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Wednesday, 01/06/2016 1:01:59 PM

Wednesday, January 06, 2016 1:01:59 PM

Post# of 7276
CRCO HUGE TIMELINE DD Put the pieces together!

October 9th: New investment group (Richard Waserstein, Hamba Revocable Trust, Lupowitz, LLC and Tarek Kirschen ) purchases the controlling interest. Appoints Sam Lupowitz who was principal at the time.

Mr. Bafer's rationale behind the execution of the overall transaction was to enhance shareholder value by bringing in an investor group which included a principal investor, Mr. Sam Lupowitz, and the business model developed by Mr. Lupowitz, a model designed to bring the "Carolco" brand - associated mainly with mega-successful motion picture franchises such as "Rambo" and "Terminator" - back to its former glory while attempting to offset much of the financial risk typically associated with production.



November 6th: Initial investor Waserstein resigns from board and is replaced with Joseph Emas. Mr Lupowitz is appointed as CFO.....obviously getting Corporate structure together.


On November 6, 2015, Richard Waserstein resigned as a member of the Board of Directors of the Company. There were no disagreements with these former directors of the Company as to its operations, policies or practices.

On November 6, 2015, Joseph I. Emas was appointed as a member of the Board of Directors of the Company to serve until the next annual meeting of shareholders. His biography is as follows:

Joseph I. Emas. Mr. Emas is licensed to practice law in Florida, New Jersey and New York is serving as our outside securities counsel. Mr. Emas is the senior partner of Joseph I. Emas, P.A. Mr. Emas specializes in securities regulation, corporate finance, mergers and acquisitions and corporate law. Mr. Emas received his Honors BA at University of Toronto, Bachelor of Administrative Studies, with distinction, at York University in Toronto, his JD, cum laude from Nova Southeastern Shepard Broad Law School and his L.L.M. in Securities Regulation at Georgetown University Law Center. Mr. Emas was an Adjunct Professor of Law at Nova Southeastern Shepard Broad Law School. Mr. Emas received the William Smith Award, Pro Bono Advocate for Children in 2000 and the 2006 Child Advocacy Award in Florida and is the author of “Update of Juvenile Jurisdiction Florida Practice in Juvenile Law.” Mr. Emas was been a member of the Juvenile Court Rules Committee for the State of Florida from 1999 through 2006, and currently sits on the Florida Child Advocacy Committee.

On November 9, 2015, Sam Lupowitz, our Chief Executive Office and a member of the Board of Directors, was appointed a Chief Financial (Accounting) Officer to serve at the pleasure of the Board of Directors.



January 1st:
Sam Lupowitz resigns and turns over operations to Tarek Kirschen. Yes Tarek is a big real estate guy and founder of Glozal Group. Also appears he has CEO experience in running a larger organization. Sounds like they are ready to move forward on original business plan that has been created......

Tarek Kirschen Founder & CEO

GLOZAL

June 2002 – Present (13 years 8 months)

GLOZAL GROUP is a holding company. Our main focus is re-developing residential and commercial space for highest and best use. Our portfolio includes residential rental properties, commercial office buildings, and vacant land for future development. We also own a social real estate network with members in over 90 countries see www.Glozal.net



FYI: Sam Lupowitz will continue to maintain a close relationship with the Company as an outside consultant and source of projects for co-production with the Company.



THIS IS PROBABLY ONE OF THE BIGGEST THINGS NOT BEING TALKED ABOUT


Mario Kassar, co-founder of the original "Carolco" and producer of the first three installments of the "Rambo" franchise, two installments of the "Terminator" franchise, "Total Recall" and "Basic Instinct", as well as many other major motion pictures, remains as Carolco's chairman.








If you haven't learned yet, most posts on a message board are in the writer's opinion. All of my posts are in my opinion (IMO)......do your Due Diligence (DD) and make up your own mind!

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