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Re: nodummy post# 74525

Tuesday, 08/23/2016 11:11:23 AM

Tuesday, August 23, 2016 11:11:23 AM

Post# of 74539
Looks like Sydney Harland was just as big of a crook before he came to GLER

He spent several years running another publicly traded company called ARS Networks Inc (ARSW) between 1999 and 2005.

During the last 3 years he was there ARSW had virtually no cash or revenues and the flood gates opened with dilution

http://www.otcmarkets.com/stock/ITGL/profile

3 reverse splits the last 3 years

Capital Change=shs decreased by 1 for 50 split. Effective date=3-26-03
Capital Change=shs decreased by 1 for 50 split. Pay date=6-21-04
Capital Change=shs decreased by 1 for 1,000 split. Pay date=9-24-04

Harland did 11 S-8 filings between 2002 - 2005 to issue free trading stock to officers/employees/consultants of the company (same thing he did with GLER while putting out those monstrous fake merger and fake financing agreements)

After the last reverse split the O/S count ballooned back up to 899,088,276 by June 2015 when Harland left.

The Issuer morphed into IT Group Holdings Inc (ITGL) soon after that.

Too bad that was so long ago. I bet he put out some pretty big press release lies during the ARSW scam during all that dilution.

The last thing filed by the Issuer was this 8K saying that the 10ks for the periods ending 2006 and 2005 and 2004 were full of lies and fabrications (the last 3 years that Harland was there):

https://www.sec.gov/Archives/edgar/data/1081856/000114420407051515/v088893_8k.htm

On September 26, 2007, the Company's Board of Directors, after discussion with the Company's independent auditors, concluded that our previously issued (audited) consolidated financial statements for the years ending December 31, 2004, 2005 and 2006, and interim period unaudited statements to and including the unaudited statements for the period ended June 30, 2007, should no longer be relied upon because of errors in such financial statements. The resulting changes will most likely require restatement of our financial statements for such periods and will most likely be material. The determination of the Board was based on a review of the records of the Company’s subsidiary, Internet Telecommunications Plc (“ITPLC”), undertaken by the Board of Directors of the Company following removal of Charlie Yiasemis as President, Chief Executive Officer and Chief Financial Officer of the Company on Sept 11, 2007, that revealed improprieties in his operation of our business. These improprieties include misrepresentations as to our business operations and fabricated documents. The Company is continuing to investigate these improprieties to ascertain the full impact on our previously issued financial statements and disclosures.


That Issuer went dark after that.... no more filings ever.

It eventually got suspended in 2012 as part of one of the SEC mass shell expel suspension orders:

https://www.sec.gov/litigation/suspensions/2012/34-66980.pdf

I doubt we'll see Sydney Harland or his wife back involved in any more public tickers at his age. He'll probably just retire now on all the money he stole while running his public scams the past 2 decades.




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