of additional TXMC shares, TO ITSELF (GRSI), thus diluting existing share-holders almost completely out of existence.
I swear that this is a truthful report.
Beyond which I can also say this : "WHO COULD MAKE THIS STUFF UP?"
Indeed !
Until2017
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