E-MAIL SENT TO AMF:
Good morning:
GCEI just published their annual report yesterday.
You should know that they continue to hide crucial information from shareholders and potential investors.
Once again the CFO, Ken Adessky, brags about being a Senior Partner of a law firm that specializes in small cap stocks yet he neglects to tell readers that he has been disbarred for 4 years. The person in charge of the Company's finances was disbarred for his activities in raising money for the Company and the Company feels that this is not pertinent information. YES - he is appealing the decision, but his conviction must be disclosed for proper disclosure including the fact that the disbarment is for 4 years.
Secondly, this Company has been hyping a supposed acquisition for the last year which they claim will be the future of the Company. There have been many press releases and guidance on sales and promises that the financing is in place. YET THEY PROVIDE NO INFORMATION about this obviously material event.
I believe that the CTO should not be lifted until they provide shareholders with all of the information relating to this acquisition including the history of profitability of the target company and the effect the financing of the acquisition will have on shareholders. Only then will potential investors and shareholders be properly informed.
This is MUCH too important a deal to allow the Company to trade without proper information.
I urge you to protect investors and shareholders by not lifting the CTO until this material information is disclosed given the HYPE the Company has initiated around this company.
Thank you.
