Hi Gang.
The last few days are the first in many where I felt somewhat positive about the Company. It appears to me they are getting their act together to make decisions that will actually further their corporate goals of growth, sales and revenue return. Let's review.
7/23: The planned merger with the meat packing plant sure beats Westmont, an empty shell with no assets, revenue or business plan. The assets of the meat packing company would be welcome and surely fit in with GLCC expansion, a good fit. They have retained a Chinese law firm to help with everything pertaining to Chinese law and I am sure the possible merger. I don't believe they will take the Company private. Their best approach is to obtain financing through the merger and manage the Company, develop their IT, their warehousing and just let the market take them to new heights.
7/24: The sale of the North American Assets is a welcome event. Let them concentrate on their business in China. They will receive money and a guaranteed purchase of $250,000 in stock. This agreement was surely negotiated by management to help support the stock price, a welcome event, showing concern for the average shareholder. We may not see any upward pressure on the stock price for at least a month.
7/24: This is a very interesting development. Entering into a small cap fund in China may introduce a whole new group of investors, average Chinese citizens. This fund is managed out of England. They will probably require GAAP financials, badly needed at this point.
I think we need to sit back and carefully evaluate the recent events. They are all positive and could lead to significant developments in the share price. Let's try to concentrate on the positives, I believe the recent events should give us a more positive vision of the Company and the surrounding events.
Take Care,
DarkLady
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