Good Life China Corporation (GLCC): Post Unavailable Additional Informati...

crazy horse 0 · 2008-06-14T16:44:36.8000000Z

Important Articles related to GLCC All the material below relates to Goodlife (GLCC) and the Press Release issued on June 13, 2008. IMO, MinaMar and GLCC Management are doing the right things for its very survival as a Company. Many companies have been destroyed by the tactics mentioned below. Marine-1 can you put this material in the I-Box . It relates to the problem GLCC is encountering. All parties who read the I-Box should know these important Facts. Thanks. Good Life China Corp (GLCC) Recalls Dividends Friday June 13, 4:03 pm ET The issuer verily believes that its security is a subject of naked shorting activities, and that a large short position of its security exists. See: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30006393 As someone who has been in the transfer agent business for 23 years, I am alarmed by recent developments and trends that all work toward a system of increasing positions on the books and records of corporations in the name of Cede & Co. http://www.faulkingtruth.com/Articles/LettersToEditor/1012.html We have a counterfeiting problem in the United States of America that has corrupted our markets, ruined our small businesses, has and is destroying college funds, savings accounts, 401K’s, jobs and our American economy. It is as damaging to our country’s financial strength as putting counterfeit money on the streets and just as illegal! http://www.faulkingtruth.com/Articles/LettersToEditor/1015.html Something is wrong with your stock ? you just don't know why it's falling. But there's rarely any warning http://www.nationalpost.com/scrïpts/story.html?id=440313 Dear Mr. Chairman and Commissioners: http://www.sec.gov/comments/4-557/4557-21.htm SEC Inspector General Considering Audit, Investigation on Naked Shorting Posted April 07, 2008 10:15AM PST The inspector general of the Securities and Exchange Commission is considering an audit or investigations relating to the SEC's past handling of complaints involving naked short selling of stock. Inspector General David Kotz met March 26 with David Patch, founder of the web site www.investigatethesec.com and a well-known advocate against naked short selling. Kotz said April 7 that he is considering what action is warranted on the issue. Possibilities include an audit or investigations. An audit is a broad look at the SEC's practices in a particular area, while investigations focus on specific allegations of wrongdoing by SEC staff. "We're looking at the information Mr. Patch provided us," Kotz said. Naked short selling "is definitely a matter of great concern to a lot of people." An official from the Government Accountability Office also attended the meeting with Kotz and his staff, Patch said. GAO officials couldn't immediately be reached to comment. Naked short selling is the practice of selling a stock short without borrowing or delivering the shares sold. Patch and others argue that the practice has diluted the values of some stocks, and particularly of small cap companies, by putting thousands of "phantom shares" into circulation. Critics of the SEC say that it hasn't aggressively moved against naked short sellers. Here is more on NSS http://www.washingtontimes.com/article/20080411/EDITORIAL/353373707/1013 Conclusion Unfortunately, the impetus for reform will not come from the securities industry itself. Hedge funds and the prime brokers that serve those funds benefit from unconstrained naked short sales. http://www.cato.org/pubs/regulation/regv31n1/v31n1-7.pdf